selling property
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selling property (by Linda [TX]) May 3, 2013 2:07 PM
       selling property (by S i d [MO]) May 3, 2013 3:39 PM
       selling property (by Cal [NY]) May 3, 2013 4:15 PM
       selling property (by Pattyk [MO]) May 4, 2013 6:42 AM
       selling property (by Eileen [MI]) May 5, 2013 8:12 PM
       selling property (by Pattyk [MO]) May 6, 2013 4:57 AM


selling property (by Linda [TX]) Posted on: May 3, 2013 2:07 PM
Message:

State Specific Question About: TEXAS (TX)

I am selling property occupied by a tenant that does not a lease. What are my rights for showing the property, i.e. amount of time to notify the property to be shown?

--70.129.xxx.xxx




selling property (by S i d [MO]) Posted on: May 3, 2013 3:39 PM
Message:

It's customary and polite to give at least 24 hours notice, or reach an agreement with residents for standard "showing hours" (anytime between 10 am and 4 pm with 30 minutes notice, for example).

Check your state laws since there might be specific requirements. You might also consider offering your resident a $100 incentive to be super cooperative, keep the place clean, and allow quick-shows with little notice. Also, offer a bonus ($50 - $100?) if they'll actually show the place for you.

Showing properties is time consuming and leads to many no-shows. Works better to have someone else do it for you. --108.250.xxx.xxx




selling property (by Cal [NY]) Posted on: May 3, 2013 4:15 PM
Message:

I know you are looking for State specific but I would ask the tenants. Typically it's 24 hours (minimum) but some may prefer 48 so they have enough time to make sure things are 'tidy'.

I've had tenants come back and state please don't show on Sundays because that's my day of worship and I have family over all day. I respect that. As long as they don't give us any issues during the rest of the time. Others work odd hours so it's more of a "please don't show at certain times because I work nights and I am sleeping at that time'.

I get the 'bonus' thoughts to pay the tenants but I personally wouldn't do it. If they aren't in a lease you may want to explain to them that it would be in their best interest to show the apartment in as clean condition as possible to the prospective buyers. Why? If they think you are not clean there is more of a chance of them to boot you out or whatever once they do become owners.

It also should be in their lease/paperwork anyway (yes, you should have something in writing of your expectations, etc regardless of them being in a lease or in a month to month). To me, the only difference between the two (or the main difference anyway) is that they are not 'locked in' for a specified timeframe in a m2m versus a lease.

Some won't clean up anyway. I am a REALTOR and some OWNERS don't clean their places up that are being shown. It's all in the up-bringing (or something).

THat's my two cents. --74.78.xxx.xxx




selling property (by Pattyk [MO]) Posted on: May 4, 2013 6:42 AM
Message:

did you at one time have a lease that went month to month ? if so you need to follow what is written there. --70.13.xxx.xxx




selling property (by Eileen [MI]) Posted on: May 5, 2013 8:12 PM
Message:

Hi, I am renting a house and the tenant wants an option to buy. I am OK with that because he is willing to pay top dollar. I want the option to buy to be totally separate from the lease. Yet $100 per month will go towards the down payment in the event that he pays on time for 5 years and can get a mortgage. I was told that one contract should not mention the other contract at all. How do I do that?

Eileen --50.42.xxx.xxx




selling property (by Pattyk [MO]) Posted on: May 6, 2013 4:57 AM
Message:

Eileen, you might consider posting your question in an new thread, as you'll get your own responses of suggestions.

If you don't know how to do it, then you should hire someone who does. Keep reading books and you'll find forms. However you may want to hire a lawyer to set it all up, or at least a very seasoned lease option real estate person. --173.157.xxx.xx





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