Being a landlord can be a wonderful experience. You get extra cashflow, you get to invest your money in a way that can truly benefit other people, and it can even be fun. But what should you do if it starts feeling like a chore? What if you want to free up capital to use on something else? If you’re feeling these things, it might be time to sell your rental property.
Unfortunately, selling a rental property can be a lot harder than selling other types of property. You have tenants to consider. You can’t just sell to anybody; you have to sell to another investor (at least if tenants are still renting out the property). This narrows the pool of potential buyers.
We’re property experts located in Washington DC, Maryland, and Northern Virginia. Here’s how to make things easier when you’re considering selling your rental property.
Start Networking with Other Real Estate Investors
In your years as a real estate investor in your area, you’ve probably met other landlords and property managers in the area. This can help you find potential buyers for your rental property. All your networking will really come in handy when it comes to selling your rental property. Even if you just know a couple of other investors, they can help you put the word out. Hopefully, you can find someone who is looking to add a property like yours to their portfolio, especially if the property is still performing well for you.
Sell Your Investment Property for Cash
While there can be other successful ways to sell a rental property, the easiest way by far is to find a cash buyer like MarketPro Homebuyers. Selling to other real estate investors can take a lot of time and money if you have to repair the property to get it in good selling condition. In addition, it can take months of work to find the perfect buyer.
With MarketPro, you don’t have to spend time tracking down potential leads and explaining the ins and outs of the property to prospective buyers. It also doesn’t matter how well your property is performing, or whether it’s in good condition or not. Instead of worrying about whether you’ll find a buyer or whether the sale will go through, you can have confidence. And as an added bonus, you’ll get paid upfront in cash. With MarketPro Homebuyers you can sell your rental property right away if that’s what you’re looking to do, or you can wait until the time is right. We’ll be here when you are ready.
Are you interested in selling a rental property in the Washington DC/Maryland/Northern Virginia Metro Area? We can help! Send us a message or give our office a call today!