Finally Done with Long distance landlording

[Abdul Azeez]

Folks - I am extremely happy to announce that the property I put on the market has sold for a good price. Over the last 5 years since I have held the property in Memphis, TN, I have had a series of disappointments dealing with property management companies and tenants. Finally a few months back I decided to call it quits and have now successfully sold the property after a rehab. Acquired - Jan 2017, Sold - Sep 2022. Acquired price - $83k, sold price - $200k. So I hope my weariness has paid off at this time and I am once and done with long distance land lording. Extremely happy to now move on with my life. Good luck to other folks that are doing this but this is not for me. A huge thanks to Kaizen realty for taking over property management from my previous property management company and also handling the sale of the property. Kaizen did a fantastic job. The other big name property management companies and realtors often referred here were a disappointment.

[Arsen Atanasovski]

It’s nice to hear the truth about RE, sometimes the podcasts send a fairytale message to invest in RE, not saying long distance is not good but if you have to go through 4-5 PMs and turn over , etc… your basically better off putting your money in so meme stock. And I know some will comment on this saying “yea but he bought it for $82,000 and sold it for $200,000 that’s not all profit and when you put in all the headaches this profit is worth nothing. The way I see it is the people on the podcasts get a lot of free advertisements when they do podcasts and say well if your not up to the game then do a podcast. But in reality I’m not in the business to make a podcast and be a host I have a life that consists of a family and job and etc…. One of the best posts I’ve seen on BP! Thank you for your post and telling the other ugly side of the story, I’m applauding you! Thanks