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General Landlording & Rental Properties

User Stats

89
Posts
39
Votes
Bob Foglia
  • Investor
  • Denver, Colorado (CO)
39
Votes |
89
Posts

Selling an occupied rental

Bob Foglia
  • Investor
  • Denver, Colorado (CO)
Posted Jan 13 2021, 07:24

I have a rental "by default" (it was my primary residence but d/t the economy I held it when I moved)... Anyway, it is not a great rental but does have a fair bit of equity built up... The same renters have been in the house for a few years, but are currently month-to-month. Not the greatest renters, so I'm considering all my options... What are my options??? What are the ramifications to a purchaser of an occupied property? It is going to need some sprucing up... would I be better off encouraging the renters to find another place to live (they owe me some money I'd write off if they leave). Thoughts?

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