Tired Of Being A Landlord In South Carolina.

The Benefits Of Selling Your Fixer-Upper To A Cash Buyer

Owning investment property can cause serious anxiety. There is constant home maintenance and hiring unreliable property management companies. There is also dealing with bad tenants. Sometimes leasing out your rental home isn’t a sound or lucrative decision. So what do you do when you’re tired of being a landlord and want to sell your rental property in South Carolina?

There are several reasons a homeowner might be tired of being a landlord. One of the biggest reasons includes losing money to maintain your property. Most landlords expect to pay for minor repairs, landscaping, and other consistent home maintenance. However, unexpected expenses can limit your expected profit margin. Replacing faulty appliances or repairing a leaky roof can create a negative cash flow. This deters most landlords. Not comfortable with the possibility of losing money on your rental property? Ridding yourself of the responsibility might be your best option.

Property Management Companies.

Many investment property owners search for property management services to manage their rental properties. They do this for a variety of reasons, from saving time spent on answering tenants’ calls to hiring contractors to fix basic issues. But hiring property management companies can be a more expensive and extremely frustrating when conflicts with tenants aren’t managed to their satisfaction.

Property management companies are an added expense that cuts into a landlord’s potential profit. Ron Leshnower, a legal publisher for NOLO, confirms this. When inquiring about management groups, “expect to hear quotes ranging between 5% and 10% of what you collect in rent revenue”. Although the percentage seems low, 5 to 10 percent can be bank-breaking in a down rental market. A landlord can lose out on a huge portion of profit when hiring a property management company.

The expenses don’t end with monthly management fees. Property management groups are also known to 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. Without a landlord playing close attention to the details, property management companies can take advantage of your hands-off approach.

Dealing with tenants is one of a landlord’s most burdensome duties. When hiring property management groups you trust them to deal with high-maintenance renters. Yet, property management often don’t know what to do when tenants tear up your house.

Sometimes accepting bad tenants cannot be avoided. 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. This is a costly mistake. Bad tenants can default on lease agreements or steal appliances or furniture. They can even do significant damage to your property! The damage can easily change your newly updated home into an undesirable fixer-upper. You’ll be tired of being a landlord in no time.

Large property management companies have competing priorities concerning handling your rental home. These management companies will be juggling multiple landlords and their properties. They’ll often mishandle or neglect your property due to the sheer volume of complaints. Are they a 24-hours group? If not your tenants will be neglected after hours. Instead, they’ll call you with emergencies. “Be prepared for calls in the middle of the night,” warns Forbes’ Harlan Landes

Selling A Rental House With A Real Estate Agent.

Property management companies can be an expensive and unreliable option to maintaining your rental property. Selling your rental home might be your best option when you’re tired of being a landlord. Some rental property owners consider using a Realtor when selling their property, but many real estate agents have a hard time selling a house with tenants.

Some Realtors have trouble complying with tenant-landlord laws. Most states give the tenant the right of first refusal (ROFR). The ROFR is a contractual right. It allows the tenant to sue a landlord if not given the offer to buy before selling the rental property. If a real estate agent ignores the ROFR, the rental property owner could be in major legal trouble. You could end up spending thousands in legal fees before selling.

Agents also must be mindful of a current tenant’s right to refuse showings. Showing a home to potential buyers is key to selling residential property. If the tenant is unwilling to show or unable to keep the property in showroom condition, you may lose out on a sale.

Michele Lemer from Bankrate.com warns of this. “Many real estate agents are reluctant to show buyers a tenant-occupied home. They expect resistance to allowing visitors into the property. They assume the condition will be less than optimal.”

It’s true. Some tenants can be uncooperative and downright hostile during the selling process. Others refuse to pay the last month’s rent before closing. Before hiring an agent to assist in selling a house with tenants, take your time. Decide whether they’re worth the headache and money it costs to sell a tenant-occupied property.

Selling To A South Carolina Cash Home Buyer.

If selling your rental property is the best option when you’re tired of being a landlord, how do you sell your house most efficiently with tenants? In many circumstances, selling to a trusted South Carolina cash home buyer like Table Rock Homebuyers is the best option. Utilize the offers made by a house buying company. It’ll often give you the simplest and least stressful solution to many property problems.

You don’t need to stress over the legalities of how to evict tenants living in your current rental property. You’re able to sell to a South Carolina cash home buyer without evicting tenants. Rid yourself of bad tenants and costly property management fees in a quick, easy sale without using an agent. We buy houses as-is, even rental properties in poor condition due to disrespectful tenants.

You don’t have to worry about selling a house with a valid lease agreement when selling to a South Carolina cash home buyer! Table Rock Homebuyers has the expertise to handle even the stickiest lease agreements. We allow you to close quicker and move on to better investment opportunities.

Selling to a local cash home buyer also ensures your tenants will have a hassle-free transition from seller to buyer. This is especially great if you’re related to the existing tenants, a common occurrence for landlords. Table Rock Homebuyers allows you to sell your rental property without worrying about tenants. You don’t have to worry about repairs, additional fees, or leasing agreements. If you’re tired of being a landlord, selling to a local cash home buyer is a dream come true.

If you need to sell your South Carolina rental property fast and would like to get a no-obligation cash offer, call us now at 864-272-5400. Whether you decide to sell your house to us or not, we would like to help answer questions you might have about the process.

Sell Your Rental Property To A Trusted Cash Home Buyer!

Table Rock Homebuyers buys houses, mobile homes and land in the following South Carolina Counties:

We are glad to answer your questions, help you better understand your options, and walk you through how our hassle-free “rental home buying” process works…where we’ll make you a fair no-obligation, as-is offer. It’s simple, straightforward, and just may be perfect for you.

We are also the best option when you need to sell your mobile home fast in South Carolina – we take care of all the hassles, all of the paperwork, and all of the logistics so that the process is a breeze for you and your family. It’s that simple.

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We Buy Houses in South Carolina.

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Frequent Questions

The most common questions people ask about selling their home fast in South Carolina.