SFH tenant while selling house - what to do?

[Carly M.]

Hello!

We're selling our SFH in Idaho to get cash on hand to prepare for whatever is about to

Come. Our thought is better to have more doors than one during this time so we want to pull the money out for more multi family.

Our realtor / who is also our pm suggests giving the tenant one month free rent for their trouble ($1350). And told me I’d better prepare for them to leave and cover the mortgage while it’s on the market.

It’s in Twin Falls, Idaho and price range $210-219k. She says it’s about a 60 day on market for those houses.

How do you handle to SFH selling with tenants? I've only sold multi family to investors who know there will be tenants in place. This has potential fir a family yo move in.

Also, any investors interested in a SFH in twin falls, Idaho ?! 😁

[Corby Goade]

Every market is different- I'm a Realtor in Boise. Here, most realtors require an offer to be accepted before the buyer can walk through the house, doesn't seem to slow anything down because demand is pretty high. I'd assume TF is pretty much the same. 

I wouldn't just offer the tenant cash- treat them well and ask them to return the favor. You won't bother them any more than necessary. That's totally fair, assuming your PM has been good to them all along. 

Best of luck!