- adrienne27Participant@adrienne27Join Date: 2004Post Count: 11
Needing some advice regarding whether to sell a regional property with or without a tenant. Looking at selling it for low $100,000s and rent of $150 per week.
Would appreciate your input.
ThanksemptypocketsMember@emptypocketsJoin Date: 2006Post Count: 35
Is there currently a tennant in place? If yes, keep them in there but do not renew the leaase. You can always settle based on vacant possesion.
If no, keep vacant for a couple of weeks while property is being advertised. Just make sure the RE agent includes expected rental in advertising.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
Having a tenant on a lease can prevent people who want to live in it from buying it – limiting your buyers to investors. But if it is empty, then both investors and owners may still be interested.
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Send an email to get my newsletter.Luke TaylorParticipant@world-changerJoin Date: 2005Post Count: 415
I would probably leave it empty for a while and see how u go.
But say in the add “will sell tenanted at $150 per week,
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