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Any property owners here?

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Joined: 31 Dec 1969
Location: India
Concentration: Marketing, General Management
GMAT 1: 710 Q49 V0
GMAT 2: 700 Q V
GMAT 3: 740 Q40 V50
GMAT 4: 700 Q48 V38
GMAT 5: 710 Q45 V41
GMAT 6: 680 Q47 V36
GMAT 7: Q42 V44
GMAT 8: Q42 V44
GMAT 9: 740 Q49 V42
GMAT 10: 740 Q V
GMAT 11: 500 Q47 V33
GPA: 3.3
WE: Sales (Investment Banking)
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Kudos [?]: 151 [0], given: 97731

Any property owners here? [#permalink]

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New post 28 Jan 2009, 07:41
For those that own property and can't sell - are you planning on renting out your property? If so, are you planning on using a property manager if you're out of town?
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Re: Any property owners here? [#permalink]

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New post 28 Jan 2009, 12:31
i'm going to try and sell. i don't want to deal with being a property manager or work with a property management company.
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Re: Any property owners here? [#permalink]

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New post 29 Jan 2009, 15:33
I would much rather sell and avoid the hassle of renting my place out. That said, if I can't sell it or if the price isn't right, I'd rent it out. I would definitely use a property manager. I want to be able to focus on school and not worry about being a landlord at the same time.
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Joined: 31 Dec 1969
Location: India
Concentration: Marketing, General Management
GMAT 1: 710 Q49 V0
GMAT 2: 700 Q V
GMAT 3: 740 Q40 V50
GMAT 4: 700 Q48 V38
GMAT 5: 710 Q45 V41
GMAT 6: 680 Q47 V36
GMAT 7: Q42 V44
GMAT 8: Q42 V44
GMAT 9: 740 Q49 V42
GMAT 10: 740 Q V
GMAT 11: 500 Q47 V33
GPA: 3.3
WE: Sales (Investment Banking)
Followers: 0

Kudos [?]: 151 [0], given: 97731

Re: Any property owners here? [#permalink]

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New post 29 Jan 2009, 16:34
Ideally we'd like to hold onto our property long term because it's in a good location and I have family in the area - that said, we really don't have a choice to sell our place right now. I'm not completely closing the door on it, however; luckily being in DC I'm still hoping the new administration moving in will help the market a bit in the Spring.

Either way - it's definitely a hassle!
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Re: Any property owners here? [#permalink]

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New post 29 Jan 2009, 18:30
olive wrote:
Ideally we'd like to hold onto our property long term because it's in a good location and I have family in the area - that said, we really don't have a choice to sell our place right now. I'm not completely closing the door on it, however; luckily being in DC I'm still hoping the new administration moving in will help the market a bit in the Spring.

Either way - it's definitely a hassle!


I wouldn't rely too much on new administration helping. If you can not sell it, and have family in the area, why not have someone within your family help you rent it out?
Joined: 31 Dec 1969
Location: India
Concentration: Marketing, General Management
GMAT 1: 710 Q49 V0
GMAT 2: 700 Q V
GMAT 3: 740 Q40 V50
GMAT 4: 700 Q48 V38
GMAT 5: 710 Q45 V41
GMAT 6: 680 Q47 V36
GMAT 7: Q42 V44
GMAT 8: Q42 V44
GMAT 9: 740 Q49 V42
GMAT 10: 740 Q V
GMAT 11: 500 Q47 V33
GPA: 3.3
WE: Sales (Investment Banking)
Followers: 0

Kudos [?]: 151 [0], given: 97731

Re: Any property owners here? [#permalink]

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New post 29 Jan 2009, 18:44
89nk wrote:
olive wrote:
Ideally we'd like to hold onto our property long term because it's in a good location and I have family in the area - that said, we really don't have a choice to sell our place right now. I'm not completely closing the door on it, however; luckily being in DC I'm still hoping the new administration moving in will help the market a bit in the Spring.

Either way - it's definitely a hassle!


I wouldn't rely too much on new administration helping. If you can not sell it, and have family in the area, why not have someone within your family help you rent it out?


It's helping the renting market at least, and the market inside the beltway is not being hit as hard. Traditionally the DC area housing market is more protected than housing markets in other major U.S. cities. However; it's still obviously not good.
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Re: Any property owners here? [#permalink]

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New post 28 Feb 2016, 17:51
Expert's post
I own a condo in a major city different from where I went to business school and from where I live now. I have not yet used a property manager. I have a real estate broker who will show it to new tenants. That costs me about one month's rent. I also take advantage of the condo management team to take care of small fixes. So far I've been lucky. A property manager can be quite expensive.
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Re: Any property owners here?   [#permalink] 28 Feb 2016, 17:51
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Any property owners here?

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