Getting out of the Madison rental business
Madison landlords have a specific kind of exhaustion. The August fifteenth turnover, the wear that comes with student tenants, the inspection regime, the rising taxes, and units that need real capital work you stopped wanting to fund years ago.
Selling a tenant-occupied rental conventionally is awkward. Owner-occupant buyers want it empty and are put off by rental wear. Investor buyers exist but they will grind you on every deferred item. Meanwhile you cannot easily show the property around leases.
We buy the building with the leases attached. No turnover, no showings between tenants, no need to renovate a unit to make it presentable. Send the rent roll and we work from there.
