Owning a rental property is an excellent source of passive income. But being a landlord can be quite challenging at points. If you’re tired of being a landlord and you’re searching for a way out, you’ve probably thought: “I need to sell my house fast in Phoenix!”
Well, you’ve come to the right place. In this post, we’ll explain the signs that often indicate a person is through with being a landlord, and we’ll also discuss what you can do to ensure a quick rental property sale.
3 Signs That Indicate You’re Tired Of Being A Landlord
#1: You’re Frustrated With Complex Landlord-Tenant Laws
Being a landlord isn’t easy. You’ll need to comply with a range of state and federal landlord-tenant laws. Even if you break just one of these laws, your tenant could sue you for violating their rights. If you find staying up to date with these laws to be incredibly challenging and frustrating, then it’s time to consider selling your rental home in Phoenix.
#2: You Have Bad Tenants
In an ideal world, every renter would be the perfect tenant. They’d maintain the property and always pay their rent on time. Sadly, we don’t live in such a world, and almost all landlords deal with bad tenants who are frequently late on paying rent and often violating other clauses in the rental agreement. Unruly tenants are a pain, and they can tire out even the most patient of landlords.
#3: You’re Dealing With Financial Instability
Being a landlord is expensive. You have to shell out thousands of dollars on maintenance and upkeep. And these expenses will only become more expensive as the property ages. A range of issues can happen, including heating, plumbing, and electrical issues. These costs become a major hassle, especially when you’re dealing with financial instability.
In the end, what you expect to be a steady source of passive income could turn into an unexpected drain on your finances. Rather than deal with these reoccurring expenses, you should consider selling your property to a cash home buyer in Phoenix and be done with the challenges landlords face.
What Can A Tired Landlord Do Next?
If any of the three points above have resonated with you, perhaps it’s time to get rid of your rental property quickly. Here are a few different options to consider:
- Sell It On The Market Using A Real Estate Agent
This is the most time-consuming and expensive process. If you choose to sell your home via a realtor, you’ll have to spend thousands of dollars on repairing and renovating it to get it ready for the market. Then you’ll have to spend on marketing, realtor commissions, closing fees, and other expenses. That said, if time and money aren’t issues, you can sell this way and possibly reap a big profit from the sale.
- Sell Directly To Professional Real Estate Investors
If you choose to sell your home to a cash buyer or real estate investor, you can avoid repairs, renovations, showings, realtor commissions, and other hassles. Real estate investors make the process quick and easy. All you’ve got to do is connect with a cash home buyer in Phoenix, request a cash offer, and if you accept the offer you get you can sell within a month.
With a real estate investor, you don’t have to put in any effort to make repairs or renovate your home, as investors buy properties as is. So, if you’re tired of being a landlord and you’re looking for a quick way out, this is the better choice.
Choose Go Fast Offer When You Need A Trusted Cash Home Buyer In Phoenix
If you’re tired of being a landlord and you’re looking to get out of the rental business, Go Fast Offer will help you make the home-selling process hassle-free. With us, you don’t have to pay any fees or commissions. As soon as we assess your home, we’ll make a fair cash offer, and should you accept we can close in under a month. Contact us to get started!