Selling a duplex in Jefferson.

[Nancy Carr]

Will be listing a tenant occupied duplex in Jefferson county soon. We have never listed a rental for sale before so I have limited experience with that. We bought them as foreclosures.  

I have a realtor that will list it, but want to be sure I double check that the listing has what it should. 

I am thinking we need to provide how much we pay in property taxes and insurance. Do I need to provide how much we set aside for repairs each month? 

Do we need to list the appliances and window treatments in each unit?  How much in monthly rents we receive in total?  

What is your strategy in having the units viewed with tenants?  Offer a rebate each month for allowing showings? 

Any advice you can offer would be appreciated.  Thanks! 

[Winston Covington]

Hi Nancy, I'm a Realtor in Southern California but I own SFR's in Huntsville / Madison County so I'm happy to help a fellow Alabama Investor. . Your Realtor should guide you on this but as a matter of interest to prospective Buyers, you should post all of the information you can on your income and expenses. Pictures of the interior are also advised along with an inventory list of appliances and what stays with the purchase. Most Sellers will expect to show the units once an acceptable offer has been agreed upon. A conversation with your tenants would be wise as well. Inform them that their lease will be respected and a discount for their cooperation helps. Always be courteous and expect to show copies of your utility bills, other expenses, lease agreements and tax returns to verify income and expenses