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How To Sell Your House With Tenants In McAllen

Bad tenants? If you want to sell your rental property Dolfin RGV can give you a cash offer
Dolfin RGV can buy your rental property in McAllen, Edinburg, Hidago, San Juan and around South Texas

Are you tired of being a landlord? Do you own an investment property in McAllen that you are ready to sell? When other people are living in your house, the selling process can get more complicated. In our newest post we try to explain how to sell your house with tenants in McAllen!

As a landlord, there are some days when you wish to sell your house. Even if you have tenants, since you are the owner of the property you may sell it if you wish. Sometimes, you’ll be able to let your tenants know, and it won’t be an issue. However, you also don’t want to risk losing your tenants and being stuck with a vacant house while your house is on the market waiting for a buyer. That said, the tenants have rights, and you want to make sure you aren’t violating them. In this post, we will explain some situations that arise when you decide to sell your house with tenants in McAllen.

Lease Situation?

What does your lease situation look like? If you have a month to month contracts, ending the lease shouldn’t be too difficult. You need to give a fair amount of time notice to the tenant, usually between 30-60 days. However, if you have you longer term lease and you have several month until it expires, things are a bit different. If you want to sell mid-lease, you’ll either need to sell the property to an investor who will honor the lease, or give your tenant some kind of incentive to move out. Some lease contracts contain early-termination clauses that would allow you to end the lease early in certain situations. Remember, the tenant has rights too under the fair housing act, and if you violate those rights, you could get penalized.

Difficult Tenants?

If your tenant has violated their lease, you should be able to evict them without an issue. With eviction moratoriums and dealing with the Justice of the Peace during Covid-times makes everything more complicated. If your tenant is refusing to leave, the eviction process can become a long and difficult situation. Most landlords try to avoid dealing with evictions at all costs. By selling your house with tenants directly, you’ll be able to avoid the eviction process yourself and be able to move on from the property with cash in hand. Many direct buyers will simply take over the lease and business will go on as usual. If the tenants are in violation of the lease, the buyer will go through the eviction process if necessary. Plus, a direct sale will help you avoid having to list, market, and show the property, which would more likely increase tensions between you and your difficult tenants.

Selling Directly to an Investor?

There are many reasons why a direct sale is convenient for landlords who need to sell their house with tenants in McAllen. Investors are happy to take over a property that already has a tenant in place, especially if they are in good standing. It saves them time and money advertising, marketing, and showing the property. They won’t have to bother screening tenants or running the background checks because those things have already been done. Even if there is a difficult tenant living in the home, an experienced investor won’t have trouble pursuing the eviction process if the tenant is in violation. They have likely had to do it before, and won’t be bothered by the process.

If you want to sell a house with tenants in McAllen, there are certain ways to go about doing it. Always make sure you are being fair to your tenants, and giving the proper amount of notice. Not only is it the law, but it is the right thing to do.

To get more information about how to sell your house with tenants in McAllen, send us a message or give us a call today!

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