At one time, I believed that owning rental properties would provide a nice income.
I had hopes of retiring and living on the monthly rents.
I invested into multiple rental properties throughout Jacksonville, Florida. Some included multiple units while others were single-family homes. From landscaping and curb appeal to paint and new appliances, I made a concentrated effort to improve the properties. I had new HVAC units installed, replaced cupboards, fixed leaky windows and even invested into a brand new roof. Although I was very selective about finding tenants, being a landlord was absolutely awful. My tenants called me constantly. They had endless demands and complaints. They had unreasonable expectations. While they were late with their rent and couldn’t be bothered with upkeep, they wanted new light fixtures, security systems, extensions on the rent and all sorts of amenities. After about ten years, I was looking to unload all of my properties. I was unwilling to spend all sorts of time, effort and money on making them marketable. Dealing with the tenants to schedule open-houses and walk-throughs wasn’t an option. I didn’t want the tenants alerted that I was selling. This made home inspections impossible. My goal was to walk away from the properties as quickly, cheaply and stress-free as possible. I searched around online, read lots of reviews and decided on a Jacksonville cash homebuyer. The company is family-owned and has been in business for quite a few years. They’ve built an impressive resume. I felt confident that I could sell all of my properties at once and close on them in under two weeks. The cash homebuyer accepted the rental properties in their current condition. There were no repairs required.