Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

161
Posts
152
Votes
Angela Smith
152
Votes |
161
Posts

Selling a SFH while occupied

Angela Smith
Posted

I posted about this a couple weeks ago.  The tenant's lease ends August 31.  My intention is to sell the property in September.  However, the tenants have not yet found a new place to rent.  August 31 is fast approaching.  I have contacted the tenant and have offered to transition their lease to a month to month contract.  I have written an addendum to the current lease that spells out the month to month clause and I have told the tenants that I will be there in the morning so they can sign this agreement.

I don't want them out on the streets, but I also don't think they are working that hard to find a new place.  They are being very picky about the properties and they expect they can get a mansion for a song.

Anyway, I am starting to consider selling the property even though the tenant is still living there.  What has been your experience selling under this circumstance (or buying).  I'm not desperate to sell it and can carry it a while even if the tenants don't pay and become squatters.  however, after trying on the landlord hat for a while, I have decided it too much hassle while also having a full time job, and being a wife and mother. I want to sell.  but the tenant won't leave.

Loading replies...