Are You Tired of Being a Landlord? Ready to Sell Your Phoenix Rental Property?
Owning a rental property is a great and dependable way to make money. But to make the money you want as a landlord or property owner, you’ll have to put in some work.
It’s typically simple labor. But occasionally renting a property in Phoenix, Arizona, requires too much labor, time, and money. You start considering ways to get rid of it since it starts to become more of a burden than a benefit.
So how can you leave being a landlord behind and reclaim your life? by promoting your rental home? Selling it to a cash buyer like Doug Hopkins is only one of the options. It’s a simple fix, even if you already have tenants. Read on to find out how, or check out our reviews of Doug Hopkins.
Sell Your Phoenix House Fast for Cash
Issues a Landlord Might Experience
Although a rental property may appear to be a fantastic machine for passive income generation, there are risks involved. To maximize the benefits, it needs to be managed, maintained, and even upgraded. Then there are issues with renting out a house, which can occasionally be the deciding factor for landlords.
Need for Serious Repairs
No matter how high-quality the materials or robust the plans are, a house is not impervious to destruction. Your rental property may sustain damage as a result of constant exposure to the elements, human activity, extreme weather events, and natural disasters.
Naturally, you’ll need to do these repairs to ensure the safety of your renters and the legal compliance of the building.
However, there are situations when maintenance is not worthwhile. For instance, you could need more resources than you can reasonably commit to projects like complete roof replacements, new HVAC systems, and security upgrades. When this occurs, selling the property can be less troublesome than dealing with everything.
Issue tenants
It is difficult to ensure that someone will make a good renter, no matter how well you examine applications. Some of the undesirables will get through and wreak havoc on your business.
The worst tenants are the careless and disruptive ones because of their mischief, which necessitates ongoing maintenance and repairs. Some tenants annoy other residents by being too loud or uncooperative, which might lead to eviction.
Others then struggle to make ends meet or keep requesting extensions. Even though it’s understandable that they could be having difficulties right now, it can be challenging to keep up positive interactions with them. Selling the home might be simpler than handling the duties. All of these factors taken together could make you feel tired of the landlord’s job.
Unfinished Building
It is inconvenient to have unfinished construction on your rental property, whether you are adding more rooms or the building is still under construction. The entire structure as well as the tenants are put in danger because it exposes a significant portion of your property to the weather. Renters may also voice concerns about noise and activity on the property after construction is underway.
Unfinished construction also requires funding, which is a concern. You will have to pay money to finance the project if it’s a property you didn’t want in the first place (like an inheritance). The best option if you don’t want the inconvenience is to sell it.
Inadvertent landlords
Some people, as was already indicated, never had any intention of becoming landlords. Some people moved away from home after a significant life event, some inherited the property, and some moved on to new homes but were unable to sell their old ones. Renting a vacant home is a great method to make money, particularly if the mortgage is still due.
There is a lot to do, and it will rapidly become daunting. But not everyone has the time or the necessary abilities to be a good landlord. Tenants will have a lot of worries and requests, the property will need continual care, and candidates will need to be vetted. The property may also start to have a negative cash flow.
Property Management Firms You Can’t Trust
Even if you engage a property management company to run your rental property, mistakes and carelessness could still happen. Even though these companies are skilled at what they do, it is expected that they would make mistakes since they are responsible for managing multiple properties at once. If this occurs, you can have a lot of issues and work that is too much for you to handle alone.
On the other side, paying these experts would consume a sizeable portion of your revenue. As a result, you have the option to sell the house rather than work with property managers.
Is Selling Through an Agent Hard?
Working with a realtor or real estate agent is one option to sell your home. Though it might not always be successful. There are a few issues that are unique to renting out real estate. For instance:
- A realtor might be reluctant to show prospective purchasers a house that already has renters living there.
- They might believe the house isn’t in the best shape.
- Most of the time, lease arrangements remain unchanged even under new ownership, decreasing the appeal of the property.
- Consider other possibilities, such as selling your house to a cash buyer.
Why Sell to a Cash Buyer for Your Rental Property?
The benefits of selling your home to a cash buyer like us are listed below.
- We buy from you directly; no agency is necessary.
- We buy houses in any condition, whether they are in good or bad shape.
- We immediately pay in cash.
- We relieve you of the burden of managing tenants.
- Sell Doug Hopkins Your Rental Property
Sell your rental home quickly with us in Phoenix! In Phoenix, Arizona, as well as adjacent communities including Scottsdale, Gilbert, and Chandler, we acquire all kinds of homes.
We’ll buy them, whether they’re distressed rental properties and fixer-uppers or ones with termite damage and unstable foundations. Then, with our quick cash offers, you may get rid of the property and leave your troubles behind. Follow the steps below.
Get in touch: Contact us to get your offer! You can also fill out our contact form so we can gather more details about you.
Receive the offer: We’ll get back to you immediately and ask for further information about the property. Then, we’ll come over to appraise the home and make a cash offer.
Close on your time: No fees and no obligations. Please let us know your desired closing hour, and we’ll follow your schedule.
Reach Out to Us Today
Owning a rental property is not always for everyone. Sometimes, the difficulty of everyday operations, routine maintenance, and rowdy tenants cause more difficulties you don’t want to deal with.
So get rid of all the fuss by selling the property to a cash buyer like Doug Hopkins. Call us immediately for a free cash offer to sell my house fast!
Thanks for visiting US Map Time Zones