Should I sell my out-of-state rental or keep dealing with rising HOA and insurance costs?

Winslow, this is a personal decision but if you are not close and do not have someone constantly watching/maintaining the property, that would be a huge factor for me to sell the property. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Start by comparing what you actually keep from that $2,400 rent after HOA dues, insurance, taxes, repairs, vacancy, mortgage payments, and professional management. If the remaining income no longer justifies the expense and stress, selling deserves serious consideration. I would generally favor a competitively priced public listing for broader buyer exposure. You can still sell as is and have a local agent coordinate the process from Virginia. An off market offer may offer convenience, but compare its net proceeds and terms with a realistic listing estimate before accepting. Have the agent review your lease and HOA requirements, and ask your CPA to estimate capital gains and depreciation related taxes so you know what you would actually walk away with.