A lot of people dabble in real estate investing by having one or two properties. What happens to many investors is they have an issue with problem tenants. Tenants that destroy the carpet and put holes in walls and of course don't pay the rent. These property owners end up asking themselves, "Why am I doing this?"
Investment property owners sometimes just don't realize how much work it is to be a landlord. From the calls about the A/C not working to the letters from the HOA that the yard has weeds and chasing down the renter for the rent every month.
Property management companies will take off much of the burden of being a landlord for a price. Many companies charge 8-11% of the monthly rent. But they also take care of any issues with disturbing the home owner minimally.
Many of the homes coming onto the market are these investment homes where the property owner is just tired of being a landlord. Now that prices have come up some they are able to turn a bit of a profit and cash out.
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