Tired Landlords: Ready To Sell Your Rental Property?
Being a landlord can be a great way to make money, diversify your investment portfolio, and meet new people. It can be a steady stream of passive income, but that doesn’t mean landlords get to sit back and collect rent checks without doing any work. There are a lot of responsibilities that come with being a competent landlord, and it can get exhausting. From tenant screening and rent collection to home repairs and taxes, landlord fatigue is a real issue. If you’re experiencing any of these signs of landlord fatigue, it could be time to sell your rental property:
You’re Not Making Money
The whole point of owning rental property and being a landlord is to make a profit. Most landlords are willing to put in the time and effort to maintain and manage a property if it is bringing them value. When it’s not, and the upkeep is costing more than you’re making, it may be time to sell your property. If your rental property is not bringing in revenue or causing financial strain, it’s time to sell.
You’re not enjoying it
Like any job, there will be parts of landlording that you like more than others. The phone calls in the middle of the night might not be your favorite, but the steady streams of income or the relationships you build with tenants may make it worth it. Maybe you’re tired of dealing with difficult tenants, or you don’t enjoy DIY home repairs but also don’t like paying a contractor to continuously take care of repairs. Maybe your landlord responsibilities are taking too much time away from your family or career. If you are starting to realize that being a landlord is more frustrating and exhausting than it is rewarding, it is time to sell.
You Need The Capital. Fast.
Life happens. Accidents happen. And when you need quick access to money, sometimes selling an investment property is the best way to do it. The great thing about investing in real estate is that you can sell at any time and use the money for something that you need. The traditional home sale process can be time-consuming, so if you need the money fast it may be best to go through a direct home buyer like Texas Home Buyers so you can have cash in hand in days, not months.
You want to invest in a different market
Maybe you’re not tired of being a landlord, but instead, you are ready to be a landlord in a different way. Maybe you’re ready to upgrade to commercial properties or multi-family properties. Maybe you want to buy property in a different city or state, or want to try your hand with a different property class. The beautiful thing about real estate investing is that it is flexible and there are many different ways to be successful. If you are currently landlording a property in Texas but want to expand your horizons, it’s time to sell.
Landlord fatigue is real, and regardless of why you’re considering selling your rental property, it is important to know that you have options. Texas Home Buyers buys homes for cash so you can move on to the next chapter of your life. We buy homes in all conditions and can give you a cash offer in just 24 hours! If you are looking to sell your rental property quickly and without having to spend time or money on repairs and marketing, contact us today!