Should we rent or sell our 3000 sq ft home? We’ve been there since 2020 with a tiny mortgage rate, but we're thinking about moving. Payments are $4k and local rents would definitely cover that. We’re leaning toward renting for a few years to see if the market improves and to keep our tax options open later. We really love the house, but realize being a landlord is a lot of work. Does holding onto it make sense?

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I’m in a similar spot. Bought in 2021 have 3% loan, house worth barely more than we paid for it. Rent would cover mortgage but I would rather get my equity out and invest that somewhere else. Even if I put it back in real estate, I will put it into a fund where I don’t have to deal with it.

smart

What do you mean if the market improves? Have home values gone down in your area? It's still a sellers market in much of the country.

Location?

Depends on the location but being a landlord should not be as much work as people believe it to be, especially for long term rentals. Make sure you do your due diligence on the tenant and ensure your appliances are not extremely old.
I add a clause in my contract that the tenant is responsible for the first $75 for any work IF it was due to their negligence.

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