Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Sell or keep rental Property?
And he has to pay for it every home repair and every month the property sets empty.  His loss each month is not $250, but probably closer to $500.  In generally you need to clear at least $200 ABOVE PTI (principle, taxes and interest) to cover repair and the like to property. From your post, it sounds like your dad was forced into the land-lord business by the recession.  Unless he plans to hold the property until its rental value has increased by $500 a month, he should consider selling it and writing-off the loss.  Losing money bit by bit on a house isn't a tax write-off event.  Selling a property for less than you bought it for generally is. FYI, I got the $500/month loss by assuming that repairs/emptiness/etc will cost you about $200 a month, and added $50 for your dad's time managing the property.