Thinking of Selling Your Investment Property?

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!


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