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re: I Finally Might Sell My House I Haven't Lived In for 5 Months...

Posted on 11/21/12 at 2:23 pm to
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 11/21/12 at 2:23 pm to
quote:

Because I now live 700 miles away and I know nothing about real estate or renting/leasing.


You could have hired a property manager for 10% of the rent to take care of everything for you.

Of course, the benefits of doing that depend on what you could rent it out for vs. what you are paying in principle, insurance and taxes.

Might have been better than taking a $25,000 haircut though
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 11/21/12 at 2:26 pm to
quote:

Might have been better than taking a $25,000 haircut though


Maybe, but hopefully I sell it and it's done. I can take the $25,000 hit.
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