Las Vegas - Selling properties with our without tenant occupancy

[Einar Mykletun]

Hello BP,

I am looking at selling off some of my SFHs in Las Vegas (price range $145K-$210K). I wanted to hear from others whether you think it will make a big difference (number of buyers) whether the homes are tenant occupied or not.

I'm asking well aware of that there were many more investors looking at Las Vegas some 4 years ago than there are today. However, perhaps some of you (real estate agents, investors) in Las Vegas have intimate knowledge about whether it will hurt me a lot (smaller buyer pool) if some of my homes are tenant occupied at the time of sale.

Thanks,

Einar

[Omar Merced]

Hi Elinar,  I've always found that tenant occupied properties are a pain in the *** to sell unless the rents are good enough for a healthy cash flow.  Also, I always think sellers leave so much money on the table when their properties aren't freshened up for the  end buyer.  First thing I would do would be to run comps and then after that offer it to the renters in there right now.  Just a thought. Let me know if you need any help. Good luck