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Updated about 8 years ago on . Most recent reply
Selling out of state rental properties
Does anyone have experience selling their out of state rental properties? I own a rental property out of state with my business partner and need to sell it once the current tenant's lease is up. I live in CA and the property is in OR. The property is currently rented through April and we use an external company for managing the rental. My business partner needs the cash, so we are planning to put it on the market once the tenant's lease is up. So my questions for any long time out of state rental owners, who have sold some of their properties are:
-How do you manage the process from out of state?
-Do you list the property before the tenant moves out?
-How do you coordinate any repairs or upgrades that need to be made before it can be sold?
-Do you list the properties in rental shape or put in some money to attract traditional buyers?
-If you use an agent, what sort of help will the agent traditionally provide beyond just listing the property?
-Any other tips or advice you can think of?