Why He Sold All Of His Rentals With Ron Faraci (Ep 556)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 13 January 2026

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ron took an unconventional path to financial freedom. He was living a comfortable life in California when he realized his money would go a whole lot farther if he bought rentals somewhere else. So he packed up, moved across the country to Connecticut, and got to work building a rental portfolio from the ground up.

Over the next several years, he bought properties, self-managed tenants, handled maintenance, and slowly created the income stream he needed .But after plenty of tenant phone calls, turnovers, and years of being on duty 24/7, Ron felt the tug for something different. He was ready to step away from full-time landlord life and enjoy the freedom he’d earned.

On this episode, Ron shares how he knew it was truly time to sell, and how he pulled it off without scaring tenants into leaving. He walks us through the logistics of marketing properties quietly, and dealing with a giant tax bill from both appreciation gains and depreciation recapture.

We also dig into what comes next. Ron explains how he’s covering his living expenses today, the systems he has in place to keep his money working for him, and whether he ever worries about running out of money now that rent checks aren’t rolling in every month.

https://rentalincomepodcast.com/episode556

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Transcript

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0:00.0	inspiring interviews with today's top landlords this is the rental income podcast and now dan lane a lot of
0:10.2	investors are working on building up enough cash flow to be able to leave their job and support themselves
0:16.4	off rental income ron you got there and then recently you changed course. What happened?
0:24.4	Well, you know, kind of life happened, right? So as I, my wife and I got a little up there in the
0:28.8	years, we'll be 59 in a few months. And, and, you know, that's just a life arc, right? So you're in
0:35.0	growth mode while you're younger, acquire, build, grow,
0:39.7	replace your job income, manage. And then as you get older, the next stage of life, you know,
0:45.2	sort of happened to us. And we just wanted to kind of divest. On the podcast today, I want to figure
0:49.7	out how Ron knew it was time for him to cash out and sell his properties.
0:59.8	And what he's doing to support himself today, Ron's been living off rental income for a long time.
1:05.5	And now that he sold his properties and doesn't have that income, I want to see how he's supporting himself. And what happens if he runs out of money? Is that a concern that he has?
1:11.6	I also want to walk through the actual process of selling his properties
1:15.3	and just kind of figure out his mindset for doing this.
1:19.7	Joining us on the show today from St. Augustine, Florida is Ron Farachi.
1:24.7	We'll take a quick break to thank our sponsors.
1:27.0	We'll come right back and we'll talk to Ron.
1:29.5	Are you thinking about investing in rental properties, but maybe you don't know where to start?
1:34.7	My friends at Mid-South homebuyers make it simple. For over 23 years, they've been selling
1:41.0	fully renovated turnkey rental properties in Memphis and Little Rock.
1:46.0	We're talking new roofs, plumbing, electric kitchens, bathrooms.
1:50.4	Everything is brand new and done right. And here's the best part. Every property comes with a well
1:56.7	qualified tenant in place before you close. That means you get cash flow from day one.
	...

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