4 ms·

I would then have to deal with finding tenants, property maintenance issues, etc (or pay someone to do this), which is more than I really want to do right now.

• mrfusion 7y ago
  Run the numbers and compare in your next sale. As a rule of thumb if you can get 1% of the sale price per month in rent you’re doing awesome. And a good property manager should take away 95% of the hassle.
  • tunesmith 7y ago
    You're saying that if the house sold for $500,000, you should keep it if you can rent it for $5,000 / month or more? I've heard of 5% of 1/12th of the projected sale price, which seems more realistic.
    • mrfusion 7y ago
      Yes $5000/month would make that a great property. Look up the one percent rule. There are lots of other things to consider but it’s a great quick rule of thumb.
• giancarlostoro 7y ago
  A coworker found a company that handles most of it, and they call when they're tasked with fixing something, he then figures out if he wants to pay them to fix it or what have you, or if he just wants to do it himself. He says it's basically paying for his rent. Of course it's all about researching the companies. Worse case you sell off the house. Totally worth looking into though.