Are you a Landlord who is Tired Of Dealing With Tenants?
Have you become an accidental landlord who was unable to sell their property?
Until early 2008, property seemed to be an easy way to make money. You bought a house, either did some work to it (or not), lived in it or rented it out and everyone was generally happy. Finance was easy to come by so remortgaging or first mortgaging wasn’t a problem for the majority of people wishing to buy. Then the Banking system fell apart and the number of people looking to sell their homes but unable to find suitable offers soared. Many people had no choice but to try to rent out their property and we saw the rise of the “Accidental Landlord” during 2008.
Natural laws of supply and demand have kicked in, and in many parts of the country there is so much over supply of properties to rent, that landlords have had to drop their rents perhaps upto 20-25% on what they could charge the previous year, and are having to work so much harder to get a tenant. This means an increase in rental voids, and all of this has a detrimental impact on the bottom line of your investment. Add to this the realisation that many “Accidental Landlords” are now finding the true reality of managing a property can take up a lot more time than they were expecting.
With tenants sometimes relentless with their demands, some realistic and some completely unreasonable, what seemed
like an attractive idea may have turned into the complete opposite.
At Property Home Buyers we have heard countless horror stories about what the inexperienced landlord has had happen to their properties, from stealing every item inside to turning their pride and joy into a Cannabis factory. We would stress these cases are generally the exception rather than the rule, however when these incidents do occur they can cause all manner of problems and cause large unforeseen expense. If any of these ring true and you are finding that being a landlord is all too much trouble then we can help.
We have a range of creative solutions to help landlords like you be able to move on from their property, whatever its condition.
It’s now well documented that housing prices have been falling in recent years and it may take more time for the market to correct itself. During this time, you may be looking to move out of your property investment until such a time when investment conditions are set to improve. Time is money. For many landlords, the current market has made it nearly impossible- and in many cases, financially unviable - to achieve a quick sale through traditional means. Despite this reality, Property Home Buyers will still guarantee fast property sale in as little as a week of your agreed offer!
We buy rented properties with or without HMO licenses, tenanted or not, irrespective of their condition and location. Whether they are good tenants or bad tenants, we will still discuss your options and help you understand what choices you may have available to you.
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