The rental house we owned will be closing soon for more than our asking price. Our realtor wasn’t sure we would even get our price when we listed it in mid Oct. We put 35K into updates into it. I’m not sure if we really had to or not, but at least we’re getting our money back. I just don’t know if we’d have made more/less/same in profit without the updates. It definitely needed some things done. The previous tenants had been there for years, only moving out because they bought their own place elsewhere.
The way prices have gone up I don’t know if we should have kept it longer, but we’re getting older and don’t really want to keep being landlords, so we’re not looking back. If the market remains good and other tenants leave we’ll be selling those too.