Maybe your tenants either don't pay for it on time, or worse, not at all. Perhaps the house fell into such disrepair that the rent money you receive had to go back to the house, leaving you with zero benefit.

After all, you initially became a landlord to make extra cash flow every month. If you're in this situation, it's probably time to make a move. This is the number one reason that we hear from the landlords asking for our support.

Maintenance call comes in at any time of night? Neglect, huh? Abuse of the property? And what about the squatters (illegal tenants)? Squatting is a real life situation that we're struggling with all the time, as in this case:

A lady we worked with, in collaboration with another man, to buy a rental property. The aim was to buy the property under her credit, and he would be responsible for repairing the property for sale.

Turns out, all of his mates moved in and never paid a penny in rent. They've been professional squatters. Although all the financial burdens fall on her, they made the most of living in her property for free! They've ever had little hope of repairing the place or paying for it.

"Squatters rights" also known as "adverse possession" means that the trespasser is simply attempting to acquire legal title to the land through continuous possession. Laws in Texas and Oklahoma shield landlords in that a squatter must meet stringent conditions in order to have the right to own property. In Texas, they can't even begin to claim ownership until they've been living there continuously for three years. It's been 15 years in Oklahoma.

Although this poses a dilemma for you as a landlord, dealing with the situation promptly and through the right legal channels is the best course of action. We will help if you need legal partners.

Your own rental property can require substantial deferred maintenance and repairs. The financial drain is a very frustrating one. The rent no longer covers the expense of running the house, let alone making a profit. At this point, it may be in your best interest to sell the rental property in cash as-is. Don't think about costly repairs.

Stuff like a new roof, flooring or carpeting, plumbing, etc. will cost tens of thousands of dollars. You won't be able to rent the property during construction. This can present a distressing situation for landlords who rely on monthly rental income.

You should skip all of these if you're tired of being a landlord. There are several reasons why you may be tired of becoming a landlord. You may have financial difficulties in maintaining your house, or even if you have financial flexibility, you may not have the time to deal with the tenants and take care of the maintenance jobs necessary. You might also feel like you don't get the desired income from your land. You spend a lot on maintenance and repairs, and you don't get cash flow in return. If this is the case, you can explore other ways to make a profit back from your property without going through the repair and other difficulties.

When working with Property Country, we can make a reasonable offer to you on your property. No low-balling, or trying to haggle you into selling to us as cheaply as possible, as most investment firms do in the night.

If you are no longer interested in managing your house, you can employ a rental management company to take care of it. Rental management companies will take on all the obligations of your land. They are licensed and can deal with bad tenants and other property issues. In return, however, you would have to give the management company a percentage of the rent. They will act as landlords, manage maintenance work, and take care of the tenants.This is a fantastic idea if you have a spread in your monthly rental income to handle it, but if you don't, you might not be able to employ a rental management company to take over for you. You will now also be responsible for the costs of maintenance, replacement of AC's, and more. If this is the case, it could still be better to sell to an investor and move to another investment property or get out of it altogether.