Are you a landlord in Little Rock? Make sure you know the little known truth of being a landlord in Little Rock because it’s not always rainbows and sunshine.
Owning rental property has always been seen as a great investment. Collecting monthly rental payments over time is considered an infinite return on your initial investment.
Many landlords find that there are problems that come along with these investments and many do not know the little known truth of being a landlord in Little Rock: It is like a second job. You are responsible for the tenants in the house. say goodbye to extra free time, vacations, and freedom.
There is a lot of work that goes into this
Owning a rental property is like having a full time job. You will be required to repair it, find tenants, and be available for the tenants if there are any issues. We have all heard that joke about receiving that call at midnight because there is a water leak. What happens if you take a trip or you are out of town when this happens?
If you are a landlord and you work a full time job, you may not have the free time to manage that property! You will have to make a decision about what is more important to you – your time or the property. This is just 1 property we are talking about, things really get hectic when you start accumulating more.
There are a lot of cost that go into owning a rental property. The initial investment to purchase it plus and upgrades you want to do to increase its value. Then, you will have to constantly pay to fix the wear and tear that your tenants do on the property throughout the years. A lot of landlords don’t realize this when they get a rental and they put themselves in financial trouble because of it.
There’s the stress
Adding all of these things together can equal a lot of stress for a landlord!
If you own a rental property and want to get rid of it, we can help. We buy properties (even frustrating rental properties that have damage or bad tenants you can’t get rid of). Can we make you an offer on yours?