San Diego Premier Property Management Recent Sales
This rental property was tenant occupied and sold with the tenants in place to minimize the loss of rental income for the owner. It was sold at full asking price in less then 45 days.
Downtown Rental Condo Sold $950,000
The owner of this rental property came to us after the property fell out of escrow with another company and was sitting vacant for almost 6 months. We put together an aggressive social media marketing plan and were able to lease up the property at a record rental rate for the building and 1 year later sell the property for a record sales price to a foreign investor for 98% of the asking price, All Cash Deal!
We proudly managed this property for 10 years. When the owner decided to sell, we suggested utilizing the 1031 Tax Exchange laws and helped them roll the proceeds into units in Florida. We negotiated the sale, circumventing a 100K request for repair price reduction due to foundation issues and sold the property for 97% of the asking price in less then 60 Days!
This rental property was an emotional and financial drain on the owner, month after month the owner had to feed the property in a negative cash flow situation. We negotiated with 2 major banks and after 6 months got the banks to agree to the short sale. We secured a cash buyer and even got the banks to pay the owner $10,000 as part of the negotiations!
Call 858-724-6304 Ext 3 or Email me today for a Free Comparative Market Analysis (CMA)