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Updated about 8 years ago on . Most recent reply

User Stats

280
Posts
88
Votes
Christine Mwai
  • Investor
  • Alabaster, AL
88
Votes |
280
Posts

Do's and dont's of trying to sell a rented property.

Christine Mwai
  • Investor
  • Alabaster, AL
Posted

Hey BP. Please offer any and all input, experience, advice on selling a property with a lease in place. This is a SFH in a great area with 6 months left on the lease.

Most Popular Reply

User Stats

264
Posts
120
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Mark Fedorov
  • Allentown, PA
120
Votes |
264
Posts
Mark Fedorov
  • Allentown, PA
Replied

I would suggest that you make the next lease with the clause that the lease can be canceled with 90 day notice if the ownership changes hands, that way you would be able to sell to investors and to people who want to live there.

... also... offer it first to the tenant for 5% less than list price.

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