RealEstateJournal | Building Owner Sells Rental To Focus on Short-Term Buys
RealEstateJournal Building Owner Sells Rental To Focus on Short-Term Buys
The pitfalls: Responding to tenant concerns and building maintenance issues has been time consuming, says Mr. Verbeck, who lives 45 minutes by car from Denver. He says he's realized that he prefers buying and reselling properties to managing a rental property. He would prefer to not have his money tied up in a mortgage, he says, and would like to take the proceeds from the sale of this investment and use them for land development or other projects. "I'm more interested in using my skills as an architect than as a property manager," he says.
The pitfalls: Responding to tenant concerns and building maintenance issues has been time consuming, says Mr. Verbeck, who lives 45 minutes by car from Denver. He says he's realized that he prefers buying and reselling properties to managing a rental property. He would prefer to not have his money tied up in a mortgage, he says, and would like to take the proceeds from the sale of this investment and use them for land development or other projects. "I'm more interested in using my skills as an architect than as a property manager," he says.
posted by Patrick Leblanc at 11:47 AM
<< Home