I’d say live in it or sell it. Sure, you may have to pay taxes on that money you make, but it’s money you wouldn’t have had otherwise (that, and you would have to pay property tax if you held onto it). I don’t see why the concern about taxes would push you into being a landlord.
It would be really unfortunate for me to sell the apartment financially, due to local regulations and having bought and sold real estate recently (sold our cottage and moved in with parents) so I’d rather hold onto it for now. We’re talking about money that wouldn’t get me a year’s worth of rent in another country, so nothing fancy but i want to make smart decisions and just having a big sum of money sitting in the bank is not that. I’d rather rent it to a company (the local factory has lots of foreign workers and they pay for their rent)
I’d say live in it or sell it. Sure, you may have to pay taxes on that money you make, but it’s money you wouldn’t have had otherwise (that, and you would have to pay property tax if you held onto it). I don’t see why the concern about taxes would push you into being a landlord.
It would be really unfortunate for me to sell the apartment financially, due to local regulations and having bought and sold real estate recently (sold our cottage and moved in with parents) so I’d rather hold onto it for now. We’re talking about money that wouldn’t get me a year’s worth of rent in another country, so nothing fancy but i want to make smart decisions and just having a big sum of money sitting in the bank is not that. I’d rather rent it to a company (the local factory has lots of foreign workers and they pay for their rent)