I got offered a job out of state, so now I'm trying to decide if we should sell our current house or rent it out. We're currently in Denver if that matters. Which makes better financial sense? I like the idea of passive income, but not sure it's worth the hassle.

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You have 3 options: rent w/o property manager, rent with property manager, or sell.

Talk to property managers about doing a rental analysis on your property. You don’t actually have to use them in the end, but they have loads of data on local rentals. Then you can weigh the potential profits with/without property managers against selling.

You’ll have to take into account all the financial ramifications as well as the personal ramifications, should you keep the house and manage the rental. Some houses are better suited for rental, whereas others don’t rent for much in comparison to their price (think a duplex vs a 4B/4B SFH), so no one can give you advice for your specific situation

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I was also going to recommend a property manager first and foremost if you do decide to rent. I have a friend who rents locally, and when it’s going well, it’s great, but you have to always be prepared for worst-case scenarios.

Rent!

It's not worth it to sell rn in my opinion

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