How Do I Sell My Rental House Fast in Tacoma, Washington
For many people, the idea of being a landlord is empowering and provides financial freedom. However, the reality is that being a landlord comes with numerous challenges. Landlords often must deal with bad tenants, property maintenance, operational costs, legal matters, shifts in the real estate market, taxes, and other problems almost every day.
It’s easy to see why you may be a tired landlord who is ready to retire. If so, you may decide to list your rental property on the market and get out for good. If you are like most landlords, you just want to unload the property as quickly as possible and walk away. Fortunately, there is a way to sell your rental house fast without listing it on the market. Let’s take a closer look below.
What is a Tired Landlord?
The definition is simple: a tired landlord is someone who no longer wants to deal with the hassle of owning and managing rental property. There are several reasons why a landlord wants to call it quits.
- Ongoing maintenance and repairs
- Bad tenants
- Legal issues
- Too much competition from other rentals
- Can’t fill a vacant rental house
- Ready to retire and move on
If you have been renting property for several years, you may decide that it’s time to retire and let go of the business. Regardless of your reason for getting out, the last thing you want to deal with is the hassle of trying to sell your house on the market. You may want to look for alternatives to a traditional rental house sale.
What About Property Management Companies?
Many landlords obtain the services of property management companies to manage their rental houses. However, hiring property management companies can be more costly and lead to more problems than taking the burden out of rental problems.
Property management companies are an added expense, further subtracting from your potential profit. You can lose a huge portion of profit when hiring a property management company. The expenses don’t end with management fees. Property management groups may overcharge for simple repairs. A leaky faucet can turn into a several-hundred-dollar call to a plumber. A loose floorboard can cost the landlord thousands when the management company hires an outside contractor.
Plus, when hiring a property management company, you trust them to deal with high-maintenance tenants. Yet, property management companies often don’t know what to do when tenants tear up your house. To prevent monetary loss, property management companies will fill a rental with the first tenant that applies. They’ll often forego an extensive background check. In the end, you need to ask yourself if a property management company will take away from or add to your stress as a landlord.
Benefits of Working with a Local Home Buyer in Tacoma, Washington
If you are considering listing your house on the market, you may want to work with a local home buyer here in Tacoma, Washington There are several benefits of selling your house for cash, including:
- You sell your house as-is with no need for repairs or renovations.
- A home buyer can give you a fair price at just under the market value of the home.
- You can close on the deal and get cash-in-hand in as little as 30 days.
- You pay no realtor commissions or closing costs.
- A home buyer can assume responsibility for the tenants right away.