When a rental feels like another job.
A rental can be financially useful and still require more attention than you want to give it. Looking at the whole picture can help you decide what comes next.
Measure the work as well as the income
List regular maintenance, tenant communication, travel, vacancy periods and administration. Review actual income and expenses over a meaningful period rather than one unusually good or bad month.
Explore the alternatives
Keeping the property, hiring management or selling can each involve tradeoffs. Obtain a written breakdown of management costs if you are considering professional help.
Respect the existing tenancy
A sale does not erase a lease or local tenant protections. Before making plans, ask a qualified local professional about notice, access, deposits and the obligations that apply.
Look at the proceeds carefully
Loan balances, transaction expenses and tax treatment can materially affect what you keep. Get professional advice on your particular situation before relying on a sale estimate.
General information only. This guide does not assess your property or replace advice from a qualified professional about your situation.