this post was submitted on 28 Jun 2024
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I'm really interested in the answers because I'm about to inherit an apartment that I don't plan to live in. Looking at the market, I'm hesitant to sell, as I would have to pay hefty taxes. Letting it stand empty does not make sense.
I did not purposefully purchase this apartment to make money on it, I'd much rather have grandma around, and I'm planning to sell it in about 5 years when we're gonna be looking for a new place with my parents.
My best bet is renting it out below market price and being a kind and understanding landlord, which sounds like an oxymoron to me too...
Any thoughts on my situation?
Property management as a service is a little different here, but i definitely don't want either of the things you mentioned. I haven't done the full research on what it would take me to rent the place out, but u definitely will. Thank you.