[Landlord - US - PA] Do I sell or keep the property?
I’m an accidental landlord and am wondering how to know when to sell a property.
Context: I bought a beautiful 1918 townhouse in Philadelphia in 2019 with a very low interest rate with money left to me from a grandparent. I renovated it and after two years I had to move for work but did not want to sell the house. It’s been successfully rented for the past 4 years by two different, sequential tenants and cashflows $150/month. It’s not wildly profitable. It has $176k left on the mortgage and a few small renovation loans being paid off by the rent.
I’m likely never going to move back in there myself and my current tenant is a lot to handle at times. As an example they’ve threatened to break a window to get into the house because they couldn’t get the door open and they didn’t want to wait for a locksmith. I called one while calming them down and it was resolved within 30 minutes. There’s been other situations that became unnecessarily dramatic.
How do you know when to sell a property vs keep it? What would you do if you were me?