Tired Of Being A Landlord?
Passive income sounds great in theory, but there is nothing passive about owning and managing rental properties. Investing in real estate and rental properties requires specific industry knowledge and familiarity with local markets. Without it, you could be throwing money away. Common problems we see every day include investors who purchased rental properties that weren’t properly repaired. The seller did what we call a “lipstick remodel.” They address the most obvious defects but leave the more costly repairs undone. These hidden defects can quickly erode profits and tip the risk-return scale out of balance.
Evicting difficult tenants can be harder and more costly than most people think. If you have to file an eviction with the courts and due process for eviction is required it could take a couple of months to remove a troubled tenant. That’s a time you are not making any money.
Managing day-to-day operations can also be a chore, especially if your rental property wasn’t properly repaired or if regular maintenance isn’t performed. Collecting rent and enforcing lease terms and conditions requires constant attention. There are management companies that will manage your rental property, the cost ranges between $750 to $1,500. Remember, you get what you pay for, and rental property management is no exception. Additionally, profit margins in property management are slim. Most have to manage a large portfolio to make a decent profit. How much personal attention do you think you’re one, two or three properties are going to get?
If you are tired of being a landlord and want to sell your rental property to a professional home buying company, then you owe it to yourself to consider Ittenbach Capital, LLC. Depending on the value of your rental and its current condition, we can provide a number of different solutions to help you get rid of that rental property fast. We can pay cash for your rental and close in two weeks or less. We can list and sell your rental property to our network of investors or on the open market through our own real estate brokerage firm, Ittenbach Realty. We even have joint venture options available to our clients.
Ready To Get Rid Of Your Troublesome Rental Property?
Contact us today for a fair, all-cash offer!