Just Bought a Rental - Should I keep it as a Section 8
I just bought this 3 bed 1.5 bath 1400 sq. foot house in Decatur - nicer end of Decatur. There are properties that are being built across the street that are planned for resale around $200K. So the neighborhood has a lot of potential. Currently there is section 8 and it is under rented meaning it could get $800 a month and is now only getting $565. I am trying to decide first of all if I need to get a property manager. I have mixed feelings about section 8 but also have a mixed feeling about paying for property management... I like the predictability of Section 8 but only if it will come up to the market rent of $800.
Open to people's thoughts. Jeannie