Tired of being a residential Landlord, but like the rental income?

Isn’t it great to receive that rental check on time every month and not have to lift a finger? You have the perfect tenant, never calls, maintains your property as if it’s their own and always sends the rent in on time every month like clock work. Your only job is to pay the property tax bill twice a year.

If that’s not your experience, and you are tired of the constant turn over of renters, the handyman request calls, handling neighbor complaints or collecting late rents, but you like the income and property value appreciation, perhaps you should consider a different type of property.

You can exchange your residential income property for a small retail property with a quality triple net lease tenant, such as Walgreens, MacDonald’s or a bank.

A triple net lease (NNN) means the tenant pays the property tax, insurance and building maintenance. All you do is receive the rent payments. A 1031 exchange means you defer your capital gains tax from selling your residential income property. All the proceeds from the sale can be used to purchase your new retail property.

If this sounds like something for you, give me a call for a no obligation consultation.