Are you tired of being a landlord? Upward Home Solutions can help.
Being a landlord is neither simple nor easy.
- Repairs can be costly and unexpected. Major repairs like a new furnace, foundation repairs, and a new roof can be a financial burden.
- You have the added expense of buying property and liability insurance in case something happens to the house or to protect you against a lawsuit.
- Tenant management can interfere with your life, answering calls all hours of the night, weekends, and holidays.
- Property taxes keep going up.
- You have to keep records to account for the rental income and expenses. Tax time is complicated.
- Vacancies create their own set of problems: screening prospective tenants, showings, repairs, and drafting leases.
- Evictions are a waste of time and money.
Even if you have a management company, owning a rental house can still be a lot of work. Paying a property management company or dealing with long-term nightmare tenants takes its toll on even the most veteran landlords. If the stress forces you to exit the landlord business or you juggle too many investment properties already, you may want to sell. Instead of waiting months (or years) for the tenant’s lease to expire, consider selling to a professional investor willing to take on even the most strenuous tenants. Don’t worry: we buy houses with tenants.
Call Upward Home Solutions at 614-705-0866 for a no-obligation, CASH, offer for your rental property anywhere in Central Ohio.
“Can I sell my rental property with tenants in it?”
Yes! Upward Home Solutions is ready to buy your rental property, even if there are tenants living there. If you don’t want your tenants to know that you are considering selling, we have solutions to that problem. We will be very discreet.
If you have problem tenants, we will still buy the house. Let the eviction become our problem, not yours. We understand Ohio law and what needs to be done.
You can sell a house to UHS even if the tenants still have a lease.
If a landlord wants to sell before lease is up, trying to list the property on the MLS with a real estate agent becomes another issue. Unless the lease agreement firmly states it, the homeowner may not be allowed to show the property to potential buyers. This is detrimental to finalizing a sale with most buyers and can hinder the price when negotiating with others. You can start showing the home if the tenant allows and is given proper notice (typically 24 hours). Otherwise, you’ll have to wait for the lease to end. When dealing with problem tenants, this scenario can be unsettling.
However, selling to Upward Home Solutions is different. We can often give you a CASH offer without even going into the house. If we do need to peek inside, we have lots of strategies for working with the tenants without worrying them.
Why Selling The Property To the Tenants Is A Bad Idea
We’ve talked with many landlords who believe that the renter will buy the property from them. This almost never works out.
If the tenant needs to get a loan (and nearly all of them will), this can slow down the process. Are you ready for inspections and do you have the patience to wait on loan approvals? If the loan falls through, you’re back at the beginning of the process, except that now you have unhappy tenants.
Some tenants may want to purchase the property and have the necessary funds. Instead of making the deal a simpler process, they decide to capitalize on the landlord’s desperation to sell. They may want unnecessary or extreme incentives, like a lower rent payment until the sale is finalized or all closing costs. For a landlord that wants to sell before lease is up, this is an unfortunate probability when dealing with tenants.
That’s why you’ll probably be finding yourself looking for other buyers. You could put the house on the market, or sell it to cash buyers like us. That’s why we buy houses with tenants in them – we know how difficult it is for you to find a ready and willing buyer. We pay all the closing costs, require no inspections, and we pay cash, which means you won’t have to wait on us to talk to the bank about a loan.
Call 614-705-0866 to learn how easy the process is.
Selling To Cash Buyers
Selling to cash buyers is a better solution. The reason why we buy houses with tenants is to provide a better alternative for landlords like yourself.
This Is the Time To Sell A Rental Property
For many people, owning a rental property is an investment. Like all investments, knowing when to sell is crucial. You can’t spend the money on a vacation or anything else until you have sold the house. And if you don’t sell at the right time, the property will go down in value. We saw that happen in a major way in 2008.
Nobody knows when the next housing crash will happen, but we do know that it’s a seller’s market right now.
Upward Home Solutions is buying. We have CASH and we can close quickly. We buy houses with tenants and ones that are vacant. If you currently have tenants and don’t want them to know you are considering selling, we have solutions for that situation. Let us deal with the repairs, the tenants, and all the other headaches that come with being a landlord. You can move onward and upward to other investments and enjoy your hard-earned money.
Don’t stress over selling a rental property; we buy houses with tenants no matter what condition it’s in! We’re always ready to answer any questions you have. Just give us a call at 614-705-0866!