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Sellers, if you're selling property with tenants in it, then . . .

By
Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

Seller, if you are selling a property with tenants in it, the tenants need to be a part of the process. Think about it for a minute. A tenant has no incentive to keep your property in good condition. He has no incentive to keep it clean, picked up or available for showings.

This morning, I had a client travel 1.5 hours to look at a tenant occupied property. When I arrived, a very sleepy and groggy tenant appeared from the second floor announcing that his area would not be available for showing. That was 50% of the second floor bedrooms. 

Beyond the barricaded tenant, the house looked like someone opened a door and blew tons of stuff into it. There wasn't a room in the house that wasn't cluttered beyond measure, and some of the areas weren't accessible because of the piles of tenant belongings. 

These tenants have no incentive to help their landlord sell their living accommodations out from under them. They make it hard to show. It's a pigsty, and it smells bad. Sellers, if you're selling property with pigs tenants in it, the tenants need to be a positive part of the process.

 

Comments(9)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Does landlord/tenant law permit the deposit to be forfeited if the tenant doesn't provide 100% access during certain hours???  Can it be in the lease???

 

Nov 02, 2013 03:32 AM
Charles Buell
Charles Buell Inspections Inc. - Seattle, WA
Seattle Home Inspector

Mike so true.  I have seen tennants make it almost impossible for a seller to sell a property.

Nov 02, 2013 04:20 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Great advice, Mike. There have been countless times we simply had to wait for tenants to vacate before we could put a home on the market, and that approach can be costly to the seller.

Nov 02, 2013 08:34 AM
James Dray
Fathom Realty - Bentonville, AR

Usually here the tenant is cooperative if not I notify the owner and after the third attempt if the tenant does not cooperate I cancel the listing. 

Nov 02, 2013 08:19 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Mike.  Tenants can be deal killers.

Nov 02, 2013 08:46 PM
Caprice Couselle Realtor Morristown Homes For Sale
Keller Williams Realty - Morristown, NJ
First Time Home Buyers,Relocation,Horse Farms

Hi Mike,

 

In NJ The lease runs with the property. If the tenant has a signed lease  for a year or more. They will not have to vacate when it is sold.This makes it easier to show.I always speak to the tenant and explain. I also find, that true investors buy very quickly. It is more about the numbers and if they can make a profit than the condition or the temporary mess. Most investors that I have worked with,do a quick perusal and then make an offer.

Caprice

Nov 02, 2013 10:00 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

How frustrating!  Just one of the many reasons I would never want to be a landlord!

Nov 03, 2013 02:37 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale
Mike, it can be so hard, almost impossible to show houses with tenants in them. I always suggest landlords hold off on listing until the tenants are out or give them some type of incentive to allow showings. Your poor client, it sounds like that house was a disaster on top of a difficult tenant.
Nov 03, 2013 07:32 AM
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

First of all, Mike - Mazel Tov on Jon and Rachel's wedding. Everyone looked wonderful, including you. I just took the time to go back and read all the posts you've written that I've been missing lately. I always like to keep up with how my friends are doing. In regard to this one: other people have written that it's best to get the tenants on boards. The landlord should be giving them incentives to be helpful. I'm not sure what you could have done but maybe, AR agents can put their heads together and come up with a few original ideas.

Nov 04, 2013 04:36 AM