San Diego - Thrown Into the Deep End

[Gregg P.]

Due to the unexpected passing of my brother this year and a mother with dementia, the management of the family investment properties is now suddenly in my hands. There is no one else. I have some knowledge of basics in real estate investing, having helped with a couple of 1031 exchanges over the years, and dealing w/residential rentals, but still have a lot a lot a lot to learn, especially about commercial.  

We have 3 main investment properties. A multi-tenant in Indio, CA (5 doors), a retail franchise tenant in Laredo TX, and a Dollar General in North Carolina. The lease on the Dollar General will expire in ~6 months, and it looks like they will be leaving to build a new store. This is my biggest headache right now. The area is very rural. I'm sure many of you have heard this story before. The $4k / month rent will be missed, but it's not catastrophic. I am not optimistic about what the property will be worth though, sale or lease, once DG is gone.  

Anyway, thank you all for sharing your expertise on Bigger Pockets. I am trying to soak up as much as I can as fast as I can. 

Gregg

[John D.]

@Gregg P. If I can help with the Indio property let me know, I live 20 minutes from there, own properties in Indio, and have good contacts with tradesman and contractors.