Rent or Sell

[Carla Hailey]

@ andydallas, great points. 

[Dave Reynolds]

When considering whether to rent or sell it is important to look past the numbers on paper. Being a property manager involves much more than just collecting a check once a month. There are oftentimes significant expenses involved in attracting the right renter, cleaning up the place after the wrong renter and maintaining the property when you do not have a renter. If you choose to outsource the property management role than you are looking at yet another cost to being a landlord. On the upside if you hold onto the property for the life of the 15 year loan it is likely to increase in value.

The question you should ask yourself is whether or not that increase in the value of the home in 15 years is greater than or equal to the value of investing the $18K in the market today and taking it out after 15 years. There are numerous financial calculators available online to help you calculate various rent/sell scenerios.

[savana]

According to me, renting is the best option as it is always better to have and keep the property as, it is thus necessary for future investments.

[LVVR]

Passive income on rentals is definitely worth it down the road. It may take longer to reap the benefits, but when you do it's steady.