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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I recently sold my rental property (in Maryland) and I am so glad I did it. I had a condo and [b]under charged rent to keep good tenants[/b]. I also managed it myself. I just got tired of doing.

The taxes were definitely a hit so you need to run the numbers. I took the profit I cleared and put some in index funds and some I put in just a Fidelity Treasury money market. I make more than I did with my rental with none of the stress. [/quote]

I think this is a mistake. Seems like the OP made the same mistake. There are good and bad tenants at every price point. [/quote]

This can make sense if you are trying to KEEP good tenants- we have a rental that we raised the rent on only about $50/ month each renewal in order to keep the tenants.  When they finally moved out after five years we jacked up the rent but avoiding having to turn over the unit was absolutely worth it for a while.[/quote]
This is what we do also - we have a half dozen rental properties. Asking price slightly below market to get a lot of interest, then pick the applicants with the best combo of salaries/ credit scores/ references, then raise a nominal $50-$100 (about 3%) every year. [/quote]

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