Have an apartment that i have rented out in Ballyogan Road area of Sandyford/Stepaside for the last 2.5 years to teh same tenants. Tenants are now unfortunately moving out at end of October and i am in 2 minds whether to sell or look for new tenants. I manage the place myself and the tenants i have have been great so I feel i have been lucky in that regard in that there has not been much to do.
Also I think I should probably be out of negative equity if I sell. From looking at similar properties in the area i think I would have around 20K after mortgage is paid off.
One part of me is saying to sell and get out of the market now.
Other part of me is saying rent it out again, rents are going up and so are property prices however i guess there is the risk of that not continuing and also having the hassle of dealing with it ongoing.
Any advice would be welcome.
Also I think I should probably be out of negative equity if I sell. From looking at similar properties in the area i think I would have around 20K after mortgage is paid off.
One part of me is saying to sell and get out of the market now.
Other part of me is saying rent it out again, rents are going up and so are property prices however i guess there is the risk of that not continuing and also having the hassle of dealing with it ongoing.
Any advice would be welcome.