Sunday, February 17, 2013

Don’t want to be a Landlord? Sell Your Apartment for Cash

Being a landlord is a tough job. Aside from maintaining your apartment to conform to the rules and regulations in your area, you also have to deal with your tenants’ problems. Here are some of the reasons why handling tenants can be wearisome:

Tenants Left the Apartment in a Mess
It’s a hard fact; not all tenants are reliable. Apartment is a mess after the tenants left is a very common scenario and one of the reasons why some property owners don’t want to be landlords. If you are lucky, you only have to clean the trash after your tenants leave. Worst scenario would be is when you get to fix the apartment to make it habitable again. Imagine how much it will cost to clean the carpet, repaint a portion of the apartment, and repair the sink or the shower, and so on.  

Tenants Won’t Leave After the Agreed Date
Tenants who say they are going to vacate the property on Saturday but are still there after two weeks can cause huge problems. Tenants have rights and by the law, they are entitled to remain in the property until he is evicted through the courts. If you ever decide to change the locks where your tenants stay, you can be charged with a criminal offense. To avoid this scenario, if you have not done this already, talk to your tenants and know their plans. To be certain, proceed with getting an eviction notice and repossession. This is your back-up in the event that the tenants won’t leave peacefully. Do not sign up for new tenants until your apartment is clear.

Don’t want to be a landlord anymore? Get rid of your unwanted property and sell your apartment for cash. The fastest and easiest way to do it is sell it to private investors such as Lucas Properties. Take the money and invest into something where are you are more comfortable with.

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