Tired of Being a Landlord?
Put an end to dealing with tenants and get cash for your house instead!
Owning investment property can be a major pain in the rear. There is work and maintenance and hiring unreliable property management companies not to mention dealing with bad tenants. Sometimes leasing out your rental home doesn’t turn out to be a good decision. So what do you do?
There are lots of reasons you might be tired of being a landlord. One of the biggest reasons includes the expenses to maintain your property. Usually landlords expect to pay for minor repairs, landscaping, and other consistent maintenance but unexpected expenses can quickly kill profit. Replacing appliances or fixing a leaky roof can create a negative cash flow.
Property Management Companies
Many rental property owners seek the services of third parties to manage their property for many reasons. From answering tenant calls to hiring contractors to make repairs, hiring property management companies can be more costly and unsatisfying than expected.
Property management companies are an added expense that take away from profit but expenses don’t end with monthly management fees. Property management groups are also known to overcharge for simple repairs. A leaky faucet can turn into a call to a plumber costing hundreds of dollars. A loose floorboard can cost thousands when the management company hires an outside contractor. Without knowing what to ask and look for, property management companies can take advantage of your hands-off approach.
Dealing with tenants is one of a landlord’s most burdensome duties. When hiring property management companies you trust them to deal with high-maintenance renters. Yet, property managers often don’t know what to do when tenants tear up your house.
Sometimes tolerating bad tenants can not be avoided. Sometimes to prevent loss, property management companies will fill a rental with the first tenant that applies. They’ll frequently forego an extensive background check. This can be an expensive error. Bad tenants can default on a lease or steal appliances or furniture. They might in fact cause irreparable damage to your property. The harm can transform your newly updated home into an undesirable fixer-upper. You’ll be burnt out on being a landlord in no time.
Property management companies can have competing priorities about handling your business. These management companies will be juggling many properties. They’ll often mishandle or neglect your property due to the volume of grievances. If they are not a 24-hours group, your tenants will be neglected afterhours. Then tenants call you with emergencies. Be prepared for calls in the middle of the night.
Selling with a Real Estate Agent
Property management companies can be an expensive, unreliable option to maintaining your rental property. Selling your home might be your best option when you’re tired of being a landlord. Most sellers consider using a realtor when selling their property. But, many real estate agents have a hard time selling a house with tenants.
Some realtors have trouble complying with tenant-landlord laws. Most states give the tenant the right of first refusal (ROFR). The ROFR is a contractual right. It allows the tenant to sue a landlord if not given the offer to buy before selling the rental property. If an agent ignores the ROFR, you could be in major legal trouble. You could end up spending thousands in legal fees before selling.
Agents also must be mindful of a current tenant’s right to refuse showings. Showing a home to potential buyers is key to selling residential property. If the tenant is unwilling to show or unable to keep the property in showroom condition, you may lose out on a sale.
Michele Lemer from Bankrate.com warns of this. “Many real estate agents are reluctant to show buyers a tenant-occupied home. They expect resistance to allowing visitors into the property. They assume the condition will be less than optimal.”
It’s true. Some tenants can be uncooperative and downright hostile during the selling process. Others refuse to pay the last month’s rent before closing. Before hiring an agent to assist in selling a house with tenants, take your time. Decide whether they’re worth the headache and money it costs to sell a tenant-occupied property.
Selling to a House Buying Company
If selling your property is the best option when you’re tired of being a landlord, how do you sell your house most efficiently with tenants? In many circumstances, selling to a house buying company is the best option.. Utilize the offers made by a house buying company. It’ll often give you the simplest and least stressful solution to many property problems.
You needn’t stress over the legalities of how to evict tenants living in your current rental property. You’re able to sell to a house buying company without evicting tenants. Rid yourself of bad tenants and costly property management fees in a quick, easy sale without using an agent. House buying companies buy homes as-is, even those in poor condition due to disrespectful tenants.
You don’t have to worry about selling a house with a valid lease agreement when selling to a house buying company! House buying companies have the expertise to handle even the stickiest lease agreements. They allow you to close quicker and move on to better investment opportunities.
Selling to a house buying agent also ensures your tenants will have a hassle-free transition from seller to buyer. This is especially great if you’re related to the existing tenants, a common occurrence for landlords.
House buying agents allow you to sell your rental property without worrying about tenants. Neither do you have to worry about repairs, additional fees, or leasing agreements. If you’re tired of being a landlord, selling to a house buying agent is a dream come true.
Sell Your House to a Cash Home Buying Company
Another option is to sell your home to a cash house buying company. You won’t have to worry about any repairs. You save thousands on agent commission costs. You can also receive a no-obligation cash offer in just 24 hours.
We give you a cash offer within one day and you can close whenever works best for you. You can have your San Antonio house sold in a week!
If you need to sell your house fast and would like to get a no-obligation cash offer, call us now at 210-348-3681. Whether you decide to sell your house to us or not, we would like to help answer questions you might have about the process.
Get a Cash Offer Within 24 Hours
Lucky for you, we buy houses fast.
Our customers comment all the time about our soft approach. You won’t get a hard sell with us. If you are not completely satisfied with the offer we make to buy your house, you don’t have to accept it. No charge. No fees.
We’d love to talk to you today about the house and your situation. We’re here to help even if you decide not to sell your house.
Give us a call at 210-348-3681 or fill out the form below to get started. We look forward to talking with you.
FILL OUT THE FORM TO GET STARTED