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Owning a rental property in Hondo was supposed to give you peace of mind and a steady check each month. But somewhere along the way, things changed. Maybe the late-night phone calls about broken AC units started wearing you down. Maybe your tenants stopped paying, or maybe you’re just tired of the long drives from out of town to deal with repairs. Whatever brought you here, you’re not alone — plenty of Medina County landlords are quietly reaching the same conclusion: it might be time to sell, and sell fast.

The good news is that selling a rental property in Hondo doesn’t have to mean months of showings, repairs, or fighting with tenants. There are faster, cleaner paths forward — you just need to know your options.

Tired Landlord? You’re in Good Company

Hondo has seen steady demand for rental homes, especially in established neighborhoods like the area around Hondo Municipal Airport, the older streets near downtown along Avenue M and 19th Street, and the family-friendly pockets close to Hondo High School. But being a landlord here isn’t always the passive income dream it was sold as.

Some of the most common reasons Hondo landlords decide to sell quickly include:

• Problem tenants — non-payment, property damage, or constant complaints
• Deferred maintenance — a roof, foundation, or plumbing issue you don’t want to fund
• Out-of-state ownership — managing from afar has become exhausting
• Inherited property — you didn’t choose to be a landlord in the first place
• Rising property taxes and insurance — eating into your monthly cash flow
• Wanting to retire or move equity into something simpler

If any of that sounds familiar, selling for cash — even with tenants still in place — can be a real relief.

What About Capital Gains and Texas Taxes?

Here’s some welcome news: Texas has no state income tax, which means you won’t owe state capital gains tax when you sell your Hondo rental. That’s a big advantage compared to landlords selling in California, New York, or other high-tax states.

However, federal capital gains tax still applies. If you’ve owned the property for more than a year, you’ll likely pay long-term capital gains rates (0%, 15%, or 20% depending on your income). You may also face depreciation recapture — taxed at up to 25% — on the depreciation you’ve claimed over the years. That part catches a lot of landlords off guard.

Before you sign anything, it’s worth a quick call to a CPA who understands rental property sales. A 30-minute conversation can save you thousands.

1031 Exchange: Trade Up Without the Tax Hit

If you love real estate as an investment but you’re just tired of this particular property, a 1031 exchange lets you roll your sale proceeds into another investment property and defer those capital gains taxes entirely. A few things to keep in mind:

• You must identify a replacement property within 45 days of closing
• You must close on the new property within 180 days
• The new property must be of equal or greater value
• You’ll need a qualified intermediary to hold the funds — you can’t touch the money yourself

Many Hondo landlords use a 1031 to move from a hands-on single-family rental into something easier, like a turnkey property in a larger market or a Delaware Statutory Trust. Cash buyers can actually make 1031 exchanges easier because of the fast, predictable closing timeline.

Selling With Tenants Still Living There

One of the biggest worries we hear from Hondo landlords is, “Do I have to evict my tenants first?” The answer is no — at least not when you sell to a cash buyer. Traditional buyers usually want a vacant home, which means giving notice, dealing with move-outs, and risking your property sitting empty.

A cash buyer can purchase the home occupied or vacant, with the lease intact. Under Texas law, existing leases generally transfer to the new owner, so your tenants can stay where they are and you can walk away from the headache. Whether your property is near the historic downtown square, out toward FM 462, or in one of the quieter residential pockets off Highway 90, the process works the same way.

If you’re ready to talk through your options — no pressure, no fees, no obligation — give our team at Blue & Gold Homes a call at (619) 480-0195. We’ll listen to your situation, look at your property, and put together a fair cash offer that works on your timeline, whether that’s two weeks or two months.

Frequently Asked Questions

Can I sell my Hondo rental property if my tenants have a long-term lease?

Yes, you absolutely can. In Texas, an existing lease typically transfers with the property to the new owner, so your tenants keep their rights and stay in the home. Cash buyers are usually comfortable taking on occupied properties because they often plan to continue renting. This means you don’t have to wait for the lease to end or push tenants out before selling.

How fast can I actually close on a cash sale in Hondo?

Most cash sales in the Hondo area can close in as little as 7 to 14 days, though we can also work with a longer timeline if you need it. The speed comes from skipping the mortgage approval, appraisal, and inspection contingencies that drag out traditional sales. If you need extra time for a 1031 exchange or to coordinate a move, that’s easy to build in.

Do I need to make repairs before selling my rental?

No, you don’t. Cash buyers purchase properties in as-is condition, which means you can leave behind broken appliances, worn carpet, foundation cracks, or anything else without spending a dime fixing it up. This is one of the biggest advantages for tired landlords who’ve been putting off maintenance. You also avoid the cost and stress of staging or cleaning before showings.

Will I get less money selling for cash versus listing with an agent?

The cash offer is usually below full retail market value, but once you factor in agent commissions (around 6%), closing costs, repair credits, holding costs, and months of mortgage and tax payments while the home sits, the net numbers are often closer than you’d think. Plus, you skip the uncertainty of buyer financing falling through. For many landlords, the speed, certainty, and zero hassle make the trade-off well worth it.