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Updated over 8 years ago,
Selling a property to tenants?
I own a SFR that I'd like to sell shortly, as most of my capital is tied up in it. It's currently being rented by good tenants--I'd like to see if they'd like to buy the property first before putting it on the market. My property management company has taken care of everything from screening to now, rent collection, repairs, etc.--so they've never even met or talked to me.
Should I approach them/introduce myself when I ask if they want to buy, or like everything else up to this point, should I communicate through my PM? (I'm thinking the latter wouldn't be in their best interest if there's the possibility of losing a property, though).
Thoughts?