Do you have a rental property in Atlanta that you would like to rent out? Prepare yourself for the unexpected realities of being a landlord in Atlanta, because it is not always what you expect it to be…
The unvarnished truth about being a landlord
The idea of owning a rental property appears to be a fantastic one. You purchase the property for a low price, find a tenant, and then profit from the rental income while managing the property… What could possibly be so difficult?
The problem is that it’s often much more difficult than people realize, and you may discover (as many landlords do) the surprising truth of being a landlord in Atlanta: You have to give up your personal life – no more private time, no more vacations, no more weekend getaways… You have to give up your personal life because you’re a landlord in Atlanta. It’s all because you’re so busy with your landlord duties.
There’s the actual work that needs to be done.
Owning a rental property will keep you occupied. There’s the work involved in finding the property, then fixing it up, then finding a tenant, and then answering the phone when they call on a regular basis. If they call late at night because the toilet is overflowing, you have to answer the phone and deal with whatever situation they have. In addition, there will be no more vacations, because who knows what will happen if the toilet overflows while you are in a foreign country?
Now is the appropriate time.
Some landlords attempt to manage a rental property while also working another job, but many quickly discover that it is just as time-consuming as their other job… It’s like having a second full-time job on top of everything else! If you’re not chasing down your tenants or fixing things around the house, it’s impossible to find time to work at your other job… and that’s just with ONE rental property! Landlords who own two or more properties are even more in demand.
Then there’s the financial cost.
It is not inexpensive to rent out a property. Sure, you receive a portion of the rental income from the tenant, but you also have to maintain the property, repair it, make improvements, and repair it if the tenants damage it when they vacate the premises. In other words, the costs of owning a rental property add up, and the financial benefits of doing so may not be worth it for you.
Then there’s the pressure.
Stress is equal to the sum of all of the factors listed above thus far. You’ve got a lot to juggle with the rental property, and you’re constantly worried about it. You might even be afraid to open the mail because you might get some bad news in the next envelope. That’s not a healthy way to live.
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?