When I bought an apartment building in Jacksonville, Florida, I thought it would be a nice way to generate a yearly income.
After taking ownership of the building, I made considerable improvements.
I replaced light fixtures, upgraded the windows plus painted the exterior of the building. I spent some time plus effort beautifying the sods plus gardens, trimming shrubs plus hauling away debris. Instead of being appreciative, the renters began calling me with complaints. I acquired many calls a afternoon. They wanted new appliances, were unhappy with water pressure plus had complications with the drains, a/cs, gutters plus even the light switches. Plus, many of the renters reviewed to allow access to the Heating plus A/C serviceman I hired. I invested into a repair plan plus was still required to pay, even though the repair was not completed. Because the renters were not diligent about picking up plus getting rid of garbage, there were troubles with cockroaches plus rats. I ended up paying for pest control. The stress of owning the apartment building was affecting my everyday life. I was spending more on repairs than I was taking in. There were also complications with renters not paying their rent on time. Initially, I tried listing the building with a real estate agent. However, the renters were uncooperative. It was impossible to schedule showings. There were also complications with the home inspection. There was no way I was willing to put more time or money into the property. I simply wanted to be rid of it as abruptly as possible. Eventually, I contacted a money home buyer. I chose a company local to Jacksonville that is family-owned plus has been around for quite a few years. Their experience plus knowledge proved inextravagant. The closing process was handled smoothly plus without delays.
