Do you own a rental property in Philadelphia? Make sure you know the surprising truth of being a landlord in Philadelphia because it’s not always what you think it’s going to be…
Owning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the rental income while you manage the property… how hard could it be?
Problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord in Philadelphia: You give up your personal life – no more private time, no more vacations, no more weekend getaways… all because you’re so busy as a landlord.
Why would anyone in their right mind want to spend all of their free time managing a rental property in Philly instead of enjoying their own personal time doing whatever hobbies or activities they enjoy. Selling your rental to a local investment company can be a good option if you need to sell for fast cash and don’t have any more time to wait around for agents to list your home and show it to prospective buyers.
There’s the manual labor required
Owning a rental will keep you busy. There’s the work required to find the property, then to fix it up, then to find a tenant, then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it. That means: no more vacations, either, because what will happen if the toilet overflows while you’re in a different country?
If you aren’t going to perform the work yourself then you will have to outsource it to someone else in the neighborhood, a handyman or contractor. If you know someone in your family who is good at repairs then you may be able to contact them and ask them to live there while they repair some of the problems, but people aren’t always willing to agree to such notions so be cautious about who you approach with such an idea.
There’s the personal time invested
Some landlords try to own a rental property while they have another job but many discover that it’s just as time-consuming… it’s like having a second full-time job! Between chasing down your tenants to fixing things around the house, it’s one thing after another and you may simply not have time to work at your other job… and that’s with ONE rental property. Landlords who own two or more are even busier.
We can help you by purchasing your entire real estate portfolio of rental properties at once for cash, so please get in touch with us via call or text at (215) 882-9828 to speak with one of our live customer service reps who can provide you with a fair cash offer in less than five minutes.
There’s the amount of money
Rental properties aren’t cheap. Sure you get some rental income from the tenant but you also have to take care of the property, fix it up, make upgrades, and repair it if the tenants trash it when they leave. In other words, the costs add up and the financial rewards of owning a rental property may not be there for you.
If you don’t want to invest a lot of your own cash into the property to get it fixed back up and then resold on the open market then selling to a local Philadelphia investment company like Rapid Home Liquidation could be a good solution for you and your family.
Please get in touch with us directly via call or text at (215) 882-9828 to speak with one of our live customer service agents right away to find out how much cash you can get for your property in five minutes or less.
There’s the emotional trauma
When you add up all of those things so far, it equals STRESS! You’ve got so much to juggle with the rental property, and you worry about it constantly, and perhaps you even fear to open the mail because you may find bad news in the next envelope. That’s no way to live.
Why should you continue dealing with the daily stresses of managing and maintaining a property that you don’t even want to own in the first place?
You shouldn’t. This might be the time when you should look for an alternative solution. Why do you think you landed on this website in the first place?
Think. There are so many other methods for selling your house buy this one is definitely the fastest because investors can pay cash and close quickly without any delays or problematic experiences.
If you own a rental property and want to get rid of it, we can help. We buy properties (even frustrating rental properties that have damage or bad tenants you can’t get rid of). Can we make you an offer on yours?