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Updated almost 5 years ago,
What would you do in this situation ?
I wanted to know what would you do in this case. I have a rental SFR in WV that was primary residence before moving to WA state. Tenants lease expires on April 30, 2020. I had talked to tenants 6 months ago and let them know that lease will not be renewed and also sent them non renewal letter by certified mail 45 days before their lease expired. This tenant has been late paying rent for last 3+ yrs every month but I do get the payment. I even reached out to tenants and asked if I could help them in anyway finding their next home, also told them my realtor has few units for rent. When my realtor reached out to them she was told they need something bigger than what she has.
I don’t know if I’m just assuming this but I’m afraid they will be a trouble moving out. And also given the current lockdown situation it creates another issue. My plan is to renovate this rental and put it on market for sale. There is no doubt that I would like to sell and get some cash for next project. Not sure how’s the market going to be in next few months when I put it for sale. One thing, it’s in a good location. Just not sure if I will get what I had expected few months back. What would you do or how would you tackle these issues of getting tenant out and sale. Thank you for your feedback.