Chances are, you became a landlord for all the right reasons – maybe you bought a property or inherited one and decided to rent it out for additional income and give someone a home all at the same time! But this dream can become a nightmare if you have a difficult tenant who isn’t paying their bills or damages your property. Here are insights into your rental property rights and how to deal with this frustrating problem, from our Fort Worth cash for property agency.
The best place to start is to try reason with your tenants. It’s best to do this face-to-face, as it’s easier to communicate your issues and come to an agreement, so set up a time that suits both parties for a meetup. Don’t let your emotions get the best of you, so stay calm and stick to the facts. If they aren’t paying, explain that you need to meet your own bills and try work out an easier payment schedule that suits both of you. After all, they may be going through difficult times too and may not be aware they’re causing an inconvenience for you!
When you come to an agreement, get the payment plan in writing, and have all parties sign it.
Landlords have a lot of responsibilities along with rental property rights, and if you’re not sticking to your end of the rental agreement then it creates opportunity for your tenants not to stick to theirs.
By law, if a Texas landlord refuses these responsibilities or fails to perform them, the tenant has the right to complain to Texas health inspectors, deduct repairs from their monthly rent, or break the leasing contract.
This can be done one of two ways. You can either:
Being a landlord can be stressful, frustrating, and expensive – even if you have great tenants! The good news is that if you do decide to sell your rental property, there is no need to do any repairs on it – depending on who you are selling it to!
If you are selling to private buyers through an estate agent, then the repairs will be necessary to attract the right buyer. The problem here is that not only will the repairs cost you money, but there’s no guarantee that you will make that money back when you sell your property – and that it could take months to get it off the market. And on top of that, you’ll have to pay real estate commission, which can be as much as 6% of the final sale price.
But if you sell directly to a reputable Fort Worth cash for properties agency, you don’t have to worry about any of that! We take no commission, we don’t require any repairs to the property, and we offer a market-related sale price where the money goes into your pocket in as little as 24 hours. No waiting for the ideal buyer, no dealing with contractors, no commission – just a very quick sale.
When you want to sell your rental property as is and without spending more money on it or paying real estate agent fees, there’s no one better than Shiny Key Properties! Our Fort Worth cash property buyers purchase properties in any condition, at any time of year, from well-kept family properties to teardowns and distressed properties. If you want to sell your rental property as is without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the property, then the best option is to sell directly to our cash for properties agency. We price your property according to the market, so you get a fair deal in record time, and we can even help you get out of foreclosure quickly!
When you want to sell your rental property if it’s damaged, in foreclosure or because you simply want to sell, we will buy your property fast, putting a lump sum into your account in a matter of days. Here’s how our process works:
That’s all there is to it!
Our team is compassionate and highly motivated to offer you the best possible market-related price for your property, so you can sell your rental property fast. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay no real estate agent fees or commission. It’s the best way to sell your rental property as is.