We all have regrets in life. Some of us have real estate investment regrets. If you’re stuck with a rental property that’s weighing you down, you may find yourself wondering if you should just cut your losses and move on. Maybe you want to stick it out and hope for things to get better down the line. There are several options to weigh if you’ve found yourself at a crossroads with a property you own.

At the same time, understanding the big picture is just as important and learning that fluctuations in the way a property performs and the way a property fits into your portfolio are important too.  A down year is not always a reason to let a property go.  It takes careful and thoughtful evaluation before deciding to let got of a long-term investment property.  

People pass by abandoned properties every day. You know the type: no one lives there, no one works there. Weeds take over, windows are broken or boarded up and everything falls into disrepair.  I am not talking about the run down parts of town either.  Every day real estate investors can look in many neighborhoods where the last thing you would expect to find is an abandoned home and yet, right there in the middle of the block is a home with weeds three feet tall and pieces of colored paper taped inside the windows.  Those are the notices that the water has been turned off or that a management company has been contacted to look after the property.

You may not be all that excited about the start of 2014. A new year can bring new stresses, new worries and the complications of the unknown. It could be that you were good and comfortable with 2013, but 2014? You might not be ready to make friends with 2014, let alone embrace it.