Inherited half stakes in two rental properties have tenants with different issues and financial challenges. Is selling a wise move, given concerns about a near-future real estate crash?
hey, honestly, i think hold on for now. rental incomes b mostly steady, though mking management is a pain. selling now might cost more in fees than potential gains. rethink if you dont plan on doing fixes.
if i were in ur shoes, i might wait and re-evaluate. tenant issues add heaps of risk, but selling now might cost more if the market shifts. do some rough calc and maybe chat with a local pro before you decide.
Hey, wondering if you’ve also thought about streamlining management to boost cash flow instead of selling immediately? What other strategies might work if tenant issues worsen or become too time-consuming?
It’s an intriguing situation. Have you thought about running detailed cash flow and risk assessments? I’m curious if market trends you see align with device economic forecasts. What alternative strategies have you considered if holding doesn’t work out?
Based on my own experience with inherited properties and the challenges of managing varied tenant issues, I would advise a careful cost-benefit analysis. It’s helpful to review your current cash flow projections and compare them with the expenses of maintenance and property management, especially in an unpredictable market. The possibility of a market downturn should be weighed against potential gain if you decide to hold. Selling might make sense only if the additional responsibilities outweigh the long-term benefits, and if the tax and transactional costs do not undermine your overall financial strategy.