Being a landlord isn’t everything it’s cracked up to be…
It seemed like such a good idea at first — you’d own one additional property, manage tenants, and make some extra cash every month.
But then it became EXTREMELY DIFFICULT to find trustworthy tenants… repairs got out of hand… and let’s not even get started on the yard work.
It’s frustrating and exhausting…
Fortunately, you are NOT out of options. Here are some things to consider…
Interview ALL Potential Tenants
If you want to keep your property, fix it up, and rent it out, we highly recommend creating an interview process to vet ALL potential tenants. Don’t take people at face value and don’t say “yes” out of desperation. Require proof of good credit and at least one good letter of recommendation. Also check out cozy.co, we have used this in the past to run background checks and run credit checks on potential tenants. It requires the potential tenant to go on and fill out the information.
Hire a Property Management Company
If you don’t want to manage the property yourself but you still want to own it and potentially make a little money every month, consider hiring a trustworthy property management company. The downside is that doing this will cut into your monthly profit. The upside is that a good property management company will handle repairs, finding tenants, and lots of other things.
Sell To a Professional Home Buyer
Maybe you’re all together ready to quit being a landlord; we totally understand. If that’s the case, give us a call (805) 257-5780. We buy houses fast for cash (we can close within just a few weeks) and we can even evict your tenants for you if you want to avoid doing that. Let’s chat!