Do you own an investment property in Miami that isn’t making any money? Are you’re tired of constantly battling with disrespectful and downright rude tenants?
Every Landlord Knows How Difficult Managing Some Tenants Can be.
So, it’s no surprise that there are several reasons why a homeowner would want to sell a house with tenants in Miami. However, as you can imagine, it may be difficult to convince your tenants that selling the house is a good idea.
In order to get their support, you might need to have a plan prepared beforehand!
Offer An Incentive
If you opt to list the house with a Miami real estate agent, it’s best to have full cooperation from your tenant. And a great way to guarantee this is to offer some kind of incentive.
Plus, hopefully, by doing something for the tenant, you’ll be able to avoid any resentment your tenant may have for selling the house out from under them. From the tenant’s perspective, it might be your house but it’s their “home.” And that will be all that matters to some families.
Consider offering the following incentives:
- Help them moving costs
- Help them with the first months rent somewhere else
- Offer them a discount on the amount of rent they are paying
- Write them a good reference
- Offer to pay for “meals out” when you need them out of the house for viewings
You might be wondering “Why do I need to care about my tenants? It’s my property and I want to sell it.” And to an extent this is true. But don’t forget you’ll need their help to keep the property clean and available for showings and open house events. This is an awful lot of work to ask someone when they don’t benefit from the sale. So make sure you compensate your tenants accordingly if you want the process to run smoothly.
Wait Until The Lease Is Up
As a landlord who wants to sell their house with a Miami real estate agent, it may be in your best interest to wait until the lease is up.
Trying to coordinate repair work, property showings, and keeping the house in tip-top condition is a LOT of work even without tenants living in the property. It’s been known that some tenants have even gone as far as disrupting a potential sale. If you’re not on the best terms with your tenants, you might want to wait until the lease is up before deciding to sell the house the conventional way.
Terminate The Lease
If your tenant has violated the lease in any way, you can evoke an early termination clause in the lease. Of course, you don’t want them to slip up, but if they have been consistently late on rent or have been a documented nuisance to the nearby neighbors, why not end the lease as soon as you can?
Sell Your House Directly
If you want to sell your house with tenants in Miami without all the faff and stress associated with the agent-selling route, the easiest way to is to choose a direct sale to our Sunshine State Buyers.
We can buy your Florida house directly, regardless of whether you have tenants or not. We pride ourselves on creating a simple, stress-free selling process for homeowners throughout Florida to take advantage of.
In most cases, when you sell your house directly to our team at Sunshine State Buyers, the lease will stay in place and your tenant will go undisturbed.
Find Out If Your Tenant Wants To Buy
You never know your tenants may have fallen in love with your house over the last year and want to buy it themselves. Chances are they’ve grown accustomed to the neighborhood, made friends, and don’t want to move. If your tenants seem happy, it might be worth asking them first before suddenly listing the property for sale.
If you discover that your tenants do want to buy the house, but financing is a problem, owner financing could be a suitable option (if you own the property outright).
Understand The Tenants Rights
When trying to sell your house with a tenant in Miami, you’ll need to be aware of the tenants’ rights. So long as no violation has occurred, in most places, a tenant has the right to stay in the home until the lease is up, whether or not someone buys the home.