Do you own a rental property in Phoenix? Make sure you know the surprising truth of being a landlord in Phoenix because it might not always be what you expect.
Owning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the rental income while you manage the property.
The problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord in Phoenix: It is a 24/7/365 job! As a landlord, you are always on call.
There’s the work required
Owning a rental will keep you busy. There’s the work required to find the property, then to fix it up, then to find a tenant, then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it.
There’s the time
Some landlords try to own a rental property while they have another job but many discover that it’s just like having a second full-time job! Between chasing down your tenants to fixing things around the house, it’s one thing after another and you may simply not have time to work at your other job… and that’s with ONE rental property. Landlords who own two or more are even busier.
There’s the cost
Rental properties aren’t cheap. Of course you do get some rental income from the tenant but you also have to take care of the property, fix it up, make upgrades, and repair it if the tenants trash it when they leave. In other words, the costs add up and the financial rewards of owning a rental property may not be there for you.
There’s the stress
When you add up all of those things so far, it equals STRESS! You’ve got so much to juggle with the rental property, and you worry about it constantly, and perhaps you even fear opening the mail because you may find bad news in the next envelope.
If you own a rental property and want to get rid of it, we can help. We buy properties; even frustrating rental properties that have damage or less than ideal tenants. Can we make you an offer on yours?