You Know You’re A St. Louis Landlord When…
Being a landlord in St. Louis is not always easy. The city is growing quickly, and presents its own unique challenges to landlords. And because Missouri has very strong tenant protection laws, it can be tough to get rid of a bad tenant!
In this article, we’ve put together the top 8 signs that you’re sure to recognize if you’re a St. Louis landlord. Check them out – we’re sure they’ll be familiar! You know you’re a St. Louis landlord when…
1. There Are Only 6 Days In Your Week – Because One Always Goes To Your Property!
People who have never rented out a property probably think that it’s the best thing in the world. “You don’t even have to do anything!” they’ll say to you. “You just sit back and collect rent!”
Well, landlords know that this is far from the truth – especially if they are managing multiple properties. If you own one or more St. Louis properties, chances are that you have to spend a good amount of your weekends or weeknights performing property-related tasks.
From collecting rent, to gathering complaints from residents, scheduling property servicing repairs and maintenance, and so much more. There’s always something to do for your property – and there’s not always enough time to do it!
2. Your Hands Are Perpetually Covered In Paint
The humid climate of St. Louis can wreak havoc on exterior paint jobs – and that means that you’re going to be spending a lot of time repainting the outside of your rental properties.
You may also have to repaint the interiors of your rental properties when they go onto the market. Turnover rates are quite high in St. Louis, so a new coat of paint may be just what your property needs to appeal to a potential renter.
3. You’ve Actually Considered Paying $8K Or More For Eviction Assistance
Tenancy protection laws are great – but in St. Louis, things go a bit too far. Disputes between landlords and tenants over rent, lease violations, and criminal activity are not uncommon – but it can be hard to build a case against a tenant, and legally enforce their eviction, and reclaim your property.
If you live in St. Louis, and you have a rental property with a tenant who has violated your lease agreement, you may be thinking about paying the high fees related to obtaining a lawyer, and getting eviction assistance. It’s not a pleasant thought, but it’s certainly crossed your mind!
4. You’re On A First Name Basis With The Employees At Your Local Home Depot
As soon as you walk into Home Depot, Greg, the cashier greets you – and asks you if it’s the leaky toilet again. “Yep!” you say, as you smile and walk towards the plumbing aisle.
Managing a property is a lot of work – and you can save quite a bit of money if you undertake basic repairs and other maintenance issues on your own. That’s why you’ve become a DIY expert with the help of the people at your local home improvement store, and a bit of Googling!
5. You Have More Tenant Contacts In Your Cellphone Than Friends And Family
If you manage quite a few properties, you may find yourself talking to your tenants and renters more than you talk to your friends and family! Depending on your tenants and your properties (and your family!) this may be a good thing – or a bad thing!
But dedicated landlords are the best landlords – and by always responding to your tenants on time, you make renting from your property the best experience that it can be!
6. Your Vacant Properties Are Always Up For A Showing
St. Louis has a very high property turnover rate, compared to the rest of the country. It’s estimated that around 54% of properties are vacated every year. Around 40% of apartments in America are vacated every year.
So if you have a property in St. Louis, chances are that you’re only going to be renting it to most of your tenants for about a year at a time – and you’ll have to spend plenty of time maintaining and cleaning your apartment, and getting it ready for your next showing.
7. You Might Actually Enjoy Your Tenants!
If you’ve been a landlord for any period of time, this shouldn’t surprise you! St. Louis has a reputation for being a very friendly place to live – particularly for local residents who have spent their whole lives in the city.
If you take the time to interview tenants and vet them properly, chances are that you have a great relationship with them! You may even be invited to family functions like barbeques and cookouts – and consider some of your tenants to be very good friends.
8. You’ve Considered Selling Your Property – Multiple Times!
Being a landlord is not easy, but it can be very rewarding and lucrative. However, if you have some bad tenants, or a previous tenant has destroyed or damaged your property, the frustration may lead you to think about leaving the world of property management and landlording forever. This is especially common during a tenant dispute or eviction process.
If you are a property owner in St. Louis and looking to sell your property, Max Cash Home Offers is an ideal choice. We offer fast cash offers to property owners who want to get rid of a property quickly and easily.
Interested In Selling Your St. Louis Property? Get Started Now!
If you’re a St. Louis landlord and you want to stop managing your properties, selling them to Max Cash Home Offers is a great choice. We offer instant cash offers for most St. Louis properties, and we can complete the process within just a couple of days – allowing you to relieve yourself from the stress of being a landlord. Contact us now to get started.
Max Cash Home Offers offers instant cash offers on houses nationwide. We do not provide legal or financial advice. For information on foreclosure, eviction or any other legal situation make sure you contact a local attorney.
Author: Ryan Cruz
Ryan received his Bachelors of Science in Business Administration from the University of La Verne. Ryan has a strong passion for marketing and the real estate industry while leading and managing all online marketing efforts for Max Cash Home Offers.