Monday, March 28, 2011

House options

One of the first things I need to decide is what to do about my house. I purchased this house in May last year to take advantage of the First Time Home Buyers' Grant. Probably a little silly in hindsight, but I wasn't really thinking seriously about MBA programs at the time.

There are really only two options to take: sell it, or rent it out. So I called up my realtor friend, Danny, for his advice. He straight out said that renting is the best way to go. He could sell it, but it probably wouldn't be worth it as the market, even in San Antonio, a very protected place from the recession, is struggling a bit.

So it looks like renting it out is going to be the better option. As much as I am a do-it-yourselfer, I think in this case I will get the services of a property management company to look after it. Taking care of a house, screening renters, collecting rent, etc, isn't going to be easy from Pittsburgh.

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