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Updated over 5 years ago on . Most recent reply

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Karoline King
  • New Haven, CT
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Is it a good idea to rent a 400,000 Property in GA

Karoline King
  • New Haven, CT
Posted

I have a property out of state (GA) and trying to decide if I should try to sell it or rent it.

It’s a townhouse and I really would like to hold on to the property but I’m concern I could get a bad tenant on a 400k property.

Does it make sense to rent a property of that price range?

Please any advice, suggestions are welcome. Thank you

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Marc Winter
  • Real Estate Broker
  • Northeast PA
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

@Karoline King,

Sounds like you are not a landlord.  I would sell it.  Market is good, prices are high, sky is blue.  Tomorrow doesn't know.  And, of course, sooner or later, tenants will disappoint.  Good luck.

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