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Reply to "Tell me about being a landlord in dc"
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[quote=Anonymous]We've had good luck renting out our Adams Morgan apartment for the past 4 years. Also: You do not need a property management company. (If you are not in DC, you will need a resident agent, which is essentially someone who DC can serve papers to in case you are sued.) We have had 3 different tenants in 4 years (high turnover, not great), but have had 0 days between tenants, so that's good. If you rent it, will you hold on to it for a while? If not, you may want to consider selling for tax reasons (limited to no cap gains taxes if you sell within 3 years of moving out.)[/quote]
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