How to sell a rental property with a tenant
Being a landlord can be a great way to make extra cash flow (when things go well). Sometimes however, things don’t go so well with your tenants. They don’t always take care of the house and can cause extra maintenance of things like septic tanks and air conditioning. In worse cases they can cause damage to your asset. Being a landlord can be hard work and not everyone enjoys it. We speak to rental property owners all the time who are ready to turn their investment property into cash and move on from managing tenants. They generally have a lot of questions about the process so we put together these frequently asked questions about selling your house with tenants. If you have any other questions or would like to discuss the potential of us buying your rental property then feel free to give us a call.
Can I sell my house with the tenants in it?
Yes you can sell your rental property while the tenants are there. We buy rental properties so don’t mind having a tenant there. If they are good tenants we would be happy to keep them. We know it’s hard to present your property when you have tenants as they won’t stage the house for you or may not be cooperative with inspections. We understand this and this isn’t an issue. We buy houses all the time and the way they are staged is not a factor for us. We would only need a 5 minute inspection of the property before we make a firm written offer to buy it and only look at the main structure and mechanics of the house. We can also give you a fair indication of what we would pay once we speak over the phone so will only ever bother your tenants if it looks like we can pay your price.
What if they are bad tenants?
While we much prefer good tenants, we will still buy a house with bad tenants. We have experience with evicting tenants like this and repairing any damage they have done. So if you would prefer us to deal with this we can buy your house with the tenant in place and take over this problem.
What if I don’t want my tenants to know I am selling?
We understand it can be sensitive letting your tenants know that you are thinking of selling. We can generally figure out if we can pay what you need for the house before we see it. We will have a phone call to get information about the condition and will do your research and be able to give you an indication of whether we can meet your price. This way we will only ever go and see the property if we are actually close to a deal.
Do you buy houses with Section 8 tenants?
Yes, we work with section 8 tenants and have no issues buying an investment property with a section 8 tenant.
Can I still sell the investment property if the house is vacant?
If your tenants have moved on and the house is vacant we will still buy it. We regularly buy rental properties that have sat vacant for a long time after a tenant has damaged it. We will fix these properties up so a new tenant can move it.
Are you ready to sell your investment property?
If you are thinking of selling your investment property then reach out to Home Buyer Louisiana to discuss how we can make this process easy and profitable for you.