Having a rental income property is a great way to generate money if you have the time and desire to be a landlord. Some call this a passive income but honestly it is anything but passive. There can be a lot of work involved in managing and caring for a rental property. If you are ready to sell your rental property, spend a few minutes at www.phoenixhomebuyersgroup.com. This could make selling your property easier than you ever dreamed it could be.
Anyone who has managed a rental property or rental unit knows that it can be a challenge. Tenants who will avoid you at all costs when the rent is due are the same ones who simply can’t live another day with a small drip coming from the kitchen faucet. And making repairs is never easy when you are invading someone’s home and trying to work around their schedule. Then you have to deal with showing the units when they are empty to try to find new renters. It really is a lot of work for what turns out to be very little profit. But selling your rental property to a real estate investor means that you will finally see the fruits of your labor.
The biggest advantage to working with a real estate investor is that they are almost always making an all cash offer. This means that you don’t have to bother your tenants when an appraiser or an inspector wants to view the property. With no bank involved, there is no real need for that. The investor will know from the comps in the area the value of the property and will be able to make you an offer in a very timely manner. You won’t spend weeks waiting for an offer and weeks longer waiting to learn if the buyer was able to get funding.
Your renters will also be happy to learn that the property is being purchased by an investor and that they will probably not even notice much of a change. Many times when a building sells to an individual, the renters are forced to move out at the end of their current lease. But with another investor purchasing the property renters will be encouraged to stay. It is a good situation for your renters and good for the new owner that the units are occupied and bring in steady revenue.
If you are ready to hang up your tool belt and sell your rental property. Then invest some time in learning about your options of selling to a real estate investor. It is a great opportunity for you to get the equity back out of the property and know that the renters will not be displaced. A fast offer, normally all cash, and a short window to the closing means that you can complete the deal in less than a month. The professionals at Phoenix Home Buyers Group would be happy to talk to you about your property and how they can help you to reach your goals.