How to Sell Your Rental Property As-Is
Renting out a home can be a good source of secondary income, but it can also be a nightmare if your tenants damage it. Even if you do a good job of screening potential renters, there’s always the chance that they might trash your house. In that state, you won’t be able to re-rent it until it’s fixed. And you might be on the hook for those damages.
If your tenants have moved out and the place is a mess, don’t panic. You have options, including small claims court or selling your rental property as-is. At Sell Now Iowa, we buy houses in Des Moines, no matter what condition they’re in.
Working with our team of experienced real estate agents is fast and easy. We’ll meet with you, do a quick walk-through at the property, and then give you a cash offer within 24 hours. You’ll have the time and space to make the right decision for you, with no pressure or obligation.
In the meantime, here’s more information about your options.
Try to Work Things Out with Your Renter
When your renter moved in, they signed an agreement stating they wouldn’t damage the property and then paid you a security deposit. This deposit is typically one to two months of rent and will probably cover smaller issues. But likely not the full cost of repairs if the damage is extensive.
If there is damage to your rental property, The Iowa State Bar Association says it’s best to try to work things out before your renter moves out. This includes coming to an agreement on the damages or making a compromise. However, the landlord can require the tenant to pay for any repairs, according to Iowa Legal Aid.
If your tenant refuses to pay, you can take them to small claims court. But this is an expensive and time-consuming process. And, in the end, you may not get any money back at all, especially if the renter is unable to pay.
Sell Your Rental Property to Cash Home Buyers in Des Moines
If renting a property is a secondary source of income, dealing with a problem tenant can be a major pain. It can create a lot of stress that may not be worth the extra money. And if your home sustains major damage, you might be the one paying to fix it up before it goes on the market.
That’s why selling your property to cash home buyers in Des Moines can be attractive because you’ll be able to walk away quickly. However, you’ll want to work with a trusted company like Sell Now Iowa. We have 20-plus years of experience buying and selling homes like yours. Our process is low-pressure and high respect. And it includes a fast, guaranteed closing with zero contingencies.
We know that dealing with a mess in your rental property can be a huge headache. But our professionals at Sell Now Iowa are here to help. If you’re ready to sell now or want more information on getting your cash offer, give us a call at 515-531-2274 today!