sell a property with a tenant before the lease expires

[Christina Venegas]

I have a house in chicago that I want to sell but it has tenants inside and a lease that ends in October. can i sell the house before lease ends or can i give my tenant a 30 day notice so she can leave and ill sell the house. Does anyone here have experience with that or been through something similar, if so can you please tell me what to do in this case. I appreciate your comments

[Joe Funari]

@Christina Venegas I would recommend offering the current tenants a free months rent to vacate the property in 30 days. Then do the make ready and market the property for sale. The reason is why would you only market your property for sale to just other investors. We are notorious for not paying fair market value for investment properties. Also, most investors don't like to purchase tenant occupied properties. Because many investors don't vet tenants properly. In short, don't want to assume another investors baggage. So I recommend you get the tenants out of the property. Then market the vacant property to not only other investors but owner occupants too. This exponentially expands your potential buyer pool. Don't short change yourself.