This Is Why We Sold All Our Rental Properties

Many agents are tired of the rollercoaster ride that small multifamily took them on in 2023 - including us. The constant stress of dealing with high-risk ventures, the disappointing returns that didn't match the effort invested is a far cry from the passive income dream.   Managing these units demands constant effort, hardly constituting the 'passive income' dream. And let's not forget the lurking beast of deferred maintenance, ready to devour profits which is why we sold all our rental properties.   How do rental properties often fall short in delivering promised rewards? Is there a smarter way to invest our resources?   In this episode, I talk about the reasons why we sold our rental properties, how the risk is not worth the meager reward and why we don’t recommend buying them right now.   Do not allow 100% of your income to come from residential real estate. -Tom Cafarella   Three Things You’ll Learn In This Episode   -Swimming against the tide They say going against the status quo is smart, but can it tire us out in some situations?   -Individual case situations in rental properties Every case is different so how do we figure out what works for us?   -Risk vs. reward Is the risk in rental properties higher than the reward?