Making a Plan

A crucial part of every investment is your exit strategy, including the plan for the sale of the property thought out ahead of time. Investors have to continually monitor the real estate market as well as their holdings, because it’s possible a time may come that it becomes necessary to make adjustments, leaving a landlord with a rental property that needs to be sold that is occupied by tenants. Because of the rights of tenants and the legalities involved, it is crucial to seek out the assistance of a highly experienced real estate professional and follow legal advice as you approach this situation. That being said, here are a few practical tips to help you understand how to sell a house with tenants in Rochester.

Tenants Rights

First off, I’m going to emphasize one thing: your tenants’ rights must be respected when you sell a house with tenants in Rochester. This is super important! Make sure to take the time to educate yourself and understand the local, state, and federal laws that govern selling a tenanted property. It will help make it a smooth operation and keep you from upsetting any apple carts. The cooperation of your tenants in the process of selling the rental property can be priceless, and honestly, the last thing you need is to get off to a bad start or to step on their rights.

Giving Proper Notification

If you are thinking about selling your property, it is important to provide proper notification to your tenants. Depending on the laws in their state, a landlord may be required to give advance notice before listing the property for sale. In some cases, they may also be required to give notice before showing the property to potential buyers. It is best to send notifications in writing and to make it abundantly clear that you have every intention of respecting your tenants’ rights. You should also explain that you would like to work with them to make showing the unit convenient, to gain their cooperation.

Renewals

If you’re thinking it’s the right time to sell a house that currently has tenants, but it’s also near the end of your tenant’s lease, it may be best to wait out the remainder of the term. Selling an unoccupied rental property is a much easier task overall!

Troublesome Tenants

Many landlords learn the hard way that one of the most critical (and underestimated) steps in running a real estate investment business is the tenant application process. This is never more true when faced with the devastation that a bad tenant can inflict. Difficult tenants can make it extremely hard to sell a rental property in Rochester. Faced with that, cash in hand might reach even the worst of these poor-quality tenants (“cash for keys” refers to the dangling carrot of money to incentivize bad tenants to hand over the keys willingly in exchange for cash). 

Are You Ready to Sell a House with Tenants?

If you are, why not call on the direct buyers at Roc Cash Buyer? We purchase occupied rental investments, regardless of the type of tenant you have. You can discuss your rental property situation with a seasoned, professional investor at Roc Cash Buyer, with no obligation. At Roc Cash Buyer, we get that great communication is the foundation for success. With Roc Cash Buyer, know that we will listen first, ask questions, and then offer suggestions to help you overcome any hurdle. At Roc Cash Buyer, we work with the power of cash to buy your house with tenants as-is, saving you money on repairs. At Roc Cash Buyer, we never charge commissions, so you can save even more of your hard-earned profits on the sale. And, you won’t pay any closing costs either.

Wondering how to sell a house with tenants in Rochester? Find out how easy it can be to sell your rental property by working with a direct buyer from Roc Cash Buyer. Contact Roc Cash Buyer at 585-434-0177.