Selling Townhome with Existing Tenants

[Michael Dardaris]

Good afternoon!

My family and I own a rental townhome in Falling Waters, West Virginia (eastern panhandle bordering Maryland and Virginia) that is currently rented. We would like to sell and invest the resources (time, money, credit) into vacation home rentals inn Deep Creek Lake. We have had amazing tenants who don't qualify to purchase the home and there lies our problem. I don't want to sell the place they have lived for over seven years out from under them. I would love to sell the property to a person or entity looking to capitalize on a turn key investment who would be willing to keep these awesome tenants in place. Monthly rent is $1750. The value of the property is between $245-255K. Any thoughts suggestions or referrals are most welcome!

Thank you to all!

Mike

[Michael Dardaris]

Thank you everyone for the different perspectives. I think we are going to sell, provide the current renters a cash incentive (essentially pay them to show the home, and give a small percentage if the home sells before a certain date to encourage their participation in the sale).