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Real Estate
Reply to "Sell or rent out - DC row house "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your potential tenant is going to be complaining big time about the neighbor. And do you want to live next to this neighbor when you move back? I personally would sell. [/quote] This. Plus even with a property manager it still takes time to be a landlord and can be a headache. You can also run the numbers - between paying the property manager (20% rent), mortgage, and maintenance (even if it's in good shape there will be maintenance - especially with renters), and potential for it to have significant turnover/empty months due to a bad neighbor, I doubt it would be worth it versus investing the proceeds. Sell and invest the money. Use that money to buy a new place when/if you return in a neighborhood where the schools would work for your kid.[/quote] Who pays property managers' 20%? LOL! Max 6-7% of the rent is what's needed otherwise they are taking you to cleaners. [/quote]
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