My California Rental, sell now?
I have a rental in CA where I live that I bought 2 years ago. Now that I’ve joined BP I realize it’s not a good rental investment (thanks to the calculators-although I pretty much knew).
I just signed new renters to a lease mid-October but I can see 1. It’s not a good rental.
2. Our market has all the indicators we may see a drop before long in prices.
Luckily it’s CA and in 2 years I saw a $50k appreciation at least.
Question is can I sell now legally and then if so how do I keep the tenant from being pissed at me and doing damage. I have a $2500 deposit and they had excellent credit so I’m hoping that’s enough and if I try to help them find a place. (I’m a realtor here so that might help).
Thoughts - Suggestions??