it out to people and use the monthly payments from the tenants on the house payments?

im lookin to buy a house by august 15th or before school really...which would be better you think? how hard is it to control rental property in Raleigh and fill the rooms with people?

7/28/2006 7:58:43 PM

depends on location, number or rooms, and price. You've got all these companies with giant apt complexes to compete with. You have to market it the right way as well. If you are going for undergrads, grads, or graduates there is a different market for each. Unless you've made some significant improvements on it to make the money back I would suggest renting it due to the nature of the area.

7/28/2006 9:39:23 PM

That is not enough information.

Where is your condo located? Is it in a location desirable to students? Does it have acess to the bus line? Does your community have a high vacancy rating?

Is your mortgage payment low enough where market rent would cover it along with the cost of any repairs/maintenance on the unit, and management fees if you were to hire a management company?

If you are considering keeping your place as a rental you need to look at it like a business and consider all of these things.

I can tell you that if you were planning on selling it and its near campus you should have had it on the market this spring when the parents started showing up to buy them for their kids. Townhomes/Condos around here sell much better in the summer.

7/28/2006 9:47:08 PM