You Can Sell Your California Rental Property If You’re Tired of Being a Landlord

If you’ve ever been a landlord, you’ll agree that your duties can feel a lot like nailing jello to the wall.

First, there’s managing your property. Keeping your rental property in peak condition requires time, effort, and a significant financial investment. In fact, it can cost you as much as 1% to 3% of your property’s annual value.

Let’s not even get started on repairs. Fixing any damage done by your tenants can be costly, amounting to as much as 5% to 8% of your total gross rent.

And lastly, there are taxes. Being a rental property owner means you’ll have to pay significant property taxes whether or not your property is occupied.

In short, the headaches never seem to end as a landlord. You can sell your property quickly and bid farewell to your landlord duties.

Landlord Problems

As a landlord, you likely got into the business with the assumption that it’s all profits and payoffs. Unfortunately, things aren’t that simple, especially in California.

While owning a rental property is a way to generate some passive income, it’s not without its share of headaches.

Here are some of the problems that seemingly never end when you’re the owner of a rental property.

Rental Income Taxes

In California, there’s a property tax for rental owners. The amount is roughly 1% of your property’s assessed value.

This means that as long as you’re holding onto your rental property, you’ll have to settle property taxes every year. 1% may not seem like a lot, but it does add up and can easily be worth thousands of dollars.

Property Maintenance Costs

Whether you’re doing it yourself or hiring a company, managing your property can be costly. On your own, you’ll be paying thousands of dollars for repairs and other overhead costs. The costs are higher when you hire a property management company, which can charge you as much as 8% to 12% of your rental income.

Managing Troublesome Tenants

When you got into the rental business, you likely imagined tenants who’d pay their rent on time and take care of your property for the duration of your stay. Sadly, this isn’t always the case.

When you have troublesome tenants in your property, it’s up to you as the owner to manage them. This means collecting rent (even if they don’t want to pay) and constantly finding creative ways to keep them in line. Overhead Costs

As long as you’re holding onto your property, you’ll have to pay overhead costs. Utilities can cost you hundreds of dollars every month whether or not your property is generating rental income.

Keeping Your Property Compliant With Building Codes

California has some of the strictest building codes of any state, so keeping your property compliant is one of the most critical duties you have as a landlord. Unfortunately, doing so necessitates keeping abreast of zoning laws, addressing structural issues, and maintaining your property according to code.

If your rental has a code violation or two, the best option is to sell it fast (and for cash).

Frustrated and Tired of Being a Landlord or Just Losing Money? There’s a Solution

Contrary to what you may have thought coming into the rental business, being a landlord isn’t all profit and gravy. Sometimes, you’ll have to juggle your busy life with the tedious responsibilities of managing your property. Worse yet, it’s not all the time that your property will be generating decent income.

Being a landlord can become frustrating when you’re putting in all the work and losing money. If this sounds like you, don’t worry because there’s a solution:

You can sell your rental property.

By selling your rental property, you’ll cut your losses and bid farewell to tiring landlord duties. Do this, and you’ll have money in your pocket and fewer property-related problems to deal with.

Sell Your California Rental Property Fast

Selling your California rental property may just be the best solution to say goodbye to your landlord duties and move on with the rest of your life. But if you ask owners who sell rental properties, they’ll tell you that several challenges await you. And these challenges can slow down your sales efforts.

Some of these challenges include making your rental property market-ready, paying realtor commissions, and ensuring your rental property has no title or deed issues.

Getting on top of these tasks can delay your property sale further — even past the state’s average days-on-market of 40 days.

So, how can you still sell your rental property? For cash.

By accepting a cash offer for your property, you can take advantage of the following.

A Faster Sale

Selling your property for cash means selling directly to a cash buyer — us. Because you’re selling directly, there are fewer delays. You won’t have to wait too long for your closing day.

A Property Sale That Incurs No Fees

Anyone who sells rental properties will tell you that closing fees and realtor commissions are necessary evils of closing a sale. Luckily, there are no fees when you sell your rental property for cash. By selling for cash, you can avoid all the unnecessary costs associated with traditional property sales. As a result, you stand to profit more from the sale.

A Guaranteed Sale, No Matter Your Property’s Condition

There’s nothing worse than having to make expensive renovations or repairs on a rental property. Luckily, selling for cash means you get to sell your property as-is. This means you won’t have to make repairs or renovations. All you need to do is accept an offer for your property and push through with the sale.

We Buy Houses As-Is With Any Issue

But who do you sell your rental property to? Look no further.

At MyHomeSold, we’ll take your property off your hands no matter the state it’s in. Trust us to give you the best value for your property, even if it has the following issues.

1. Trash: We purchase homes filled with unwanted debris, so don’t worry about cleaning up.
2. Death estates: Our team handles property purchases from estates. We’ll make selling your inherited property easier during a difficult time.
3. Foundation problems: Your house with shifting, cracking, or damaged foundations won’t stop us from making a fair cash offer.
4. Hoarder homes: Have you accumulated years of possessions? We’ll purchase your property without requiring you to clear out a single item.
5. Bad rental property tenants: Those problematic renters who’ve damaged your investment property or stopped paying rent won’t prevent us from making you a competitive offer.
6. Abandoned: Properties left vacant for extended periods often deteriorate quickly, but we specialize in purchasing these forgotten homes regardless of their condition.
7. Code violations: Does your Southern California property have outstanding building code issues? We’ll buy it anyway and handle all the regulatory headaches ourselves.
8. Damaged homes: Whether fire, water, or storm-related, extensive damage to the point of condemnation doesn’t diminish our interest in purchasing your property for cash.
9. Fixer-uppers: Outdated kitchens, worn carpeting, and peeling paint are exactly the kinds of challenges our renovation experts love to tackle.
10. Needs repairs: Our company purchases properties needing extensive maintenance work, from leaky roofs to faulty plumbing systems.
11. Rundown: Years of neglect and deterioration won’t stop us from seeing the potential in your Southern California property.
12. Vacant: Empty houses sitting on the market tend to lose value rapidly, but we’ll offer cash for your vacant property without requiring any improvements.
13. Dirty in bad shape: Even the most neglected, filthy properties deserve a second chance, which is why we’ll buy your home no matter its current state of cleanliness.

Read How We Buy Houses in San Diego, Orange County Riverside, Pomona, Orange County, San Bernardino and Upland

Whether you’re selling in a rush or out of state, we’re the team to call when you need to sell your rental property fast.

Read about how we buy houses in Southern California and reach out for a fast, fair, and free cash offer today.