Take a fresh look at your lifestyle.

How do you determine if you should sell or keep an investment property? : passive_income



I thought I had what it takes to be a landlord, but I don’t have the patience. I brought a new home in July 2021 and I rented out my Condo in August 2021.

CONDO mortgage $626 hoa- $199 Rent $1275 Net income = $390 after the $60 property management fee.

The property is valued at $205k with a mortgage of 84k owed.

Since renting I replaced the Microwave, Refrigerator, Washer & Dryer making my rental revenue negative. My tenant has had something almost every month since I rented it out. (I’m ready to quit this and sell)..

What would be the driving factor on if you should sell a property or keep it? What would you do? The property is located in Charlotte NC!


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