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All right let's go to Kimberly and Saint Paul, Minnesota hi Kimberley how are you tonight.
I am well thanks so much for taking my -- sure how can I help.
You know may have been purchased our first call plus five years ago as a combat them we got about 900 square feet of a Condo -- can't think -- -- we had two children at the time.
Now -- third is a year old and -- that they we have run out of room but the cavaliers didn't not only.
Is the market keeping up -- -- probably patted on the market in years past hardly anyone -- -- but now five or six of our neighbors I'm.
Have run away from their mortgages -- so all those units that sitting MP -- -- for a closer.
-- we're paying double vehicle it could be the -- they're part of the -- and you know we can't even put our unit up on the market Millen got a lot of paid double.
You know for our place so you know we have a thousand and -- -- where we're paying off our only credit tired and it.
Now over economic -- then you know we don't want a larger place for no other reason than believing realm you know I feel like we're really honest -- that.
Just -- humble.
With only one income my husband is the only one who works and you know we just have that thousand food and -- and you know I'm afraid that if we were killed.
But the that may be at the rental property it would only think one or two months about a -- and it would do it then you know but I'm just any ideas we we just want some breathing room.
Now well I don't think there's that there's any magic coming -- assess the situation properly and it's it's a mess.
So you've either got to sell it or you've got -- -- in order to move right yeah he's our only options and selling it's going to be really really tough right now.
And and gonna hit you on several fronts really hard so.
I'm thinking he works lecture jobs yourself some things and then try to build up a little bit better -- -- today.
So that you can comfortably move to an inexpensive -- but give you some breathing room and then get this place rent it.
Until this market can turn around a little bit and then you can get it sold.
But I -- I mean you couldn't give it away right now.
That's the truth yet that we would need a 1087.
Or 90000 to get out of that even edit the foreclosures there for 37 and 40000.
Now we'll see those have got to sell and on the market has to recover.
Before you're going to be able to sell this thing for -- even enough to get out of it.
He had end -- eighteen out of property like this do you think it's worth that the pain.
Monthly fees for another company you kind of well I'm all about for us because we are so green when it comes back I think that sort of thing.
How it could be worth that the problem -- property management companies are like a lot of businesses.
There's a wide range of competency.
All the way from completely incompetent to competent no one watches your money as closely as you do now what I would do is.
You might hire someone not to manage it monthly but to help you get it rented and get the -- -- screened and get the job.
You know get the first month collected.
And get the lease signed up.
And that kind of thing and just pay someone a flat fee to do that.
And I'll help you get it rented helping get it -- -- -- and help them -- the -- for you.
And then that's worse you know half a month's rent or something to get that to dun dun and pay someone -- free to do that.
And our management companies it will do that there are management companies it'll only do that if you allow them -- -- an ongoing.
But the monthly management of it is not hard.
They either pay or they don't then there's either some repairs are there -- And if they don't pay you've got a call while -- anyway.
And you're going to be on top of that a whole lot quicker than one of these companies are and if there's a repair you're gonna be more careful about what the repair is than one of these companies are.
Very true because we'll be invested and it's.
Exactly and they they may fool around and you know wait three or four days and in the -- man and they.
And it's an emergency repair and you know all these kinds of things and there are management companies that do a good job but no one watches your money like you -- So I would probably pay somebody help you get it -- and you take over the the month to month management of it which is really not.
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