{"id":12772,"date":"2023-05-05T16:11:11","date_gmt":"2023-05-05T20:11:11","guid":{"rendered":"https:\/\/www.homeinc.com\/?p=12772"},"modified":"2023-05-05T16:11:11","modified_gmt":"2023-05-05T20:11:11","slug":"sell-your-rental-property-fast-and-easy","status":"publish","type":"post","link":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/","title":{"rendered":"Sell Your Rental Property Fast and Easy"},"content":{"rendered":"<p>Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains by selling their rental properties. But selling a rental property can be challenging. Aside from how to handle current tenants, there\u2019s the question of whether single-family rentals are going to fetch buyers\u2019 attention on the open market. After all, there\u2019s bound to be wear and tear, which likely will require small or big repairs.<\/p>\n<p>Some selling options might be really unattractive.\u00a0Listing\u00a0your property with a real estate agent will lead to lots of prep work \u2014 not to mention the prospect of potential buyers regularly touring the property. Selling the property on your own is an even bigger hassle, since you\u2019re solely responsible for preparing, marketing and showing the property.<\/p>\n<p>This is where Sundae can help, enabling a\u00a0landlord\u00a0to skip the traditional process and sell fast, without having to promote the property or remodel. Here, we offer an overview of how to quickly go from rental property owner to rental property seller.<\/p>\n<h2>What to Do Before Selling<\/h2>\n<p>Ahead of selling your rental property, you must figure out:<\/p>\n<ul>\n<li>What will happen to your tenants.<\/li>\n<li>Whether you need to do any repairs or renovations.<\/li>\n<li>How marketable the property is.<\/li>\n<li>What the tax consequences will be.<\/li>\n<\/ul>\n<h2>1. How to deal with your tenant<\/h2>\n<p>So, you\u2019ve decided to sell your single-family rental property. Congrats! But if the tenant is still living there, what should you do?<\/p>\n<p>Some\u00a0experts recommend\u00a0waiting until the tenant\u2019s lease expires before trying to sell your rental property. Why? For one thing, it can be uncomfortable for a potential buyer to look at a property while a tenant is still occupying it. Also, it can be tough to fix or renovate a lived-in property.<\/p>\n<p>Working with an off-market cash buyer\u00a0gets rid of those headaches, though. An off-market cash buyer will buy the property as-is, meaning there\u2019s no need to do repairs or renovations while someone is still living there.<\/p>\n<p>If you\u2019d like a tenant to vacate the property before their lease ends, you might extend a financial incentive for them to leave early. For instance, you could try offering \u201c<a href=\"https:\/\/www.rentprep.com\/evictions\/cash-for-keys\/\">cash for keys<\/a>.\u201d This phrase means giving a tenant cash in hand equal to one month\u2019s rent if the tenant vacates the property before the lease is up.<\/p>\n<p>Keep in mind that you\u2019ll need to review local and state laws related to giving proper notices to tenants about vacating your property. Some states, like California, give renters strict tenant rights that might make it harder for you to sell a property while they\u2019re still living in it.<\/p>\n<h2>2. How to decide on repairs and renovations<\/h2>\n<p>Depending on the age of the structure, the amount of\u00a0maintenance\u00a0that\u2019s been done over time and the behavior of your tenants, your rental property might be in tip-top shape or might need a lot of TLC.<\/p>\n<p>If the property does need some presale work, you could be looking at spending thousands of dollars. For instance, what if the kitchen needs to be overhauled? A minor kitchen remodel costs\u00a0tens of thousands of dollars in many states. And what if the air conditioner has seen better days? Installing a new one will set you back a pretty penny.<\/p>\n<p>That\u2019s not to mention possibly forking over thousands of dollars to spruce up the rental property by updating the landscaping, applying a fresh coat of interior paint, replacing the banged-up garage door, and tackling other improvement projects.<\/p>\n<p>Working with Sundae lets you skip all the cost, labor, and hassle involved in making your property look picture perfect. How so? Sundae will help you sell your property in its current condition.<\/p>\n<h2>3. How to determine the property\u2019s marketability<\/h2>\n<p>It\u2019s one thing to decide to sell your rental property. It\u2019s quite another thing to put it on the market.