The Trusted Home Buyer Logo602-456-4440

4 Signs Its Time To Sell Your Investment Property in Phoenix

a person smiling for the camera

Martin Boonzaayer

December 5, 2019

Do you need to sell your investment property in Phoenix? In our latest post, we offer ways to know it’s time to sell as well as the options available to you!

While owning real estate is one of the best ways to generate extra income, not every property is going to be profitable. Many investors hold on to properties far longer than they should, completely negating any profits they had made in the past. If your investment property isn’t performing as you would like to, maybe it’s time you consider selling it for something else! Keep reading to learn more about our 4 signs its time to sell your investment property in Phoenix.

Negative Cash Flow

Investment properties will always have their ups and downs. It’s part of being a landlord. Look for patterns. If this is a regular occurrence, it might be best to hold on through the slow period. But if you are consistently seeing negative cash flow or if you are having trouble retaining high-quality tenants, it might be best to cut your losses and walk away. Nowhere does it say that you need to hold on to your rental property forever. There are better investments out there, and using the cash from your underperforming rental is a great way to change your situation.

Difficulties In Distance

Being a remote landlord can work for some people. But in some cases, paying a property manager can be expensive and handling things on your own can be next to impossible. Property showings, tenant screenings, checking on the property, and building a relationship with your tenants can be difficult when you aren’t located nearby. Only in some situations are a landlord and tenant able to live far away without the use of a property manager. Many times, these relationships are possible because the landlord and the tenant knew each other previously or through a friend.

The Value Has Jumped Significantly

If you are able to resell the house for a substantial profit, it might be in your best interest to do so. While you could be collecting rent each month, slowly profiting over time, there aren’t any guarantees you will be able to retain high-quality tenants for the long-term. You may run into vacancy issues, the rent prices in your area may fall, and the overall value may drop before you decide to resell down the road. If you have the opportunity to resell the property at a significant profit, it is something you will definitely want to consider.

Maintenance Costs Are Rising

As the house gets older, it will likely cost more to maintain it. As you see your profits diminish and your repair bills grow, you need to ask yourself if this pattern will continue. Having to fix one thing after another can be extremely costly and frustrating. Not only can the maintenance get expensive, but the time and stress caused can be overwhelming for Phoenix investment property owners. Your investment should be a sense of pride and generate income for you and your family. Property in any other state may be more trouble than its worth and a great candidate for a resell.

Do you own an investment property in the Phoenix area that you wish to sell? Let’s work together to run the numbers! Find out if you should keep the property, sell it directly, or hire an agent to help you! You have options when selling your Phoenix investment property, and we are here to help!

Explore more

September 20, 2023
Selling Your House Fast in Phoenix

If you're a homeowner in Phoenix looking to sell your house quickly, you're in the right place! We understand that life sometimes throws unexpected challenges at us, and selling your house fast becomes a necessity.  In such situations, working with a real estate investor like The Trusted Home Buyer can be a game-changer.  In this […]

Read More
September 4, 2023
Transform Your Renovation Nightmare into a Dream Sale

Selling a house that needs extensive renovations can be a daunting task. Investing more time and money into a property you want to part with can be very stressful.  However, there's a solution that can make the process smoother and more profitable: working with a real estate investor.  In this blog post, we'll explore how […]

Read More
August 16, 2023
Selling Your Arizona Home As Is

Selling a home in Arizona can be a complex and daunting task, with various decisions to make and preparations to consider. However, a streamlined solution has gained considerable popularity: selling your home "as is."  This approach offers a range of advantages, including convenience, speed, and the ability to avoid costly repairs.  In this article, we'll […]

Read More
August 3, 2023
Selling Your Rental Property in Arizona 

Are you a tired landlord looking to offload your rental property and simplify your life? Selling your rental property to an investor might be the solution you've been seeking. The Trusted Home Buyer, specializes in helping landlords transition out of the rental market with ease. In this blog post, we will explore the benefits of […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 64 reviews