Are you a burned-out landlord?
Typically, when we are younger we are more interested in appreciation and growth from our real estate investments. We invest in property that requires more oversight, active involvement, sweat equity, and management hassles. In our effort to increase our net worth we are willing to put up with delinquent tenants, high turnover, leaky faucets and clogged toilets, repairs, maintenance, and upkeep. Eventually, many of us become a burned-out landlord? Whether it’s a single-family residence (SFR), duplex, or other multi-family property, there’s a simpler solution to consistent monthly income.
Hassle-Free Alternatives to Residential Rental Properties
As we age and approach or reach retirement age, the emphasis shifts away from growth to preservation of principal, and away from hassles and oversight to management free properties that generate a secure monthly income.
Since 1997, 1031 Exchange Place has helped our valued clients invest in properties that provide secure income without the headaches. These properties are investment-grade commercial properties with Fortune 500 tenants. With little as $100,000.00 exchangors can move from their rental property to a fully managed, headache-free property with a long-term, corporately guaranteed lease with a tenant like Walgreens, CVS, Dollar General or O’Reilly Auto.
You can have a Fortune 500 company as your tenant and have your rent directly deposited into your checking account. Net-lease properties typically have long0term leases that range for 5 to 20 years, with the tenant paying the operating expenses: property tax, utilities, repair and maintenance, snow removal, landscaping, and insurance premium.
Contact us below to learn more!