Should I rent house out or sell?

I could sell and make only 4 grand or so, or I could get a property manager and rent it out but I'd have to pay 200 to cover the mortgage. It wouldn't be too much of a financial burden at this point to pay that 200 and i think the property would be worth a lot more in the next few years (bought it 15 months ago).





Who out there rents a home? Is it a huge headache, even with a property manager? The property is on the market right now, how do I get it off the market the realtor has exclusive right to sell but the contract doesn't say anything about taking it off the market or deciding not to sell, it just says if we do sell within this certain time, w/ or w/out them then we owe them the commission.





Or, should I just sell and not bother with it? It seems like a great investment, though! - we are moving 350 miles away -





help, thanks!Should I rent house out or sell?
Renting if you haven't done so will for sure open your eyes even with a Rental management company. You could very well loose any appreciation gain due to neglect or abusing the property. 350 miles away is to far a way for you to manage the home even with a management company you should go and see whats up and how the home is being cared for.





I'd sure recommend selling unless you were planning to move back and into this home within less that a year or so.Should I rent house out or sell?
It depends on whether or not you expect the value of the house to increase and at what rate I'd say. Let's say you put 200 per into the mortgage payment which is 2400 per year but the increase in value of the home is 5 per year then it still seems reasonable if you can afford the 200 per month. I'd say, if you feel like the house will go up in value, you can affford the 200 per month, I'd keep the house and use the real estate agency you are using to sell it, to manage it. They usually charge about 8-10% of whatever the rent is per month.


Hope this helps you.
If you decide to rent your property, be careful who you rent it out to. A bad renter can actually diminish the value of your property (multiple animals, meth lab) or can be irresponsible with rent payments.





As far as the exclusive right to sell contracts go, realtors are trained to market your property to maximize your profits. A commission is the price you pay for the marketing and the realtor's commitment to sell your house. Many ';Sale By Owner'; house do not sell due to lack of marketing or run the risk of ';underselling';. Also, remember, if you just bought your property, you cannot expect a lot of equity so 4 grand is typical.
u should put the house at rent n then after some years when d rate will go quite high then sell the house.


in this way u will get the rent money also for some years n then a lot of money when u will sell it.