Last year, I sold a rental dwelling in Jacksonville, Florida.
I had owned the dwelling for less than three years.
When I first made the purchase, I was happy about the opportunity. I planned on the rent covering the cost of the mortgage plus liked the idea of a steady yearly income. While I expected the occasional repair or update, I assumed the profit would outweigh the expenses. I underestimated the hassle of dealing with renters. After investing considerable time, labor plus money into the house, I took my time interviewing potential renters. Because I’d renovated the kitchen plus lavatorys, replaced windows, repainted plus installed new appliances plus light fixtures, I hoped for a renter who would take wonderful care of the place. I chose a lady with a young child who seemed honest, clean plus respectable. Shortly after she moved in, she started calling with complaints. She told me the drains were clogged. I went over there plus found hair, grease, tampons plus even a child’s toy clogging the drain. She complained that the dryer was taking too long to complete its cycle. I evaluated it out plus discovered that she’d never once cleaned the lint trap. I also couldn’t mow the sod because of the garbage plus toys scattered across the grass. There were bags of garbage stacked on the porch. The process to evict her was stressful, aggravating plus impossible. Even when she quit paying her rent, I couldn’t get rid of her. My solution was to sell the property. I obviously couldn’t list with a realtor plus deal with showings. Instead, I reached out to a money home buyer. I got an offer online plus closed on the dwelling within ten nights. I was relieved to be rid of the renter plus the property.
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