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 Oklahoma City.
Burnout
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 Oklahoma City. 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 Integrity Home Buyers, 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.
Screening
Finding the best location in Oklahoma City for your investment property isn’t enough to make your investment business successful. The monthly cash flow you’ll be counting on in retirement comes from the tenants you place today and hereafter. Your screening process or lack thereof is the determining factor in the outcome. If you don’t have a comprehensive system that you follow, in addition to an in-person interview and checking every reference to get a feel for potential tenants, these things will make you a bad landlord in Oklahoma City. Dealing with bad tenants can be a nightmare. The professional home buyers at Integrity Home Buyers have the know-how and experience to take your headache tenants off of your hands.
Time
Things change over time – that’s just a fact of life. And as things change, so do our priorities and how we spend our time. If you find yourself in a situation where you no longer have the time to manage your property, it can be costly – both in terms of money and in terms of your reputation as a landlord. Tenants who don’t feel like their needs are being met are likely to move out, and if you’re not responsive to their concerns, your property could be at risk. A small problem that could have been easily fixed can turn into a major disaster if tenants feel like they can’t rely on you to take care of them. Don’t let this happen to you! If you’re not able to commit the time necessary to be a good landlord, it’s better to sell your property to a professional home buyer who can. They’ll take care of everything and you can move on without having to worry about your investment.
Finances
A financially devastating event is another thing that will make you a bad landlord in Oklahoma City. 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 Integrity Home Buyers; you won’t need to worry about repairs.
At Integrity Home Buyers, 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 Oklahoma City. Let us make you an offer you will agree is fair for your investment property and relieve yourself of the stress. At Integrity Home Buyers, 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 Integrity Home Buyers at (405) 367-6048.