Need a Quick Sale with No Drama

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The Situation

A seller contacted us about selling her single family rental property. Her business partner had health issues and the tenant’s lease would be up less than 30 days. The sellers did not want a vacancy nor to feed the property any capital while it was vacant.

The tenants had notified the owner that they were going to be buying their first home and would not be renewing their lease.

The seller asked us to sell the property quickly and obtain for them the highest sales price. They stressed that they did not want to have the property sit on the market for months and months.

The property was a professionally managed 3 bedroom, 2 bath home that had recently been updated. It could have made a great starter home or a good investment opportunity.

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Our Approach

This property was substantially under rented so I felt that it would make a great investment property. The current tenants were paying $1,025 but the property next door (with the same floor plan) was renting for $1,200 per month. The tenants had taken very good care of the property, and it would not be difficult to re-rent the property when they moved out.

I presented the property to an investor I knew who owned a number of duplexes in the area. He walked through and agreed with my analysis that it would make a good investment, and it was under rented. He wrote an all-cash offer that closed in four days.

The Seller was relieved by the smooth transaction, lack of drama, and the fact that her partner could now focus on her health and not worry about an upcoming vacancy.[/vc_column_text][/vc_column][/vc_row]

Time To Sell off Part of My Portfolio

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The Situation

We assisted a seller in selling a three bedroom, one bath and a two bedroom, one bath duplex that had been well maintained and was in good condition. The property was in a nice, quiet cul-de-sac. Each side was fully equipped with newer appliances and included updates like newer paint, floor coverings, vinyl windows, and energy efficient front doors.

Our Approach

In discussions with the owner, we learned that owner had owned this property for a number of years and her CPA had advised that she could sell this property without having a substantial tax consequence.

The seller wanted to sell off parts of her portfolio and begin to transition her portfolio from multifamily and into triple net assets which require less work on the part of the owner.

We were able to negotiate a favorable sale for the owner. She sold this property within 98% of her original asking price and it closed in 50 days.
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I Need To Increase My Rate of Return

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The Situation

We assisted a seller in selling a two bedroom, one bath fourplex located in a predominately working-class neighborhood. The property was not producing the rate of return that the owner had originally hoped to receive when he bought the property five years earlier.

The owner struggled to keep good long term tenants in the property and had a hard time increasing rents on an annual basis without his tenants giving notice and moving. The property needed some interior updating and remodeling if the owner was going to pull a stronger quality of tenant and increase his rents.

Our Approach

We advised the owner that he should save his cash and put it into a future property that he would buy to replace this stream of income.

We sold the property in its as-is condition to a savvy investor who self manages property and was looking for a property that had upside potential for him to do his own updating and build sweat equity into the property.
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Get Me Out Of Tenants, Toilets, And Trash

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The Situation

We assisted a seller in selling a two bedroom, one bath duplex located in the highly desirable Hayden Bridge neighborhood. The long distance owner indicated that she needed to sell the property due to health conditions and personal cash shortage. This corner lot duplex was located in a predominately owner occupied neighborhood.

Our Approach

We knew the lot had a highly visible location. The Buyer saw the for sale sign one afternoon as they were driving by and we closed in 28 days. The sale allowed the seller to focus on her health and not have to deal with a long distance property.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]