When purchasing a multifamily property, it is important to realize that some tenants may cost you more than they are worth. Maybe you have dealt with high maintenance tenants who have called you at midnight complaining that their faucet leaks or their oven wont turn on. As you know, these kind of tenants cause a lot of headache and waste your precious time and money. These are not the kind of tenants you want living in your investment property.
Unless you have previous investment property experience, those kind of incidents may have come as a nasty surprise. And by now, you may be tired of dealing with them.
If this sounds like you, you are in luck. We at Andrew Arroyo have a great team of investor buyers who would be happy to take the burden of your hands and free up your time.
Since interest rates are down and occupancy rates are up, there are numerous investors out there looking for properties just like yours.
So, if you are tired of the hassle, give us a call. We will be glad to meet with you and let you know what your multifamily property is worth in today's market. Then, you can make an informed decision about the best use of your time and equity.
P.S. Yes, there really are investors who know all about the problems in rental management – and still want to purchase more multifamily housing.