Tired of owning and managing a multi-family home or apartment building?
That’s understandable, and you aren’t alone
It’s been a crazy couple of years and we could all probably use a little peace and quiet from managing tenants
If you want to sell your apartment/multi-family property, feel free to give us a call at (859) 712-1020. We’ve been helping homeowners for quite a few years in Northern Kentucky — we can make you a fair cash offer and close in as little as two weeks.
Give us a call to learn more about our process.
If selling for cash isn’t the right option… but more peace and quiet in your life is a top priority, here are some things to consider trying…
Get a property management company — Good property management isn’t cheap, but it can free up your time, and reduce stress. Most management companies charge 10% of the gross rent amount you are receiving. They deal with the tenants, repair requests, and leasing. Although, they do charge you an entire months rent to get a unit newly rented. In addition, you will still have to pay for the repairs, you just wont have to take the calls.
Screen your tenants better — If your dealing with difficult tenants frequently, the problem could be you. Set minimum standards for your leasing criteria, and don’t compromise. Things to screen for are: credit score, income, employment verification, criminal records, and even checking out their social media profiles to see if they would be a good fit.
Consider Seller Financing — Seller financing is where you accept payments every month from a qualified buyer who knows how to manage the tenants and repairs better than you do. Most of the time you will receive A LOT more money selling this way instead of an outright cash purchase. Not to mention, you could save thousands on capital gains taxes by not having a huge chunk of money all at once,
Considering Seller Financing?
We would love to discuss making you an offer where you receive mailbox money every month without the hassle of managing tenants.
Give us a call today at 859-712-1020 to see what we can offer you!