Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

34
Posts
3
Votes
Gustavo Gonzalez
  • North Hollywood, CA
3
Votes |
34
Posts

Selling rental property while tenant occupied. Pros vs Cons?

Gustavo Gonzalez
  • North Hollywood, CA
Posted

I have 2 properties (single family homes) in San Bernardino County - Adelanto, California to be exact that I have now labeled my 'problem' properties.  The original plan for these 2 properties purchased over 2 years ago was buy and hold but a string of multiple events with poor tenant selection/population has now forced me to consider selling.  In brief, both properties have had tenants I have had to evict only to replace by tenants (current) who have stopped paying their rent and possibly need to be evicted as well. 

The good news is that my local real estate agent believes I have built some good equity and after a sell, I will still be ahead.  I've asked my property management company to place  a 60 day notice to vacate for each property tenant.  However, I really want to sell these properties ASAP some I'm wondering if I should ride out the 60 days until the properties are vacant then sell or should I put the properties on the market while the tenants are still in the property?  Any advice or experience in this matter is much appreciated.  Of course I realize the downside of trying to sell with tenant occupied is that they may hinder the selling opportunity but in the meantime who knows if the tenants will be out in 60 days or possibly more even requiring an eviction.

Regards,

Gus

Loading replies...