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Tired of Being a Landlord? Sell Your Rental Property in Kansas City
We Buy Houses in Kansas City
in Cash!
If you are looking to sell your house fast in Kansas City we buy houses in any condition!
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Get A Fair Cash Offer On Your House
Should You Sell Your Rental Property?
Being a landlord doesn’t always make sense from a financial and quality of life perspective. Whether you stumbled into rental property ownership or you have collected a portfolio of rental properties intentionally, there comes a time when every rental property owner wonders if the headaches and financial returns are worth it.
If you are having second thoughts about owning your rental property in Kansas City, Crown City Home Buyers is here to help.
Crown City Home Buyers is a real estate advisor and home buyer in KC. We assist homeowners looking to potentially offload or redirect cash locked in their unwanted property. Requesting a consultation about your rental property is free and comes with no risk and no obligation.
Get A Fair Cash Offer On Your House
Financial Perspective
At the end of the day, owning one or more rental properties is a business. Your rental income is revenue. Your tenants are your customers. Your real property is an asset. Your mortgage and deferred maintenance are liabilities. The best way to judge the performance of your rental property business is to look at two things:
- The free cash flow that it generates
- The equity you have in your property
There is a litany of factors to consider when determining cash flow: mortgage principal, interest, taxes, insurance, property management, maintenance reserve, and the cash value of your time. It’s often shocking to realize how much actually goes into determining if owning a property is financially beneficial. Crown City Home Buyers has owned and managed rental properties for a long time, we’d be happy to sit down with you and help determine the viability of your asset.
Get A Fair Cash Offer On Your House
Quality Of Life Perspective
Rental properties are not just financial investments, they can be time investments. As we covered above, they are a business and they do not perform well with absentee owners. That's why we recommend factoring in the cost of your time if you self-manage your property. Even if you use a property management company, you're still ultimately responsible for managing your rental property. Finding a great property management company is usually easier said than done, and a low percentage of property management companies perform to a satisfactory level.
If you're retired and you want something to keep you busy, owning and managing rental properties might fit in great with your lifestyle. If you're retired and you want to travel or reduce stress, owning rental properties might not be an ideal situation.
If you own one or more rental properties and you are worried about leaving your loved ones with an unwanted responsibility when you pass on, it might make sense to cash out on your investment.
Most Common Reasons to Sell Your Rental Property
Drawing on the above concepts and adding one final point to the list, here are the reasons why landlords get tired of owning a rental property:
- Financial returns are inadequate
- Quality of life is negatively affected
- Political and economic factors
To this final point, we can look to the #rentstrike movement brought on by the major economic shock caused by the COVID-19 pandemic. Landlords, especially "mom and pop landlords" got squeezed by a moratorium on evictions, and a growing resentment towards landlords.
Get A Fair Cash Offer On Your House
No matter your situation, we have the resources to buy your home and help you sell your house fast in Kansas City! We buy houses in any condition or price range for cash. We make it easy to sell your house fast, and you don’t have to worry about making repairs.
We buy houses in Kansas City that are in any condition.
Any Reason
- Inherited Properties
- Relocation
- Upgrading
- Downsizing
- Foreclosure
- Major Repairs Needed
- Divorce
- Bankruptcy
- Health Issues
Any Condition
- Old, Outdated Houses
- New Houses
- Storm Damage
- Fire Damage
- Termite Damage
- Full of Stuff or Trash
- Major Repairs Needed
- Problem Tenants
- Unfinished Construction
Any Challenge
- Financial Issues
- Title Issues
- Code Violations
- Hoarder Home
- Low Equity
- Large Liens
- Out of Area Property
- Family Matters
- Late on Mortgage Payment
What Are Your Options as a Tired Landlord?
1. Hire a Property Management Company: When owners don’t have time to manage their property, they can bring in a third party management company to take care of issues like rent, maintenance, and more. This added expense of 5-10% can take away some of the stress of owning the asset, but can significantly eat away at your profits.
2. Sell the House With a Real Estate Agent: If an owner wants to sell the house completely, some choose to work with a realtor. This is a traditional option but has its downsides too. It can be difficult for agents to sell your house with tenants living on the property. Real estate agents also come with fees, commissions, and it can take weeks or months to sell the property, depending on the market at the time.
Next Step: How Can Crown City Home Buyers Help?
If you have decided to sell your house, working with an investment company can be one of the most cost-effective and time-saving solutions. It’s not always easy to sell your house fast, but with the right team, it may just be the best option. We buy houses in Kansas City so you don’t have to spend money on real estate fees and commissions or worry about how to work around your tenants.
One of the hardest decisions in a landlord situation is how to sell your house when there are tenants happily living in the property. When you sell to an investment company, they become the new landlords.
You can also sell your house faster than if you were to work with a traditional real estate agent. Crown City Home Buyers will buy your house in the condition that it’s in now, regardless of how much you owe on the property AND we will do it quickly and efficiently.
After taking a quick look at the condition of the property, we will make a cash offer within 24 hours. If you are happy with the offer, then the process can be completed within 7-10 days! No need to worry about banks, inspections, or commissions. We will never pressure you to accept our offer, so if you want to do a different route, that’s fine! Above all, we want to ensure that you are happy with each step of the process.
If you own property in the Kansas City area and are tired of being a landlord, enter your information below. A Crown City Property Specialist will reach out and can give you a cash offer or help determine the next best step for you!
Get A Fair Cash Offer On Your House
We here at Crown City Home Buyers are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.