Any property owners here?

Question

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?

peaceyall · Answer

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.

Jerz · Answer

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.

Anonymous · Answer

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!

Either way - it's definitely a hassle!

89nk · Answer

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?

Anonymous · Answer

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.

VeritasPrepMike · Answer

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.

Any property owners here?

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards