With San Francisco real estate picking up, I’m constantly asking myself what I should do with my condo. I’ve never had a problem renting it. I currently have a wonderful couple living in it now with a nearby resident throwing down some cash to house his BMW in my garage spot. That all sounds peachy, except when there are ants (I never had ants during the four years I lived there), plumbing problems, and most recently the breakdown of the clothes dryer. That’s all crap I need to deal with. The other owners have dealt with other issues like break-ins (yup we’ve had several break-ins into our common areas), lock issues, and the central buzzer system.
Sometimes I think I should sell it because there’s close to $100,000 of capital trapped in that place. If Dean and I needed to buy a place now, we could, but if we were able to boost our savings by an additional $100k, then we’d be golden.
After the current lease is up, I’m thinking of stripping the place, repainting it white, getting an interior designer to work some magic, and either selling it or marking up the rent. Just in time for the America’s Cup.