Selling a Problem Rental Property in Sioux Falls, South Dakota
How Dale, a Sioux Falls Rental property owner, sold his problem rental that was costing him thousands of dollars and got the hoarder tenant out of the house.
Dale had a rental property on the south side of Sioux Falls that was causing him huge financial stress. He owned this property for many years without an issue until his tenant was no longer able to pay rent. He wanted to help the tenant out the best that he could, but things quickly spiraled out of control. His problem tenant had not paid rent in over three years and was not maintaining the home anymore. He was not allowed entry into his own home and continued to pay utilities and taxes on the home. He was in a bad situation with a tenant who was manipulating the situation, making it even harder…
Dale reached out to us with a house he needed to sell and a situation he needed out of. He was an out of state homeowner and did not have the time, money, or mental energy to deal with his rental any longer. He gave us the name and number of the renter and asked us for help. We went out and met with the tenant living there the same day.
The house was in total disarray and it was obvious no upkeep had been done in several years! It was a, by definition, fixer upper or total remodel project that needed to be done right away. We talked with Dale and sent him photos, many of which were worse than what he expected them to be of his formerly beautiful home. He was not in the situation where he could handle this on his own and worked with Metastone Property Solutions to get out of a terrible situation and into a better one.
We were able help Dale out of his problem rental in Sioux falls in less than 30 days and alleviated his 3-year financial headache! We purchased his property using a reputable Title Company right here in Sioux Falls. Being cash home buyers allows us the capabilities to close on homes and rentals quickly.
Dale did not have to put a single dime into his home before closing and did not even need to drive back to Sioux Falls from his farm in central Minnesota. We were able to do everything electronically and wired him his closing funds the day of closing.
Problem rentals and fix and flips in Sioux Falls are very common and can come seemingly out of nowhere to affect homeowners and rental property investors alike.
If you have a rental property or a home that is causing you mental or financial stress in the Sioux falls area or know someone struggling with a home please reach out to us on www.webuyhomesiouxfalls.com and we will be happy to help in any possible way!
