Deciding whether to sell or rent
I am caught between the decision to sell or rent my home. It’s 2 years old, and I’m having to relocate for a job to another state. If I list it for sale, it might break even and I can sell it and walk away, but I may end up having to bring money to the table. On the other hand, I can rent it, make $300-400 extra month off of it, and try and sell it in a year or two. I eventually want to sell the property, once the equity builds. I’m in the central Texas area and I’ve found a good property management company, but I am very hesitant to rent it, with all the horror stories of bad tenants. I don’t plan land on returning to the area I might add. It feels like more of a hassle to sell it, since i may not walk away clear(with the house being so new). Should I give renting a try?
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A big question for me is what type of tenants would your house attract? If better ones, maybe contact some PMs. If could be shaky, maybe just sell and take the loss if it will add too much stress to your life.
There are a ton of good threads on what questions to ask PMs on here with some searching.
Good luck