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Ask Dave

Keep Rentals Properties?

Debbie has two rental properties that are losing her $100 a month, but the real problem is that her marriage seems more like a business deal.

QUESTION: Debbie just started making $64,000 a year and has two rental properties that lose $100 a month. She owes $118,000 on her house and splits the bills with her husband. Should they hold onto the properties?

ANSWER: You should sell the rentals properties because it doesn't sound like you're in a situation over your head.  Something to keep in mind though is what the real problem is here.  Splitting bills with your husband?  Your marriage sounds more like a business deal rather than a lifelong partnership. I would look for a marriage counselor in your area.