37 Tenant included with Purchase: Not as Easy as it Sounds

37 Tenant included with Purchase: Not as Easy as it Sounds

Imagine this…you are a wheeler and dealer and own an investment property that has had a tenant in place for a while and now you’ve decided it’s time to sell. The only glitch is you just signed a 2-year lease with the tenant and then realized you...


Imagine this…you are a wheeler and dealer and own an investment property that has had a tenant in place for a while and now you’ve decided it’s time to sell. The only glitch is you just signed a 2-year lease with the tenant and then realized you wanted to sell. So now what do you do? What are the advantages and what if any are the pitfalls? Today we are talking about selling with a tenant in place and how to still maximize profits. As an owner/investor there are many steps to consider before you decide to sell with a tenant in place. First, it’s important to have a conversation with the tenant to make sure they are on board with allowing access. Usually, this is all stated in the lease that was signed, so it should not come as a surprise. It’s always a crapshoot what the apartment will look like when shown. It may not be a stager’s delight but you can only pray that it will be neat. The buying pool of other investors will be smaller than the general public but marketing to the right audience could yield a like-minded buyer. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content.

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