What do I do with a inherited House-

Question

I have a house in Bellville and I would like some help on deciding to fix and rent or sell the house, so I may need an agent to discuss the options, looking at a timeline of 1to 2 months before the house could be listed if that is the best direction.

Ricardo R. · Answer

Hey Tim,

Congrats on the inheritance — that’s a great opportunity, even if it comes with some big decisions. The first step is figuring out what makes more sense financially and personally:

1. Fix & Rent:

If the house is in decent shape and rents well in Bellville, keeping it as a rental can give you steady income and long-term appreciation. Check local rent comps — if you can get a 1% monthly rent-to-value ratio (for example, $2,000/month rent on a $200k home) or at least solid positive cash flow after taxes, insurance, and maintenance, renting might be worth it. You’ll also get depreciation and other landlord tax benefits.

2. Sell:

If the house needs heavy work, or you’d rather have the cash and less hassle, selling may be cleaner. With values up in many markets, even a light cosmetic refresh (paint, flooring, curb appeal) can help you get top dollar without a full renovation.

3. Timeline & agent:

Since you’re already thinking 1–2 months out, it’s smart to get a local agent to walk the property now. A good agent can tell you (1) what you’d realistically net if you sell as-is vs. after light updates, and (2) what rental demand looks like if you decide to hold.

Bottom line: if the numbers don’t scream “keeper,” don’t force it. Sometimes the best first investment move is selling right, learning the process, and rolling that capital into something with clearer returns later; I really hope this helps you out, I sent you a DM on BP and hope you can assist too.

Doug P. · Answer

There's a third option. Sell it rent to own as-is for slightly below the ARV.

Drew Sygit · Answer

@Tim Aiken how much knowledge, or time to learn the needed knowledge. do you have to become a landlord?

Or were you thinking of hiring a PMC?

You really need to decide ASAP if you want to rent or sell as it will impact the level of repairs.

Casey Ahlbrandt-Rains · Answer

Tim,

That's a tricky spot to be in. It's a choppy market to be selling homes in Southeast Michigan at the moment and there doesn't appear to be a shortage of listed properties in Belleville.

That said, if there are aspects of the property that set it apart, it may be well suited to list.

I think the state of the home and the time you are willing to spend are the biggest determining factors.

I'm right down the road if you would like my perspective on your options.

Best of luck!

What do I do with a inherited House-

What do I do with a inherited House-

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