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Reply to "Sell or rent out - DC row house "
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[quote=Anonymous][quote=Anonymous]For sure, keep it. Housing prices are accelerating in the wrong direction (up), mortgage rates won’t be coming down and you will have your pick of strong tenants. Find an excellent property manager. They will make sure all ducks are in a row and they will properly screen applicant tenants. (Each adult should have 740 credit, a job that can pay the rent and no history of trouble making rent or mortgage payments … no evictions or foreclosures.) if you can find a tenant who is here temporarily, then you are assured they will leave at the end of the lease. [/quote] This would be my response if not for the neighbor. Crazy bad neighbors ruin it. Could cause issues with tenants (especially if they are great tenants -- you risk losing them if need gigabit harasses them) and make it significantly less likely OP will return to the house. I would view this as a good excuse to sell the house. Yes, prices are going up, but sounds like OP already has decent equity in this home and can camp those funds in safe investments with a similar rate of return until they are ready to buy again, thanks to higher interest rates. The mental relief of being free if that neighbor would be huge for me.[/quote]
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