Do you own a rental property in the North Shore? Did your last tenant leave it in bad condition? It’s not uncommon! Most landlords have had to face it at least once. If you are currently in this difficult situation, here are some things to think about…
Is it worth going after the tenant legally?
First, you should assess the damage and determine if it is worth going after the tenant with a lawyer. Most of the time, unfortunately, it’s not worth the hassle or expense to try to get the tenant to pay you for excessive damage. Only if the damage is significant enough is it worth pursuing this option.
Is it financially worth repairing the damage?
Holes in the walls? Missing toilet? We’ve heard of it all! Sometimes some minor touch ups to paint or drywall can fix the problem. If this is the case, you may be ready to just do the repairs yourself, rent it out again, and chalk it up to being in the rental business. However, if the damage is beyond the scope of something you want to pay to repair, here are a couple other options:
You can rent your house to a handyman.
One often not thought-of option is to rent your house or apartment to a handyman. In exchange for a discount on rent, or free rent, they can make all the necessary repairs and updates while they live there. Do make sure you have a timeline set up, and signed, to avoid them taking advantage and living there too long without completing work.
Sell the property!
The last option is to sell the property and escape the frustration of owning a rental property. If you want to sell it the conventional way in the open market, be aware that you would likely need to make repairs for a real estate agent to list it. A great option is to sell the property privately to a house-buying team like ours at MA/NH Home Buyers LLC. We will buy the property as is, no matter the condition, in a quick and easy process. (Sometimes in as little as 7 days!)
MA/NH Home Buyers makes the selling process easy with our proven simple process:
1. Call/text us at (978) 755-0782.
2.Have a quick conversation with Jeremy or Michelle about the process.
3. If we are a good fit for you and your property is a good fit for us, we will schedule a time for a quick walk through the property with you.
4. We will make you a cash offer. We cover all closing costs and give you cash for your property!
If you are interested in selling your rental property in Haverhill, MA, anywhere in Southern NH or the North Shore of Massachusetts, give us a call or text or just fill out the form below! No obligation, just a conversation.