Would you rent it or sell it?
I need help/expertise on a subject I'm struggling seriously.
We have a house in Calgary NW and we don't know what to do whether to sell or rent it out. My partner wants to sell and with the remaining money we can buy a two bed flat (realtor(also friend) says he can find a town house and we can get between $1400-$1600 rent every month but obviously we will get less if we buy a flat.
We are leaving the country for 2 years(for work) and when we might not be able to buy a house like this. It is an 11 year old, 2500 sq house and on the ravine in a decent area.
We were approached by our friend whose staff is looking for a place but he can only pay up to $2500 (our realtor friend says we can get between $3000-$3300 a month and he will be managing tenant and all for a fee of course) and he says his staff can keep an eye on the house and we can leave our furniture etc. in the basement so we don't have to rent a storage which would cost us between $200-$250 a month.
Based on the above info. What would you guys do? What should I be considering if I want to sell or rent?
Thank you kindly.