I hate how much work there is with rental properties.
It never stops.
After reading the book Rich Dad, Poor Dad, I wanted to get into the rental game. I figured it would work out quite nicely. I would buy a bunch of Jax real estate, collect some side money, and eventually retire with that. Easy right? Well turns out I don’t have the right mind for rental properties. I hated all the upkeep and work there was. Renters were constantly calling me about issues. I had to plunge toilets, redo floors, mow lawns, and deal with craftsmen on a daily basis. There were always repairs that ended up being around what rent was. I was barely making ends meet. What is the point of this? I couldn’t even afford to hire a property manager with all the expense and work. So I ended up looking for someone to take my Florida rentals off my hands. It was a mess when I talked to a real estate agent. I needed to get rid of tenants. I needed to make repairs. I needed to stage the places. I ended up throwing in the towel and just contacting a northeast Florida real estate buyer. I wanted to sell my rental property quickly for cash. I wanted them gone and to never think about them again. A cash home buyer was really the way to go. You don’t have to do any work other than agree on a price tag. I was more than happy to get rid of my Jax rental properties for cash. Now I can try another investment avenue that is right for me.
