A. Here are 7 things that I believe every landlord should do:
- Do not sell with the tenants still live there, because it creates difficulty for the new buyer, also very difficult to sell with the tenants still live inside it.
- Put up fresh paint, clean up if needed, do proper staging, these small investment will have the biggest payoffs.
- Time the lease to about 1 month before the peak selling season. This means advanced planning of your last lease agreement with the tenant.
- Always inspect the rental property before putting on the market (it just costs $350, but you could prevent any landmine that might jeopardize the closing)
- Light staging goes a long way.
- Weekly check ups by the listing agent so no surprise happens, since no one lives there anymore.
- Don’t over price it (a property that sells in the first 30 days always sells at higher price).