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Reply to "WWYD: keep DC rowhouse in Shaw as investment?"
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[quote=Anonymous][quote=Anonymous]Do it OP! Very few people can afford a DP on a new place without taking money out of the old. Is the place in good shape? If so, id try renting without a management company at first. We do it and it really doesn’t take that much time. We hire repairmen for any needed repairs. We only net 800 or so a month, so you are doing great.[/quote] We're in a similar position. We don't have a management company because we triage the problems and some of the repairs we can handle ourselves. One time, the thermostat needed new batteries, but the tenants said it was broken. A management company probably would have brought in a contractor. Same with the bathroom faucet (needed new O ring). We still live nearby, however, so this isn't a huge problem. I could see us switching to a management company in a few years when rent goes up a little more.[/quote]
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