Legal work doesn’t have to be painful, but your CPA and QI need to stay synced on how proceeds are tracked to preserve full deferral.It’s a great move if you want fewer headaches, more stable cash flow, and continued tax deferral.

Appreciate you sharing the playbook, lots of landlords could avoid painful lessons by understanding this shift.

If there are any stressors or pain points around these decisions, I would trust your gut.  

Hey there @Satya Surendra - I recently switched to a property management company for two of my South Side Chicago properties and I honestly feel your pain......but I believe the right property manager can save you money in the long run with the right preventive maintenance and tenant screening.I had to go through a cash for key situation and it took 6 months of to finally get a new tenant....I think that would have been avoided had I had the property manager at the time because I wasn't giving the property the attention it needed.If you have the time and bandwidth I suggest self managing

Just trying to get a handle on what others are doing and whether this pain is common or I’m just disorganized 😅 Good question Matthew!

Its definitely a pain to get to that point though. 

This month I'm in the process of closing down a business and migrating banks and OH MY LORD has it been a huge pain in the butt.

That said screening tenants has been a pain in the butt kinda.

That pain still hurts!

Or is there some tool out there that makes this comparison process less painful that I just haven't discovered yet?