Selling my entire Jax rental property portfolio for cash

My aunt and uncle never ended up having kids. They amassed a ton of wealth and a bunch of properties in their lifetime. When they passed, all of those assets went to different members of the family. I received a bunch of properties in their hometown of Jax, FL. I don’t live in Jacksonville. I don’t even live in Florida. So while having a bunch of assets in my portfolio was nice, I wasn’t keen on how far away they were. I tried renting out different homes to make some money. The distance was always a problem. There were repairs, upkeep, and general questions that came up. I thought about hiring a property manager but they take so much money and it wasn’t worth the cost. I ended up selling all of the Florida properties for cash. I tried listing them on the market but it was taking months to close. Nobody was serious about buying. I was supposed to do a whole bunch of repairs and staging. The real estate agent was going to take a fee for the sale. Looking for a Jax, FL rental property buyer was a smart move. They did all the homes for cash which was great. A cash offer is ideal for someone that is looking for quick and easy. Maybe if I invested a bit of money and time I would have made more. I honestly didn’t want to do that. With such a large portfolio too, I would have been at it for years. This was a much smarter decision on my part.

 

 

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