Rental market is up, which makes sense since so many people can't get a loan now that the lenders have tighten up the "rules". In most cases, you will make more money if you rent it yourself, but you have to deal with it. Check out what is available for the money on MLS or Craigslist and market yours competitvely. Write a lease or have an attorney do it for you. I can tell you that most property management companyies charge around 10% to get it rented for you, which adds up over the year. Also, talk with your accountant as the rent will be taxed.
Tierra Antigua Realty