If you’re a landlord, you have the opportunity to make extra income by renting out your property to tenants. However, it can be extremely stressful when it comes to maintaining cordial relationships with your tenants and ensuring your property stays clean and maintained. Dealing with difficult tenants and making sure they maintain a proper living space and dealing with major repairs can bring unnecessary stress. You also must account for insurance and taxes fluctuating when the market changes. In this situation, it can be hard to anticipate a positive flow of income in your rental home. All this pressure may lead to you wanting to sell your home instead of dealing with the hassle of your tenanted property. If you have decided to sell your home; Sky Equities LLC is here to ensure you have a stress-free selling experience.
1. Conduct an Open House
Make sure your house is presentable and appealing to your future buyers. A deep cleaning will help your property get in “show ready” form. Also, hosting your rental home to potential buyers is one of the best strategies for getting foot traffic and closing a sale. Showing a property with tenants can be complicated. Just make sure to give tenants at least 24 hours before you show your property. Since you’re going to want to show your property consistently, it’s essential that you maintain a positive relationship with your tenants.
An uncooperative tenant can refuse to leave the house while you’re showing it to your buyers. In these circumstances, it’s essential to find a subtle balance without invading the privacy of your tenants. With open communication, you can conduct an open house with minimal disruption to your tenants. Some of the ways to maintain a stable relationship with your tenants throughout the selling process include:
- Offer free cleaning services if needed
- Offer incentives to move out early
- Set time periods of when the property can be shown
- Offer a discount on rent during the days of showing
2. Highlight the Rental Features
It’s essential to showcase the features of your property that would be appealing to your buyers. Highlight the accessibilities that will help your buyers attract tenants easily. Be sure to take high-quality pictures to feature your property from every angle and post these photos to social media. Conduct virtual home tours and upload videos on YouTube. You can also give tenant testimonials which offer feedback about your property to buyers. Testimonials provide a very effective method for attracting new tenants.
3. Market Your Property to Investors
If your rental property requires a lot of repairs, it might not be the smartest decision to invest your time and money into significant home improvements. Instead, you could choose to sell your property as is. Some investors don’t require you to spend a lot of money on additional home improvements. This is where finding a real-estate investor who is familiar with purchasing tenanted property can be instrumental in the selling process.
When it comes to selling your tenanted property, Sky Equities LLC is the perfect solution. With our fast property buying expertise, we can ensure your property selling experience goes as seamless and quick as possible.