Selling Your Real Estate Rental Property

Sometimes an investor has changed their business model and they want to update their portfolio. Sometimes, investors realize that they purchased in the wrong part of town.  Sometimes, long term goals change and its time to get out.  Sometimes the investor simply wants to take profits off the table or cut their losses.  

Many investors buy into the Get Rich in Real Estate story, and then find out that there is more to it than buy low - sell high.  And some just decide that owning out of state rental real estate is just something they no longer want to do.

There are some special challenges when selling small rental properties from 1 to 10 units.  First, remember that when you were buying, you wanted to get a great below market price because you were a smart investor.  Guess what, all investors feel the same way and now they want to buy your property.

Tenants represent another challenge.  Typically, tenants find it a real pain in the neck when you want to sell your property.  They do not feel that they want to let prospective buyers in.  And often, when they do come in, they tenants try to "unsell" the property.

Many communities, especially on the east side of Cleveland have onerous Point of Sale inspections.  It is really helpful to have your property listing with an real estate agent who can navigate their way around tenant issues, point of sale requirements, other inspections, appraisals, and greedy buyers.