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April 26, 2021
Being a landlord comes with a lot of responsibilities, but it also comes with a lot of rewards. As long as you invest in the right properties and have money saved up for emergencies, you can make a decent passive income from being a landlord.
However, as wonderful as landlord life can be, it’s common to want to step down. If you are feeling this right now but not sure what to do, we can help! 4 Brothers Buy Houses purchases all types of properties in Woodbridge VA. No matter what condition your rental is in, we’ll make you a fair cash offer.
In the meantime, here are some signs that it’s time to sell your rental property in Woodbridge Virginia.
Your rental property is worth more than when you bought it.
It’s a seller’s market right now and buyers are willing to pay more for good homes. If your rental property is worth more than what you bought it for, you can sell it today for a profit. This profit might even be more than what you would collect in rent payments!
Being a landlord is wearing you thin.
Another sign that it’s time to sell your Woodbridge rental is feeling exhausted in your role as a landlord. This is still your home and it’s your responsibility to maintain it. So, when the dishwasher is leaking or a storm rips through and damages your siding, it’s your problem.
Not to mention, some tenants are a constant headache. Whether they’re demanding or trouble, you end up paying the price. While you can’t expect your tenants to be perfect, you shouldn’t have to babysit them. If you are, then it’s a sign you need to sell the rental – or at least find new tenants.
You’re not seeing a positive cash flow.
It’s not uncommon for rental properties to have a negative cash flow. However, you can’t keep losing money. You need to re-evaluate the situation and find out why this is the case. It’s possible that taxes, utilities and insurance have gone up. Or the home might be old and you’re having to make constant repairs. Once you start losing money, it’s usually time to cut ties.
You want to spend your weekends traveling.
Wanting to travel is another motivator for selling a rental property in Woodbridge. Being a landlord is time consuming, and you might feel the need to stay close to the home. Unfortunately, this can stop you from enjoying things like traveling, camping and visiting loved ones. By selling your rental, you’ll have cash for new adventures and the freedom to leave town when you want.
Get a Cash Offer on Your Woodbridge Rental Home
These are just some of the signs that it may be time to sell your rental property in Woodbridge. To get a free, no obligation cash offer, contact 4 Brothers Buy Houses today. There is no obligation to continue. We want our customers to be informed on their options so they can make a confident decision. But, if you do decide to sell your rental, we’ll be able to close in just one week!