Are you a landlord selling a rental property with tenants but is feeling stuck in a rut? It is very challenging to sell a tenanted house, especially if you have bad tenants causing way too much stress. Here are some options you can explore to effectively deal with terrible tenants and pursue the sales process.
Most landlords who have tenants on a lease choose to wait to sell the property until the lease is up and the tenant has moved out. This option gives you a better chance at selling at a higher price because you’ll have the luxury of fixing the property and keeping it show-ready. It is very costly though, as you’ll be losing income since you won’t be receiving rent but you’ll still have to pay for a mortgage until a new buyer is found.
You can always resort to an eviction process if you tried your best to work out a compromise but the sitting tenants refuse to cooperate. Evicting tenants when selling a house, however, can be very complicated, both legally and financially. You must seek legal help to ensure everything is done properly and you do not commit any mistakes. The process can drag out in court for months or years and the expenses can mount up quickly.
Nothing stops you from selling a property with tenants in place. The process can be smooth sailing if you have tenants in the home who are in good standing. It becomes a struggle when you have tenants in situ who persistently refuse viewings or worse, continue to damage the property.You’ll have limited options when it comes to looking for buyers who will be willing to deal with your situation.
You don’t have to go through long legal battles when selling a home with tenants. Dallas Cash Home Buyers will make the home selling process quick by buying your rental property for cash.
We have helped hundreds of landlords selling houses with tenants in Dallas, Texas through a fair and competitive cash offer that helps them unload the rental property. We’ll get you to closing fast so you won’t have to deal with frustrating tenants in residence any longer.
What tenants dislike the most is being bothered by multiple showings during the sales process. No need to have any of these inconveniences if you’re a landlord selling a house with tenants. We’ll only require one quick walkaround to evaluate your property and make a cash offer. We’ll also be in charge of preparing all necessary documents.
Our straightforward process is a faster and more convenient alternative if you want to sell your house but have tenants. We’ll work efficiently to close a deal within 3 to 30 days, regardless of the lease expiration date. This way, you’ll be able to let go of the stress and expenses that come with your problem rental property.
Financing is never an issue for us because we have all the resources to purchase your condo, duplex, or any other rental property outright. We are trusted cash home buyers who won’t back out at the last minute because we don’t rely on any loans. We have the means to follow through on our cash offer and we’re ready to pay in full.
No need to stress out on clean-ups or repairs because your property was heavily damaged by a section 8 tenant. We buy homes in as-is condition, even with bad tenants in place. You can trust us to make a fair valuation of your property that factors in its potential, structural and systemic elements, and the costs of any needed repairs.
There are absolutely no fees to consider when you work with us. We’ll make you a cash offer completely free of charge and we’ll take care of closing costs and any other expenses associated with selling the property. Contact us now so we can jumpstart discussions and point you in the right direction.
It is your responsibility as a landlord to notify the tenant of the sale of your rental property through a formal letter. Give them as much information as possible and highlight specifics like how you’ll go about marketing the property, the timeline for vacating the property, schedules of showings, and other pertinent details. This will help them adjust and plan their next steps.
Save yourself the stress and anxiety and let us take care of this problem for you. Once your property is sold to us, we’ll be the ones to take care of this process so you can avoid all the hassle.
Showing a rental property with tenants can be too much to handle, but it can work to your advantage if you can get your tenant to cooperate with you on the sale. Clear and on-going communication are essential to maintaining a good relationship with your tenants. Offering incentives like rent discounts, clean-up services, or helping them hire a mover may do the trick.
No need to go through all the hassles of preparing your property for multiple showings. We’ll just require one quick walkaround to assess your property. Once it is sold to us, dealing with your tenants and successive viewings will be our problem, not yours.
As the landlord selling the house or apartment, you have the owner’s rights to show a property that is occupied. But that doesn’t mean you can just intimidate or pressure your tenants to vacate your property. You must follow laws that require you to give proper notice to tenants and schedule open houses within reasonable hours. If tenants continue to refuse viewings, you can go through the legal process and file a case in court.
You can avoid lengthy and complicated processes by selling to us. We can buy your property with tenants, and we’ll take on the responsibility of working with them for successive showings.
You’ll inevitably deal with problematic tenants so it’s best to know your landlord rights when a tenant destroys your property. Take pictures of the destroyed house and gather all pieces of evidence that you can use against the renter. Seek the help of legal experts who can help you take the case to the courts or file for eviction.
We’ll be interested to buy your rental property, even if you have the worst renters and your house or apartment needs major work. Contact us now so we can work on your property issues and help you move on to better opportunities.