Owning a rental property in Spokane, WA, or Coeur d’Alene, ID can be a lucrative business. However, rental rates are rising in these areas by as much as $75 in a single month. Some tenants may be unable to pay rent, resulting in issues on your end.
the easy home buyer logo
While there are many ways to address this challenge, selling your rental property is one way to eliminate the headache. At The Easy Homebuyer, we’re going to discuss the reasons why putting your property on the market and working with a cash buyer may be the best route to take. Keep reading to learn more.
The Problem of Non-Paying Tenants on Landlords
The most obvious problem for rental property owners is financial loss. When tenants refuse to pay, your cash flow gets interrupted, and you may find it harder to pay mortgage payments, maintenance work, and property taxes. Aside from the financial loss, you could face other problems like the following.
- Legal Expenses: Evicting non-paying tenants often requires legal action, which can be expensive and time-consuming. It’s no wonder that only 23% of landlords actually pursue the eviction of tenants.
- Property Damage: Tenants that refuse to pay may also be doing some damage to your property. This issue leads to additional financial costs for maintenance and repairs.
- Delayed Tenant Turnover: A tenant that refuses to settle their dues and leaves your property delays the process of finding more reliable tenants.
- More Stress: It goes without saying, but non-paying tenants can heighten the stress of managing a rental property. The toll of losing money and having to deal with unruly people can cause burnout, a common problem that many rental property owners experience.
cash money
There Is a Solution — Sell the Property for Cash
If the issue is becoming too much of a hassle, one practical route to take is selling your rental property. The traditional real estate sale can be a viable option, but the process has many steps and expenses. You may also have to wait an average of 31 days, which is another month of stress. Another thing you have to consider is the added expenses, like repairs and professional fees for realtors or lawyers. Still, there is no guarantee that your rental property will sell because potential buyers may be turned off by the non-paying tenants.
Selling the rental property to a cash buyer like us is the surest way to get rid of the rental property. Despite its issues, we will purchase the property, allowing you to move on and invest the proceeds into a more lucrative asset.
How Our Process Works and the Benefits of Working with Us
We follow a systematic process to make the entire transaction a hassle-free experience.
- Complete Our Online Form: Submit details about your property via our form or contact us directly at 509-530-2088.
- Get an Offer: After we’ve assessed your property, we will provide a free cash offer. You can either accept this or not — no obligation.
- Get Paid: Once you accept the cash offer, you can select the closing day and wait for your cash payout. You close in as quickly as a week!
Thanks to our business model and process, you can enjoy benefits like the following.
- Quick sales reduce the time your property is on the market.
- No hidden fees or commissions — you get all of the cash offered.
- With no mortgage approval process, sales to cash buyers are less likely to fall through.
- The simplified process makes for a convenient transaction — save time, money, and effort.
Selling a Spokane, WA or Coeur d’Alene, ID House in “As-Is” Condition
We Buy Houses in Any Condition
At The Easy Homebuyer, we purchase properties as is, no matter the current state they’re in.
- Death Estates: If you inherited a property but would rather not own it, you can sell it to us and use the proceeds for other investments.
- Code Violations: You won’t have to spend additional funds to address code violations when you sell the property to us.
- Rundown: Rundown homes are no issue for our team. We will buy it even if you don’t perform added repairs.
- Trash: Leave the garbage behind and let our team take care of it.
- Dirty: You won’t have to clean dirty interiors just to sell the property. Count on us to purchase the house no matter how untidy it may be.
- Needs Repairs: Even if your house is in need of major fixes, we will still purchase it.
- Hoarder Homes: Move on to a cleaner, clutter-free home, and let us take care of the mess.
- Fixer-Uppers: No need to worry about the extent of the issues. We’ll buy your property no matter its state.
- Damaged Properties: Whether your property has been damaged by fire, water, or other issues, we’ll buy it in its current condition and help you move on.
Sell Your Property to Us for Cash Quickly
Non-paying tenants are more than just a headache. Their unwillingness to cooperate could cause you to hemorrhage money and suffer from stress. If you’re out of options, sell your Spokane house fast or an property to us and move on from the problem because we buy houses Spokane. You can use the trapped equity to pay any outstanding debts or to invest in other ventures. Contact us to get your cash offer!
GET CASH FOR YOUR SPOKANE HOUSE (775 x 500 px)
Read Our Reviews
We’ve gained many loyal customers over the years thanks to our streamlined process and quality customer service. Curious about the things that make us the choice among Spokane WA and Coeur d’Alene Idaho residents? Check out their glowing reviews today!
ENTER THE WASHINGTON PROPERTY ADDRESS BELOW
TO GET YOUR FREE CASH OFFER
