Selling Properties with Tenants

[Kevin Feltner]

I plan on selling two investment properties later this year. I will be placing new tenants in May or June, and I would like to sell the properties with the tenants occupying the condos. There is no issue with a rental cap, as the association does not have one in place. These condos almost always sell to investors.

Do you have a suggestion on verbiage to include in the leases? Any other insight you can offer is greatly appreciated. 

[Jaysen Medhurst]

Nope, @Kevin Feltner. Nothing you need to do until you're ready to put it on the market. Then give your tenants a heads-up that you'll have to do showings. Better yet, when the time comes, give them right of first refusal at full asking price and save yourself the selling costs.