Thinking of selling your investment property?

By
Managing Real Estate Broker with Full Circle Property Management

Selling perhaps? Let's hope not! Its usually a bad idea to sell an investment property, what with the depreciation recapture, the low appreciation rate of investment real estate, the vultures (investors) waiting to get your property at a low price, the hassle of showing occupied rental property.

 

So the question I have is why? A well managed, well cared for rental property is like a retirement program, cash out with little issue, and can last for generations. Keep it till the end, make monthly withdrawals, and let it be someone's inheritance!

What's that you say? Its not running well? Well-that may not be a property issue but a manager issue! Hire an effective property manager and let them run it. Already have a manager? meet with them, game plan it, and if they are not performing switch them out.

So hold your manager accountable, follow their advice, and don't sell the property when its the best retirement strategy around!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Groups:
Property Management
Tags:
property managers
rental homes
property management ohio
investment property ohio

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
312,265
Muhammad Mushtaq
Weichert, Realtors® - SBA Group - Fall River, MA
Broker/Realtor

Dennis, your advice is well worth as long this property is in a moderate/progressive income area.

Aug 13, 2016 10:26 PM #1
Rainmaker
2,854,265
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

There are reasons....we have two right now...Divorce of course....and retirement.  

Aug 13, 2016 10:27 PM #2
Rainmaker
1,737,679
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I just Sold one this week ! The HOA kept roughing up my tenants and chasing them away (w/ fines).

Aug 13, 2016 11:20 PM #3
Ambassador
3,419,657
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Dennis- if you have investment property, it does help to have someone who knows what they're doing manage it for you. 

Aug 14, 2016 02:00 AM #4
Rainmaker
4,423,676
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Dennis.  This makes great sense for investors that need a solid property manager.

Aug 14, 2016 08:33 PM #5
Rainmaker
4,757,406
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is good advice to share with real estate investors.

Have a most productive month.

Sep 07, 2016 03:12 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
206,632

Dennis Swartz

MBA, GRI...experience counts!
Ask me a question
*
*
*
*
Spam prevention