Reasons to Sell Your Texas Rental Property?

[Steve Rozenberg]

Whenever it came time to sell your rental property, what reasons would you say most contributed to that decision?

[James Call]

@Steve Rozenberg,

What has impacted us is when someone makes us "an offer we can't refuse" on a property we own.  :)

I have also seen a lot of people move to a different area and they don't want to be stuck with owning/managing a property in a far away city. They sell. 

I would say that, and wanting the cash out of one deal to roll into another deal are the two biggest ones we see.

Thanks,
James

[Caleb Heimsoth]

Property taxes, lots of appreciation or persistent flooding comes to mind

[Steve Rozenberg]

@James Call I personally have had several “mistake” homes that I actually came to the table at closing just to make it no longer my problem. Takes all kinds

[Mark Sewell]

Cannot speak for myself but I can speak for my (former) neighbor -- bad tenants.  Not one set, but two in a row.  She was super fortunate that she was able to sell before the bank took it.

[John Vo]

Two reasons come to mind:

1) As a last resort after exploring a 1031 exchange, I would sell to get the cash to finance other deals.

2) Retire to go traveling and don't want to deal with the tenants and bills.  

[Mark Sewell]

@Steve Rozenberg I wonder are you referring to any house in particular?  I just noticed one house just came on the market about 10 doors down from the flip that I did in 77082, and the realtor listing it is apparently working for your company in your signature.  Maybe this was one of your rentals?

[Steve Rozenberg]

@Mark Sewell

Could be. I have a full brokerage of agents and mange close to 1000 rental properties. We have a lot of owners that buy and sell investments for various reasons. Some known an some not to me