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Are you or someone you know an accidental landlord who’s tired of the challenges of managing tenants and property maintenance? Today, I’ll discuss what to do if you find yourself unexpectedly becoming a landlord.
There are various scenarios leading to accidental landlords. For instance, a couple getting married might have owned separate homes. They decide to rent one out but realize they aren’t cut out for the responsibilities of being landlords. Inherited properties can also lead to this situation. Initially filled with memories, these homes can become disheartening when tenants cause extensive damage. Job transfers causing a hurried move or insufficient equity can leave individuals as long-distance absentee landlords, grappling with managing repairs and tenant screenings from afar.
Regardless of how you became an accidental landlord, finding yourself in this unfamiliar situation can be uncomfortable. We’re here to help. Our assistance includes multiple options:
1. Access to cash buyers. We have connections to over 100 cash buyers interested in purchasing homes in any condition, enabling quick closings unaffected by market fluctuations.
2. Connections with service providers. Through our network of service providers—plumbers, electricians, carpenters, and contractors—we can facilitate maintenance and upkeep, even if you wish to retain ownership but need assistance managing the property.
3. Several options for listing. Our long-term buy-and-hold approach, leveraging existing loans and non-bank financing, ensures top-dollar offers for your home without the hassles of traditional listing approaches. Avoid competing with desperate sellers in the market and waiting for the right buyer.
If you have any inquiries about buying or selling a home, please reach out via phone or email to schedule a consultation. We’re here to help.
