Home / Sell my rental or keep it?
For tired Central PA landlords
Should I sell my rental or keep it?
If the rental's turned into more calls, more repairs and less money than you thought, you're not crazy for wondering. Let's run your real numbers, look at what keeping it really looks like, and lay out the ways out if you're done.
Start with what it really nets you
A lot of landlords have never actually added it all up. Plug in your own numbers below. It only takes a minute.
Is your rental still paying you?
Type in your own numbers. Nothing here is saved or sent anywhere.
Enter your numbers above to see what it really nets you.
If that number's small, negative, or just not worth the hassle, keep reading.
Keep it or sell it?
| Keep the rental | Sell the rental | |
|---|---|---|
| Monthly money | Whatever the cash flow check says, give or take surprises | No more monthly bills on it once it closes |
| Your time | Tenant calls, turnovers, showings and repairs | Done after closing |
| Big repairs | Roof, furnace, water heater and turnover costs are on you | You can sell as is, no repairs required |
| Your equity | Stays tied up in the house | Comes out as cash at closing |
| Taxes | Ongoing property taxes | A sale can have tax effects, so talk to your CPA |
| Best fit when | It pays you well and you don't mind the work | It barely pays, needs work, or you're just done |
The four ways out
- Sell to one cash buyer. Quick and as is, but their offer has to cover repairs, holding costs and their profit, so it's usually the lowest number.
- Sell to an investor with the tenant in place. Some buyers want the rent from day one. A lease with a good payment history can help. Here's more on selling a rental with tenants.
- Sell it vacant to an owner occupant. When the lease ends, some homes bring more from a buyer who wants to live there. See selling a vacant house and the vacant house cost calculator.
- List it as is, built for speed. That's the 7-Day Stress-Free Home Sale. It goes out as Coming Soon, goes live on a Thursday, gets one weekend of showings, and offers get reviewed early the next week. Cash buyers can still offer, they just have to compete.
Want the long version on the landlord exit? Read done being a landlord? Here's how to sell a Central PA rental fast. Not fixing anything? Here's how to sell your house as is.
What the 7-day approach has done
Across the program's documented Central PA closings, homes sold for 114% of list on average, about $28,400 over list, with about 7 days to an accepted offer.
Past results don't guarantee future results. Every home and every market week is different, and these numbers are shown for illustration only.
Is your rental in one of these towns?
See Mechanicsburg, Carlisle, Harrisburg, Enola, Camp Hill, Hummelstown, Hampden Township, Upper Allen Township, East Pennsboro Township, Cumberland County, Dauphin County and Perry County.
Send me the address
Use the form on this page, or call or text (717) 510-1452, eXp Realty office (888) 397-7352 x1034. I'll look at the property, the numbers and your options, keeping or selling. Some put speed first, others help you keep more equity. It's $0 with no obligation.
$0 cost. No obligation.
Tell Josh about your home and he'll walk the property, run the numbers and show you what the 7-Day Stress-Free Home Sale could look like. You always reserve the right to accept, reject, or negotiate any offer.
Prefer to talk? Call or text (717) 510-1452, eXp Realty office (888) 397-7352 x1034.