Are You a Weary Landlord?
SELL YOUR HOUSE FAST.
Owning investment property can cause lots of stress, worry and money. There are constant repairs, maintenance and wondering each month if the rent will be paid on time, if at all.
Being a landlord could cause you to lose money to maintain the property. Most landlords expect to pay for minor repairs, landscaping, and other consistent home maintenance. However, it's those unexpected expenses that can damper your profit margin.
Replacing faulty appliances or repairing a leaky roof can create a negative cash flow.
Occasional but major expenses are part of being a landlord. But the associated costs are often much higher than initially anticipated. Not comfortable with the possibility of losing money on your rental property? Selling the property may be your best option.
Many rental property owners seek the services of third parties to manage their properties. This is done for many reasons, from saving time spent on answering tenants’ calls to hiring contractors to fix basic issues. But hiring property management companies can be a more costly and unsatisfying solution to conflicts.
If you hire a property management company, they are an added expense, further subtracting from your potential profit. They are most likely managing other properties along with your own and can't give it their full attention.
I once noticed a vacant house where squatters had moved in. They drew attention to themselves by being disruptive to the neighbor with crowds of teens often hanging out in front of the property. I researched and found the owner and gave him a call. He was totally shocked as the property was being managed by a property management company. The previous tenants had moved out but they had allowed too much time to pass before renting the property again. He sold the property soon after.
The expenses don’t end with monthly management fees and squatters, however.
Bad tenants steal appliances or furniture and can even do irreparable damage to your property! The damage done can transform your home into an undesirable fixer-upper. When this keeps happening with tenant after tenant, over time you'll be tired of being a landlord in no time.
These bad tenants also don't pay their rent on time or don't pay at all...sometimes for months, even years and refuse to leave outside of a court order. Your heart is touched and you want to help when they can't pay their rent but there comes a time when the consequences of you not receiving rent outweighs the personal problems a tenant is having.
For those whose rental payments are attached to making mortgage payments, does your house go into foreclosure because of the financial difficulties your tenant is having? And sometimes there's no financial difficulty at all...they're just bold enough to live in your property rent free.
In the end you realize that for you, what you thought was a great way to make some extra money wasn't such a sound or lucrative decision after all. So what do you do when you're tired of being a landlord?
Glory Properties LLC can help.
Sell your house fast today. You don't have to worry about costly repairs or updates and you don't even need to clean anything. Because we are investors, there are no agent commissions or fees. Your home will be sold quickly and with cash. No waiting for applicants to be approved by the bank.
Give us a call today at (215) 259-8428 or fill out the Short Seller Form. We look forward to talking to you soon.
Turn your worries into cash.
You take one step - we'll do the rest.
