3 Easy Steps to Sell a Rental House with Tenants

Selling a rental property with tenants in place can seem like a daunting task. As a landlord, you might wonder how to balance the rights of your tenants with your need to sell the property quickly and efficiently. The good news is, it’s entirely possible to sell your rental house without disrupting your tenants’ lives or your plans. At Sell Now Wisconsin, we specialize in helping property owners like you navigate this process smoothly. Here’s a step-by-step guide to selling a rental house with tenants in place.

Step 1: Understand Tenant Rights and Lease Agreements

Before listing your rental property, it’s crucial to familiarize yourself with the lease agreements and tenant rights. In Wisconsin, tenants have specific protections under state law, and how you approach the sale will depend on the type of lease in place.

Fixed-Term Leases: If your tenants have a fixed-term lease, they typically have the right to remain in the property until the lease expires, regardless of ownership changes. In this case, the new owner would inherit the lease agreement and become the landlord.

Month-to-Month Leases: For tenants on a month-to-month lease, you may have more flexibility. Wisconsin law generally requires at least a 28-day written notice to terminate this type of lease, which you can provide as part of the selling process.

Respect your tenants’ rights and keep them informed about your plans to sell. Open communication can go a long way in making the process smooth and cooperative.

Step 2: Decide How to Market the Property

Once you’ve reviewed the lease agreements, it’s time to decide how to market the rental property. You have two main options:

Sell with Tenants in Place: Selling with tenants can be attractive to investors who want an income-generating property from day one. Highlight the benefits, such as steady rental income and the condition of the property, to appeal to this audience.

Sell Vacant: If you prefer to sell the property without tenants, you’ll need to provide proper notice and allow time for the tenants to vacate. This option might appeal to a broader range of buyers, including those looking for a primary residence.

If you’re unsure about which approach is best, consult with a professional to evaluate your property and market conditions.

Step 3: Partner with a Home-Buying Expert

Selling a rental house with tenants can involve additional complexities, but you don’t have to go through it alone. Partnering with a professional home-buying company like Sell Now Wisconsin can simplify the process.

Sell As-Is: We buy properties in any condition, with or without tenants in place, saving you time and effort.

Fast Closings: Avoid the lengthy traditional sales process with a cash offer and the ability to close in as little as seven days.

Tenant-Friendly Approach: Our team respects tenant rights and ensures a smooth transition, so you don’t have to worry about difficult conversations or legal concerns.

By working with a trusted home buyer, you can sell your rental property quickly and without the headaches of navigating the traditional real estate market.

Why Sell Now Wisconsin Is Your Best Choice

At Sell Now Wisconsin, we specialize in helping landlords sell rental properties, even when tenants are involved. Whether you’re ready to move on from being a landlord, dealing with problematic tenants, or simply want to cash in on your investment, we’re here to make it easy.

Our streamlined process takes the stress out of selling, so you can focus on your next steps. With no fees, commissions, or repair requirements, we offer a fast and hassle-free way to sell your rental house with tenants.

Selling a rental house with tenants doesn’t have to be complicated. By understanding tenant rights, deciding on the best marketing approach, and partnering with a reliable home-buying company, you can complete the sale smoothly and efficiently.

If you’re ready to sell your rental property, contact Sell Now Wisconsin today for a fair cash offer. Let us handle the details so you can move forward with confidence and ease.

Contact Sell Now Wisconsin today at  1-414-269-6358 for a free, no-obligation consultation.