Selling a Distressed Rental Property with Problem Tenants Still Attached
Owning a rental property can be a good investment—until the tenants become the biggest problem.
Maybe a tenant in Riverdale has stopped paying rent. Perhaps your rental in Griffin has sustained damage, and the tenant won't cooperate with repairs. Or maybe you're managing an inherited rental in Newnan where communication has broken down, the house needs major work, and you're tired of covering the bills.
The Hidden Carrying Costs of a Vacant Investment Property in South Atlanta
A vacant investment property can look like a temporary problem.
Maybe a tenant moved out of your rental in Riverdale. Perhaps you're renovating an older house in Griffin, waiting for the right buyer in McDonough, or holding an inherited property near Newnan until you decide what to do next.
At first, leaving the house empty may seem like the safest choice.
You avoid tenant problems. You have time to make repairs. And you can wait for the market to improve.
How to Calculate the Real Cost of Fixing Up a 1970s–1990s South Atlanta Rental Before Selling
If you own a rental property built in the 1970s, 1980s, or 1990s, you may be looking at the house differently than you did a few years ago.
Maybe the tenant just moved out.
Maybe the property needs a serious refresh.
The carpet is worn. The kitchen looks dated. The HVAC system is getting old. The roof may be approaching the end of its useful life.
And now you're wondering:
Should I fix everything up before selling, or should I sell the rental as-is?
That sounds like a simple question.
It isn't.