Something that allows investors to finally live the retirement of their dreams while maintaining the lifestyle they’ve been enjoying so far, is to have passive income earned through building a diversified real estate portfolio over the years. This diversity creates a safety net against inflation, understanding that one sector of the market may oscillate during recession periods while solid investments in other sectors will keep pace with inflation. After all, rental rates increase the cost of living as the inflationary phenomenon grows.
Getting rental properties is a significant step in building your real estate portfolio, but something that should also be taken into consideration among your investment strategy are exiting properties based on your current circumstances. Selling a property isn’t easy, much less when you add in the complications of a house with tenants in place. That detail may represent an issue to you.
Naturally, your tenants may not agree to the idea of being visited in their privacy, therefore they may not be open to be around during showings, especially if they believe they’re losing their home. However, those are valid feelings and you should consider your tenants’ feelings about an undesired moving as you think on how to break the news to them. You must think about what’s the best approach to tell them the news, and the several factors that come with it, such as the lease terms, your history with eachother, the motivation for selling your property, and much more. So keep on reading as we list three things you should know about selling your house with tenants in Fresno.
Terms
The lease terms are the first thing you should know about selling your house with tenants in Fresno. You should also review laws regarding landlord-tenant agreements in your state to protect yourself. You may have to wait until the lease expires or attempt to sell the property with the tenants in place to another investor, like the professional investors at HTV Properties, who will buy your house for cash, as-is.
Communicate
Keeping an open line of communication with cooperative tenants is essential and something you should know about when selling your house with tenants in Fresno. Be upfront and have everything in writing so that the process of selling and the showings is clear to your tenants. Texting is quickly becoming the most reliable and speedy form of communication; however, some tenants may prefer another form of contact, so be sure to work these details out in advance.
Incentives
Another thing you should know about selling your house with tenants in Fresno is because incentives work, you can use them to your advantage. Firstly, if you’ve had positive interactions, you may want to offer the opportunity to purchase the property to your tenant. “Cash for keys” is another helpful industry standard; in essence, you’ll pay the tenant to vacate the property, typically offering moving expenses and the average amount of a security deposit in Fresno.
What’s most important about selling your house with tenants in Fresno is how a professional investor from HTV Properties can help you ease out the process for investors like you. With the help of years of experience negotiating with lots of people, the team at HTV Properties can help you sell a property with tenants without having to worry about anything. At HTV Properties, our professional investors compare what you would profit by listing your investment property on the market vs. our offer, which is great. Also, if what you’re looking for is a new investment, ask a professional investor from HTV Properties about the current inventory of the best properties available to invest in Fresno. No matter what issues you’re facing with your real estate, at HTV Properties we are working every day to help investors like you solve their problems.
Call HTV Properties at (559) 854-1663.
