Probably best to sell it. If op tries to give it away, the other owners will just steal his capital and keep the rental going. Forcing a sale could put the property on the market where an owner/occupant would have a chance to buy it.
Perhaps give your portion to the renters? Or if it is a collection of tenants begin consulting with housing coops to maybe transfer ownership to the tenants? Or if neither of those are feasible, at least refund your portion of the income back to the tenants?
Techically my mom’s a landlord too bcs my grandma bought 2 apartments when they were dirt cheap and now we rent them bc the medical expenses for my grandma are enormous, I think renting an allartment or two (provided you ain’t an ass hole) isn’t as bad as being a landlord, and often proletarians that own houses are forced to rent parts of it to make ends meet
I accidentally just became a landlord. I was just given partial ownership of a rental property and I am not sure what to do, lol.
Give the property away.
Probably best to sell it. If op tries to give it away, the other owners will just steal his capital and keep the rental going. Forcing a sale could put the property on the market where an owner/occupant would have a chance to buy it.
Perhaps give your portion to the renters? Or if it is a collection of tenants begin consulting with housing coops to maybe transfer ownership to the tenants? Or if neither of those are feasible, at least refund your portion of the income back to the tenants?
Techically my mom’s a landlord too bcs my grandma bought 2 apartments when they were dirt cheap and now we rent them bc the medical expenses for my grandma are enormous, I think renting an allartment or two (provided you ain’t an ass hole) isn’t as bad as being a landlord, and often proletarians that own houses are forced to rent parts of it to make ends meet