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Money and Finances
Reply to "Would you keep or sell this townhouse?"
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[quote=Anonymous][quote=Anonymous]I would let her stay if she is a good tenant who always pays on time and is good to the property. [/quote] She's an ok tenant. About three times a year she sends us a crazy e-mail. For example, she once kept alleging that we were coming into the house while she was not there. We live far away and have never entered the house unless she was there and we told her to call the police if she thought someone had broken in. The issue is more that $950 per month is tough. Between the mortgage and the HOA fees we're paying about $1,000 a month (although as noted above I think about $300 goes to equity). Factor in minor repairs throughout the year of say $600 ($50 a month) and we're making a little money but not much. With interest rates going up that will eat into the margin even more.[/quote]
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