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M6REASONS YOU MAY WANT TO
SELL THE INCOME PROPERTY
YOU LOVE...
BY JASON SALMON
Senior Vice President
Kay Properties and Investments, LLC
any investors recoil at the thought big chunk of your rental income. But imagine if of selling an investment property. you could continue investing in real estate while And they usually have a good eliminating all those hassles and costs. The good reason, whether it’s missing out news, you can. You may ask, how? By investing on future appreciation, having to fractionally in a carefully selected portfolio of income- pay a massive tax bill, or other producing investment real estate that you do not factors. However, it can often have to manage or have someone else manage for
make good sense to sell your property thanks to you. Instead, you can just relax and enjoy your
a real estate investment alternative that simplifies your life and lets you defer the taxes using a 1031 exchange. So, let us take a look at six reasons you may wish to consider when selling and reinvesting in this alternative.
REASON 1:
YOU’RE SICK AND TIRED OF ACTIVELY MANAGING YOUR INVESTMENT PROPERTY
Let us face it, managing real estate is often a “real” hassle. You have to keep your eye on the ball 24 hours a day, seven days a week. And dealing with tenants, stopped-up toilets, and trash just gets old after a while. Sometimes even the sound of a ringing phone can fill you with dread.
Sure, you can hire a property management company to handle many of the details, but they come with their own set of hassles and can cost you a
life while somebody else does all the worrying and deals with all the hassles. I’ll tell you more about the alternative that lets you do that in a moment, but first let’s look at the next reason.
REASON 2:
YOU CAN TAKE ADVANTAGE OF PASSIVE REAL ESTATE INVESTING FOR CONTINUED INCOME WITH NO NEED FOR MANAGEMENT RESPONSIBILITIES
When you invest in real estate the way I am about to show you, you will be a true passive investor. You quite literally will not have a single responsibility when it comes to managing your property, nor will you have to worry about any of the day-to-day hassles. There is now somebody else’s problem. And that means you will have more time and more energy for your family, your friends, and your hobbies. Better
Kay Properties and Investments, LLC is a national Delaware Statutory Trust (DST) investment firm with offices in Los Angeles, San Diego, San Francisco, Seattle, New York City and Washington DC. Kay Properties team members collectively have over 94 years of real estate experience, are licensed in all 50 states, and have participated in over $7 billion of DST real estate. Our clients have the ability to participate in private, exclusively available DST properties as well as those presented to the wider DST marketplace; with the exception of those that fail our due-diligence process. To learn more about Kay Properties please visit: www.kpi1031.com Call: 1-855-899-4597 or email: info@Kpi1031. com
APARTMENT MANAGEMENT MAGAZINE - SEPTEMBER 2021 CS-29