Being the landlord of a problematic rental property is like being married to a toxic spouse. Every day, there’s a new problem that you’ll have to deal with. If you don’t, you get so many complaints that you cannot enjoy the good aspects of the relationship. It’s tiring, and all you want to do is get out and move on.
At Cava Buys, we want to discuss the common problems you encounter as a landlord and the options available to ease your burden. You’ll learn how to sell your rental property quickly to finally achieve peace of mind.
Landlord Problems
Being a landlord may have been appealing at first. You have a passive income, earning around $87,000 annually with minimal effort. However, you’ll soon realize that renting a property is like running a business. You start having problems that stress you out regularly, questioning whether the income is still worth the issues you must solve.
Common Recurring Problems You’ll Experience
Here are some common problems you may encounter as a landlord.
Tenant Issues
The most frequent source of stress for rental property owners is problematic and unruly tenants. Some fail to pay on time, resulting in losses. Others treat your property poorly, leading to extensive property damage that leaves you spending so much money on renovation. In some cases, these bad tenants may do illicit activities that lead to criminal cases. Around 25% of tenant applications have some kind of criminal record.
Property Maintenance
Another source of problems for rental property owners is constant maintenance and repairs. Regular upkeep takes time and resources. You’ll also have to allocate funds for emergencies like plumbing leaks and electrical problems. On average, you might need to spend around $1,800 annually. However, this amount could skyrocket if your property is old or has problem tenants.
Legal Compliance
You’ll need to handle a lot of paperwork and other processes to ensure that your property complies with legal requirements, building codes, and other mandates set by the Virginia Residential Landlord and Tenant Act.
Financial Management
Recording, monitoring, and managing your income and expenses takes effort. Add tax and insurance, and you’re simply inundated with information that most landlords aren’t familiar with. These processes are still hard to track, even when working with an accountant.
Buying Houses As-Is in Any Condition
Tired landlords have one quick option to finally find freedom while still getting some kind of profit — selling the rental property to a cash buyer like us. Cava Buys will purchase any rental or residential property, regardless of current condition. That way, you can still get the trapped equity before finally moving on.
- Repairs: Properties needing extensive fixes wouldn’t be a problem with us.
- Damage: If your home has water, fire, or termite damage, we will still buy it.
- Trash: Let us handle the cleanup. Leave everything behind and move on to a new and trash-free home.
- Code Violations: You won’t need expensive renovations to resolve a code violation.
- Hoarder Homes: We can deal with the excess stuff if you let us purchase the property.
- Death Estates: If you inherited a home you’d rather not deal with, we can help you get rid of it.
- Dirty: You won’t have to do any deep cleans to appeal to more buyers.
- Rundown: If your property is extremely deteriorated, we will still purchase it.
- Fixer-Uppers: Instead of shelling out money to fix the extensive issues of your home, sell it to us.
We Buy Richmond, Virginia Houses in Any Condition
Helping Property Owners Regardless of Their Life Situations
Aside from tired landlords, we help property owners who are experiencing various circumstances in their lives.
- Inherited Property: We can help you get rid of an inherited property after the probate process.
- Relocation: If you’re moving to a new city, selling your house allows you to tap into the equity and gain additional resources.
- Home Upgrades: Those looking to move to bigger properties can use the profits from the house sale.
- Downsized Homes: If you’re moving to a smaller property, the equity from your current one can be a source for additional funding.
- Avoiding Foreclosure: You can preserve your credit score by letting us buy the property under foreclosure.
- Family Divorce: Let us help with asset division in this turbulent period of your life.
- Avoiding Bankruptcies: The cash you earn from the sale can help you pay off any outstanding debts.
- Health or Medical Issues: Access your property’s trapped equity to fund medical treatments.
Get Cash Now for Your VA Rental Property
We buy homes from key cities in Virginia. These include the following:
If your property is not in these locations, contact us today for clarification.
Sell Your Property to Us for Cash Quickly
At Cava Buys, we follow a systematic method to help you sell your property as quickly as possible. First, you provide the details about the rental home or building. Then, we will provide a cash offer. Once you accept our fair offer, you can choose the closing date. We can close in as short as seven days!
Read Our Reviews
Over the years, we’ve helped many property owners sell their homes. Thanks to our quick process, quality customer service, and hassle-free transactions, we’ve achieved many satisfied clients who shared glowing testimonials about our services and team. Read what they have to say and see what makes us the top Virginia cash home buyer in the area!
