Every landlord is asking themselves this question. Like a good piece of baklava, there are many layers to the simple question. The hardest part is hammering them down in a logical manner.
Here’s one way we have found to help you clarify your thinking.
Break up the question into 4 criteria:
- Revenue Outlook
- Valuation Impact
Then for each Criteria, rate what’s happening with your rental property. This will light a fire in your belly–you’ll survive this long term. Or, it will illuminate some areas for you to investigate further.