Ready to stop being a landlord? Sell one house or all of them.
There is usually one night that decides it. A call at eleven, a frozen pipe, a tenant who will not answer. If you are there, the exit can be simple.
Sell one house or all of them at once. Four or five properties can be priced as a group and closed on one date, instead of five closings over five months.
Nothing needs turning, cleaning or emptying. Tenants stay in place, and any problem tenant becomes our problem the day we close.
Ready to stop being a landlord
- One property or the whole portfolio
- One closing date instead of five
- Occupied, vacant, mid turn, mid eviction
- An honest read on what is worth keeping
No obligation, and no is a fine answer. Rather talk it through? Call (605) 496-3281.
About this situation
Questions we get on these.
I have five rentals. Do they all have to sell together?
No. All of them, some of them, or one. If it makes sense to keep a couple, we will tell you which.
One unit is mid eviction. Does that stop things?
No. An eviction in progress is a fact about the building, not a reason to walk.
What about capital gains and depreciation recapture?
A real cost that belongs in your decision, but a question for your CPA. We are not tax advisors.