To rent or to sell in Playa del Rey

[Amaya Palmeri]

Hi there, long time listener to the podcast, first time poster here. My husband and I have a two bedroom condo in Playa del Rey which has seen significant appreciation in the past few years. We're trying to decide whether to hang onto it, become landlords and use the equity to purchase our next place or just sell, take the profit and focus on purchasing another fixer-upper in an area we foresee appreciation. (Los Angeles wouldn't be my first choice to have a rental due to the amount of capital it ties up but with all the tech companies moving down to this area, it's making us consider a longer-term strategy.) Any input is appreciated!

[Brianna C.]

I think you should keep your condo and rent it out. It increased so much in value already.