50 likes | 131 Views
Are you trying to decide if you should keep or sell your rental house? Being a landlord is not always what it appears. Experienced real estate investors are well prepared for the work and costs involved. <br><br>However, both novice and experienced home investors may be in a situation where selling their rental house is in their best interest. Maybe the home investor made a mistake in calculating costs. Perhaps positive cash flow has been eliminated from forces outside of the landlord's control. <br><br>Whatever the case may be, it is critical that a real estate investor is able to correctly determine when it's time to sell their rental property. Once the decision to unload the rental house has been made, it is equally important to be able to choose the most appropriate selling method.
E N D
Wondering if you should keep or sell your rental house? ALNProperties.com (516) 331-1090
ALNProperties.com | (516) 331-1090 The honeymoon phase • Owning real estate is a great way to build wealth and provide for your family • Based on this you decide to purchase your first rental property • After running the numbers you expect a lifetime of “passive” income • Early on things go great and you start to think that this is easy money
ALNProperties.com | (516) 331-1090 Reality sets in - the challenges of owning a rental home Eventually you will encounter problems that need to be solved such as: • Appliances will break, roofs will leak and your tenants will call...this is particularly challenging when you have another full time job • Dealing with the consequences of commonly overlooked business costs like major repairs, vacancy and marketing expenses • Covering the carrying costs for the property while it’s vacant
ALNProperties.com | (516) 331-1090 Reasons to sell your rental house • Simple math - you can generate a higher return on your money elsewhere • Exhausted from dealing with the headaches involved in owning rental property • External circumstances such as sudden increases in property taxes, variable interest rate fluctuation or a struggling economy reduce or eliminate your investment returns
ALNProperties.com | (516) 331-1090 How to sell a rental house fast on Long Island • Find a local cash home buyer, like ALN Properties, to buy your house • These home buying companies pay cash, buy AS IS and can close in as little as 1 week • If the property is in move-in condition and you are willing to pay carrying costs for several months, hiring a realtor is a viable option