When searching for your investment property, you likely reviewed the numbers. However, these numbers reflected the existing property management’s commitment to their job. If you took on the landlord role and haven’t seen the same results, it may help to figure out where you’re going wrong. So read on as we explore five things that will make you a bad landlord in Newark.
Burnout
Are you a landlord in Newark experiencing burnout? It’s not uncommon to feel burned out from property management, but it can have a negative impact on your business. If you’re struggling to care about your property or tenants anymore, it may be time to consider selling your investment. At Unlimited Real Estate Solutions, we understand the challenges of being a landlord. We’ll work with you to find the best solution for your situation and help you get the most out of your investment.
Screening
Finding the best location in Newark for your investment property isn’t enough to make your investment business successful. The monthly cash flow you’ll be counting on in retirement comes from the tenants you place today and hereafter. Your screening process or lack thereof is the determining factor in the outcome. If you don’t have a comprehensive system that you follow, in addition to an in-person interview and checking every reference to get a feel for potential tenants, these things will make you a bad landlord in Newark. Dealing with bad tenants can be a nightmare. The professinal home buyers at Unlimited Real Estate Solutions have the knowhow and experience to take your headache tenants off of your hands.
Time
As life evolves, priorities shift and demands on our time change; if things are different and you don’t have the time to manage the property any longer, this situation could become costly and ultimately make you a bad landlord in Newark. Not only are you likely to lose any good tenants, but when you aren’t responding to their needs, this puts your property at risk. What could have been stopped at a small leak could turn into torrential flooding in the units because tenants had learned you, as the landlord, would not act when they reached out. With a direct sale to a professional home buyer like those at Unlimited Real Estate Solutions, you’ll have a guaranteed closing date, often within a few days, and your time will be your own again.
Finances
A financially devastating event is another thing that will make you a bad landlord in Newark. Given the laws that govern rentals, in addition to your contractual commitments, an event that makes it impossible for you to handle necessary repairs will quickly escalate into a variety of costly headaches, including vacancies, which will only exacerbate your lack of funds. We’ll buy your property as-is for cash with a direct sale to a professional home buyer like those at Unlimited Real Estate Solutions; you won’t need to worry about repairs.
At Unlimited Real Estate Solutions, our professional home buyers are local professional investors who are seasoned landlords and completely understand the things that will make you a bad landlord in Newark. Let us make you an offer you will agree is fair for your investment property and relieve yourself of the stress. At Unlimited Real Estate Solutions, the process is quick, easy, and painless, our contracts are simple, and nothing is hidden, you pay no commissions, no closing costs, and no hidden fees. Call Unlimited Real Estate Solutions at 484-286-5595.