QUESTION -
Should I sell it or should I keep it and rent it out" Good question!!
If you sell it you will have taxes to pay on the sell of it.
Otherwise, I would look at the funding you have in order to maintain the property and the type of property it is.
If it is a single family home (SFR) (properties that do not share a common wall, you will have the weekly maintenance of lawn care. And depending where you are located you may have snow to clear during the autumn, winter and even spring months. If you rent this property you could write these maintenance items into the renter's contract. Do know that your city could also request or require that you become a registered landlord with them and charge you a license fee, which is usually annual fee. This can occur with townhouses and condos as well.
So let's talk about townhouses and what is expected in my next post.
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