Expert, localized Los Angeles answers provided by Heather Roy

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Sell at a Loss?

  I would really like to move out of state in the next few months. However, 2 years ago I bought a house in a good neighborhood with a lot of foreclosed homes. Some days I think I should try to sell it, knowing I will lose a fair chunk of money, and other days I think I should try and rent it out until the market turns around. What do you think?
 
  Being an absentee landlord is asking for all kinds of trouble, and that's even more true if you've never had any expertise as a landlord. 
    Edith
Originally published on June 5, 2008
 
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