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Reply to "Should I sell my house or rent it out?"
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[quote=Anonymous][quote=Anonymous]It's so easy to rent it out with a management company. They will find a renter and take care of all repairs. Even after the repairs and their fees, you will make net prob more than a low interest mortgage payment on it. In Reston you'll get good renters. A lot of military and other people who don't plan to settle in this area need sfh rentals near good schools. Talk to a management company, and you'll be surprised at how profitable it can be.[/quote] Yes, Reston is a nice area. And no doubt it's a prime location for good renters. But rentals in the DC area rarely have cash flow of more than a couple hundred bucks a month, even if purchased 20 years ago. I know because I own several. And management companies border on being useless. Nobody knows your property better than you, and nobody will care for your property better than you. [/quote]
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