The Surprising Truth of Being a Landlord in Southern California

Do you own a rental property in Southern California? Make sure you know the surprising truth of being a landlord in Southern California because it’s not always what you think it’s going to be…

truth about being a landlordOwning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the rental income while you manage the property… how hard could it be?

Problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord in Southern California:  You have to be on-call for your tenants pretty much all of the time, ready to make minor repairs or handle maintenance emergencies. You need to collect (and sometimes hunt down) the rent, and stay on top of upkeep so your property maintains its value over time.

There’s the work required…

Owning a rental will keep you busy. There’s the work required to find the property, fix it up, find a tenant,  and then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it.

There’s the time…

Many landlords try to manage a rental property on top of their day jobs, discovering that it’s a lot more time-consuming than they originally thought… it’s like having a second job! Between chasing down your tenants for rent to fixing things around the house, it always comes as a shock to landlords how many hours a week are committed to keeping their tenants happy and their properties well-maintained. That’s the case with even just ONE rental property – Landlords who own two or more are even busier.

There’s the cost…

Properties aren’t cheap to acquire, and the expenses don’t end once you acquire the property. Sure, you are collecting rental income from the tenant but you also have to take care of the property, fix it up, pay property taxes,  pay HOA dues, and make general repairs when the tenants leave. (That’s assuming, of course, that the tenants don’t trash the place, which introduces its own unique set of costs.) In other words, the costs add up and the financial rewards of owning a rental property are not necessarily guaranteed.

There’s the stress…

When you add up all of those things so far, it equals STRESS! You’ve got so much to juggle with the rental property, you have to decide whether the rent you’re collecting is worth the headache to maintain it.

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?

Click here now and fill out the form or call our office at (714) 576-6282 and we’ll make you a fair offer today.

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