Some investors lie to own an investment property for a while before they attempt to re-sell. The buy-and-hold strategy creates a rental stream of revenue income and allows a property to appreciate.
Waiting is only sometimes the best option; sometimes, you have to let the market guide you, and sometimes, this may mean selling sooner than later. Here are some of the instances where it would make sense to sell your rental property.
The property is no longer profitable.
The property needs extensive repairs.
You see changes in the housing market.
National housing trends are affecting your local housing market negatively.
There is an overall lag in the national economy.
The interest rates are rising and depressing property values in the surrounding area of your property.