Are there reasons to exchange other than tax advantages?

Yes, there are numerous reasons to consider property exchange beyond tax considerations. For instance, if property management becomes less appealing, you have the option to exchange your management-intensive property for one that is triple-net and requires minimal management. Alternatively, you could consolidate multiple smaller properties into one that can be professionally managed.

In situations where your current property is challenging to refinance, you might choose to exchange it for a new property that can be more easily refinanced. This opens up the possibility of extracting cash or exchanging to enhance cash flow.