The Surprising Truth of Being a Landlord in Philadelphia

Being a Landlord in Philadelphia

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

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

The 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 Philadelphia: You give up your personal life – no more private time, no more vacations, no more weekend getaways; all because you’re so busy as a landlord.

There’s the work required.

Owning a rental property will keep you busy. There’s the work required to find the property, fix it up, find a tenant, and answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you must take their call and deal with it. That means: no more vacations, because what will happen if the toilet overflows while you’re in a different country?

There’s the time

Some landlords try to own a rental property while they have another job, but many discover it’s just as time-consuming; it’s like having a second full-time job! Between chasing down your tenants and fixing things around the house, it’s one thing after another, and you may not have time to work at your other job; that’s with ONE rental property. Landlords who own two or more are even busier.

There’s the cost

Rental properties aren’t cheap. Sure, you get some rental income from the tenant, but you also have to take care of the property, fix it up, make home upgrades, and repair it if the tenants trash it when they leave. In other words, the costs add up, and the financial rewards of owning a rental property may not be there for you.

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, and you worry about it constantly, and perhaps you even fear opening the mail because you may find bad news in the next envelope. That’s no way to live.

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 [215-359-6090] and we’ll make you a fair offer today.

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