Rental Property-Thinking about selling
Hello All,
I have been going back and forth on whether I should sell my rental property or keep it. I gave the property to a property management company last year to manage. I have been getting hit with a lot of expenses on a monthly basis. I am no longer in the area where the property is located. I also have another investment property that is good cash flow that I will be keeping for a very long time. Here is the breakdown:
Purchased 2016-$255,000
Current Value- $430,000 estimated
Current Mortgage-$1650
Rental Income-$1940
Property Management-$140
Just looking to get everyone's thought on this.