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 Jacksonville.
Burnout
Most people have experienced burnout at some point in their lives. Maybe you’ve had a job that was too demanding, or maybe you were taking care of a family member and felt like you couldn’t do anything else. Whatever the cause, burnout can be debilitating. When you’re experiencing burnout, it’s hard to function normally. You may feel like you can’t get out of bed in the morning, or like you’re just going through the motions at work. You may snap at your loved ones more easily, or find yourself withdrawing from social activities. If you’re a landlord, burnout can be especially damaging. That’s because being a landlord requires a lot of work, even on the best of days. From dealing with maintenance issues to collecting rent, there’s always something that needs to be done. And if you’re not careful, it can all become too much. If you’re starting to feel burnt out, it’s important to take action. Otherwise, you won’t be able to give your tenants the attention they deserve.
Screening
Finding the best location in Jacksonville 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 Jacksonville. Dealing with bad tenants can be a nightmare. The professinal home buyers at Cash Geeks have the knowhow and experience to take your headache tenants off of your hands.
Time
As life evolves, priorities shift and demands on our time change; if things are different and you don’t have the time to manage the property any longer, this situation could become costly and ultimately make you a bad landlord in Jacksonville. Not only are you likely to lose any good tenants, but when you aren’t responding to their needs, this puts your property at risk. What could have been stopped at a small leak could turn into torrential flooding in the units because tenants had learned you, as the landlord, would not act when they reached out. With a direct sale to a professional home buyer like those at Cash Geeks, you’ll have a guaranteed closing date, often within a few days, and your time will be your own again.
Finances
A financially devastating event is another thing that will make you a bad landlord in Jacksonville. 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 Cash Geeks; you won’t need to worry about repairs.
At Cash Geeks, 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 Jacksonville. Let us make you an offer you will agree is fair for your investment property and relieve yourself of the stress. At Cash Geeks, 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 Cash Geeks at 904-297-2643.