Dealing with persistent headaches caused by a troublesome rental property can be a daunting task, requiring both time and effort. If you find yourself at a point where you’re ready to minimize your losses and sell the property, you’ve likely contemplated enlisting the services of a real estate agent. However, apart from the exorbitant agent fees and preparation costs, the main issue with listing the property lies in the unpredictable amount of time it could spend on the market, accompanied by the ongoing expenses you’ll incur each month for utilities and maintenance. Alternatively, you may have considered selling the property on your own to save on commissions. Unfortunately, For Sale By Owner (FSBO) listings usually have a low success rate, with only 11 percent resulting in a sale, often fetching around 25 percent less than agent-listed properties.
So, what options are available to an investor in this predicament? If you’re eager to put an end to these troubles, continue reading as we delve into three alternative strategies for dealing with a problematic rental property in Minnesota.
Exiting an investment can prove challenging, no matter how appealing your property may be, if it is situated in an unfavorable location. Whether you neglected to conduct thorough research before purchasing or the neighborhood has experienced a significant decline, the rental’s location can severely impact your potential returns. Prospective tenants are drawn to safe areas characterized by low crime rates, reputable schools, and convenient amenities such as parks, transportation access, and proximity to commercial and shopping districts. In light of these circumstances, it might be worth considering a direct sale to a professional buyer like those found at Matt Buys Houses MN. By opting for a direct sale, you can save valuable time, effort, and money, as well as benefit from guaranteed closings within a matter of days at no additional cost. With Matt Buys Houses MN, a professional buyer, taking over, you can finally embrace a worry-free life, leaving your troubles behind.
In some cases, the property itself can become a significant issue. While a real estate deal may seem promising on paper, many investors realize too late that the property requires extensive renovations to generate a profit. If you find yourself caught in a never-ending cycle of costly repairs, a potential solution could be a direct sale to a professional buyer, such as those at Matt Buys Houses MN. At Matt Buys Houses MN, our professional buyers are ready to purchase your problematic rental property as-is, offering you a cash payment without any commissions. We prioritize transparency, providing you with a comprehensive breakdown of costs and profits associated with a traditional listing versus our direct offer for your property, ensuring fairness in the process. At Matt Buys Houses MN, our aim is for you to have a positive experience working with us long after the transaction is complete. As local professional buyers, we live and work in Minnesota, deeply caring about our community and helping individuals like you overcome their property-related challenges.
Matt Buys Houses MN
The easiest thing you can do with a bad rental property in Minnesota is to sell directly to professional buyers at Matt Buys Houses MN. At Matt Buys Houses MN, our professional buyers have optimized efficiency and lowered costs with a full-service in-house team of industry specialists to handle everything, saving you even more money and time. Let the professional buyers at Matt Buys Houses MN help you locate your next investment so that you can take advantage of the tax benefits of a 1031 exchange. Ask your professional buyer from Matt Buys Houses MN about our current inventory of the best investment properties available in Minnesota. In addition, the team at Matt Buys Houses MN includes property management pros who can help you with everything from cleanouts to tenant placement or on-site management and protect the remainder of your holdings from becoming bad rental properties in Minnesota. Call Matt Buys Houses MN at 612-293-3532.