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Updated almost 8 years ago,
Lease generator-servicer strategy
I want to vet an idea:
I just finished my first re-hab on a BRRR property and the refinance is not going to get me enough money to do another deal. So, I thought of selling the property and remaining the property manager. Would investors be interested in purchasing a finished cash-flowing property with property management in place. The only example I can give for how it would work is my current home. I did the numbers right on the rental (at least its performing exceptionally well so far). I currently make about $100/month on the property plus the money I pay myself to manage it.
Is there a large value-add to investors to receive a property already running and would said person like keeping the previous owner as property manager? If the relationship goes well, I could use the sale money to purchase another property and run this deal again.
https://www.biggerpockets.com/calculators/shared/4...
Thoughts?