Sell With Tenant?
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Sell With Tenant? (by Steve [OH]) Jun 11, 2019 3:46 PM
       Sell With Tenant? (by J [FL]) Jun 11, 2019 4:10 PM
       Sell With Tenant? (by Deanna [TX]) Jun 11, 2019 4:14 PM
       Sell With Tenant? (by Pmh [TX]) Jun 11, 2019 7:28 PM
       Sell With Tenant? (by AllyM [NJ]) Jun 11, 2019 8:36 PM
       Sell With Tenant? (by Landlord ofthe Flies [TX]) Jun 12, 2019 3:55 PM
       Sell With Tenant? (by Ray-N-Pa [PA]) Jun 13, 2019 8:41 PM


Sell With Tenant? (by Steve [OH]) Posted on: Jun 11, 2019 3:46 PM
Message:

I'm getting ready to sell a sfh and I'm wondering if it might be

better to put a good tenant in there first. It might be attractive to

someone looking to get in the landlord game. I would think, too,

that it might make the property more valuable. What do you think?Thank you.!!

--75.187.xx.xx




Sell With Tenant? (by J [FL]) Posted on: Jun 11, 2019 4:10 PM
Message:

I would just sell it vacant. --72.188.xx.xxx




Sell With Tenant? (by Deanna [TX]) Posted on: Jun 11, 2019 4:14 PM
Message:

Was there something lacking in yesterday's answers? ;)

To summarize on the vacant side of the argument--

* It will show better if empty

* You won't have to worry about anyone who has an incentive for it to not sell

* People probably don't want to be stuck with your tenant

* LL's prefer to set their own rental prices, not be stuck with your rents

* You can sell it to an owner-occupant, even though the area is heavily renters, so you consequently have a bigger pool of prospective purchasers

* It's bad business to rent something that is just going to be sold three months later

To summarize on the rented side of the argument--

* Your buyer may be bound by a commercial loan that requires their purchase have a tenant already in place

* You don't want to go for several months without rent while you wait for your purchaser

You're welcome. ;) --96.46.xxx.xx




Sell With Tenant? (by Pmh [TX]) Posted on: Jun 11, 2019 7:28 PM
Message:

I have sold several occupied houses. the advantage is buyer getting rents without down time. so actually you can push sale price. --107.77.xxx.xxx




Sell With Tenant? (by AllyM [NJ]) Posted on: Jun 11, 2019 8:36 PM
Message:

Investors want a tenant and the income is a plus. But you are locking out people who want to live there. Just sell it as a house and you have more customers. --173.61.xxx.xx




Sell With Tenant? (by Landlord ofthe Flies [TX]) Posted on: Jun 12, 2019 3:55 PM
Message:

No!!!!!!!!!!! Bad idea if this is a single-family house. If it's a duplex or apt building then yes. But single-family no.

By selling it with a tenant, you limit the population of buyers to ONLY investors. That's a small portion of the people interested in your house. Also if this is a new tenant, there won't be a payment history and the buyer will assume you filled it with a warm body to make it look more successful. I prefer to screen my own tenants and not be saddled by the previous landlord's ability to screen, or their lease (if any). If the previous landlord was lazy, then I have to retrain the tenant too. Plus, while vacant, it's a good time for me to do any improvements and capture full market rent and not start off behind the 8-ball.

All of these things result in higher risk for me and lower price for you. I can't see how it makes a house look more attractive. --108.69.xxx.xxx




Sell With Tenant? (by Ray-N-Pa [PA]) Posted on: Jun 13, 2019 8:41 PM
Message:

What does the tenant that you plan on keeping in the unit think is going to happen when a new person buys the place? Are rents going to stay the same in their minds? If not, would a tenant ever try to make sure you don't ever sell? --24.101.xxx.xx





Reply:
Subject: RE: Sell With Tenant?
Your Name:
Your State:

Message:
Sell With Tenant?
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: