“We’re going to be selling our rental condo in La Jolla. Should we sell it with the tenants in or should we sell it vacant?”
***ANSWER:
The answer depends on 3 things: are the tenants cooperative, are they reasonably neat, and does the home need a cosmetic overhaul?
If the tenants will be flexible with showings and allow a lockbox, and the place looks great, and the home doesn’t need a cosmetic redo, then by all means let them stay. You may want to offer them an incentive or reward for their help.
However, if the tenants 1) aren’t cooperative, 2) they keep the place a mess, or 3) the home needs a makeover that’s too difficult to do with them in, then give them notice and do a quick cosmetic makeover.
Hope that helps…
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