Do you own a rental property in College Station? Make sure you know the surprising truth of being a landlord in College Station because it’s not always what you think it’s going to be.
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. How hard could it be?
The problem is, it’s often much harder than people realize. You may find (as many landlords do) the surprising truth of being a landlord in College Station: You give up your personal life – no more private time, no more vacations, and no more weekend getaways – all because you’re so busy as a landlord.
There’s the work required
Owning a rental will keep you busy. There’s the work required to find the property, fix it up, find a tenant, then to answer the phone every time they call. If they call late at night because the toilet is overflowing, you have to take their call and deal with it. That means: no more vacations, because what will happen if the toilet overflows while you’re in a different country?
There’s the time
Some landlords try to own a rental property while they have another job, but many discover that it’s just as time-consuming. It’s like having a second full-time job, and between chasing down your tenants to fixing things around the house, it’s one thing after another. You may 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. Sure, you get some rental income from the tenant. but you also have to maintain the property, make upgrades, and repair it if the tenants trash it when they leave. 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 all of those things up, it equals stress! You’ve got so much to juggle with the rental property, you worry about it constantly, and perhaps you even fear opening the mail because you may find bad news in the next envelope. That’s no way to live.
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 bad tenants you can’t get rid of). Can we make you an offer on yours?
Click here now and fill out the form or call our office at (979) 431-1663 and we’ll make you a fair offer today.