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Updated over 9 years ago on . Most recent reply

User Stats

30
Posts
9
Votes
Sam Masiello
  • Investor
  • Commerce City, CO
9
Votes |
30
Posts

Want to sell property that still has tenants

Sam Masiello
  • Investor
  • Commerce City, CO
Posted

I am at the stage that i want to sell the investment property that I bought as my first one a few years ago.  I am feeling pretty sentimental about it, but the problem that I have is that I still have tenants in there.  I've looked at many occupied properties before from a buyer's perspective, but this is the first time I am selling one myself and am looking for a little guidance as to how to proceed delicately as the tenants are pretty loyal to me as a landlord and I am assuming aren't going to take news of the potential sale well due to the uncertainty of a new landlord and whether or not they will continue to honor the existing lease.

They currently have about 5 months left on their existing lease and although I would love to wait until their lease is up before selling, at the same time I don't want to sell the place in the late fall/early winter.  

Any advice (or additional qualifying questions) appreciated.  Thanks in advance!

  • Sam Masiello
  • Loading replies...