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 Lawrenceville.
Not everyone is energized by dealing with day-to-day property management. However, if you’re aware you don’t care about the property or your tenants anymore, you may be experiencing landlord burnout, which will make you a bad landlord in Lawrenceville. While you may attempt to hide your feelings, people are highly perceptive, and your attitude will eventually wear down even the best of tenants, causing them to move and costing you in turnovers and more work. With a direct sale to a professional home buyer like those at Cash Home Crew, we’ll buy your property and compare what you’d earn through listing to our offer, so you’ll feel good about the deal long after closing; you can just relax and finally let it all go.
The best way to avoid bad tenants is to screen them thoroughly before they move in. This means more than just an in-person interview and checking references. You should also have a comprehensive screening system in place that you follow religiously. Some landlords skip this step, thinking that it’s not worth the time and effort. But trust us, it is. Dealing with bad tenants can be a nightmare. The professional property management team at Rentology has years of experience dealing with problem tenants, and we can tell you from firsthand experience that it’s not worth the hassle. So what should you look for when screening potential tenants? First and foremost, you’ll want to make sure they have a steady source of income. This can be verified by looking at their pay stubs or tax returns. You’ll also want to check their credit score to get an idea of their financial responsibility.
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 Lawrenceville. 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 Cash Home Crew, you’ll have a guaranteed closing date, often within a few days, and your time will be your own again.
A financially devastating event is another thing that will make you a bad landlord in Lawrenceville. 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 Cash Home Crew; you won’t need to worry about repairs.
At Cash Home Crew, 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 Lawrenceville. Let us make you an offer you will agree is fair for your investment property and relieve yourself of the stress. At Cash Home Crew, 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 Cash Home Crew at (770) 685-6570.