The rental market is picking up with the covid-related restrictions fading, but I'm concerned they may return with the recent uptick. Is it better to hold or sell out of rental markets that have been sharply impacted by covid?
Property Manager · Baltimore, MD · Member since 2014 · 1k+ posts · 1k+ votes
5y
I wouldn't sell strictly because of COVID, but there are a lot of other reasons why it might make sense. At the end of the day you need to decide whats more important to you: the cash flow the unit produces or the cash proceeds you could get from selling it.
It depends on the location. I know several investors who had no issues collecting rent through COVID and there are some markets that haven't had any issues
Thank you for all your responses! I'm half way through to paying it off and it's right by Johns Hopkins Medical Center. Cash flow has returned to near normal and it's hanging in there so I'm taking it one day at a time. Cash flow is important to me at this point.