<\/p>\n<p>Before the for-sale sign goes up, you must assess whether the property will sell for as much as you think it should. In most cases, this task falls to a real estate agent. The agent will explore the recent sale prices of nearby properties, also called comps, and look at the condition of the local home market. Then, the agent will work with you on setting an asking price.\u00a0Be careful not to overprice. Overpricing can attach a stigma to your property that ends up costing you time and money.<\/p>\n<p>Once that\u2019s done, you\u2019ve got to prepare the property to be staged, and prepare for potential buyers to stop by during open houses or one-off tours.<\/p>\n<p>Teaming up with Sundae will allow you to avoid hiring a real estate agent, and to steer clear of staging, open houses, and tours.<\/p>\n<h2>4. How to approach the tax consequences<\/h2>\n<p>Before selling your rental property, it\u2019s wise to consult your accountant or financial adviser about the tax implications. You\u2019ll wind up paying taxes on any profit (gain) you\u2019ve earned on the sale. But if you\u2019ve racked up a loss, you\u2019ll likely qualify for a\u00a0tax\u00a0deduction.<\/p>\n<p>For tax purposes, the profit or loss is calculated by subtracting your property\u2019s adjusted basis on the date of sale from the final sale price. The basis is not fixed. Rather, it changes over time to take into account the true value of your investment. That\u2019s known as an adjusted basis.<\/p>\n<h2>Ready to sell? Eliminate the hassle of owning a rental property<\/h2>\n<p>Being a landlord is often considered a great stream of passive income, however anyone who has been a landlord knows that it can be everything but passive. Whether you want to sell to cash in on equity or just to have less to worry about, we can help. Call us (888)850-2636 and one of <a href=\"https:\/\/www.homeinc.com\/meet-our-team\/\">our agents<\/a> will present you with the best option that fits your needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains by selling their rental properties. But selling a rental property can be challenging. Aside from how to handle current tenants, there\u2019s the question of whether single-family rentals are going to fetch [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":12773,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[521,273,208],"tags":[294,257,281,276,353,256,247,334],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sell Your Rental Property Fast and Easy | Homeinc<\/title>\n<meta name=\"description\" content=\"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sell Your Rental Property Fast and Easy | Homeinc\" \/>\n<meta property=\"og:description\" content=\"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\" \/>\n<meta property=\"og:site_name\" content=\"Homeinc\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-05T20:11:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Marilis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marilis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\"},\"author\":{\"name\":\"Marilis\",\"@id\":\"https:\/\/www.homeinc.com\/#\/schema\/person\/49d8b0b02eecbfe35e8cfd7b007e0bf7\"},\"headline\":\"Sell Your Rental Property Fast and Easy\",\"datePublished\":\"2023-05-05T20:11:11+00:00\",\"dateModified\":\"2023-05-05T20:11:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\"},\"wordCount\":994,\"publisher\":{\"@id\":\"https:\/\/www.homeinc.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png\",\"keywords\":[\"All Cash offer for your house\",\"best time to sell house\",\"best time to sell your home\",\"cash offer\",\"florida real estate\",\"housing market\",\"Real Estate\",\"Real Estate Market\"],\"articleSection\":[\"Blog\",\"Marilis\",\"Team\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\",\"url\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\",\"name\":\"Sell Your Rental Property Fast and Easy | Homeinc\",\"isPartOf\":{\"@id\":\"https:\/\/www.homeinc.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png\",\"datePublished\":\"2023-05-05T20:11:11+00:00\",\"dateModified\":\"2023-05-05T20:11:11+00:00\",\"description\":\"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains\",\"breadcrumb\":{\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage\",\"url\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png\",\"contentUrl\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png\",\"width\":768,\"height\":402},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.homeinc.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sell Your Rental Property Fast and Easy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.homeinc.com\/#website\",\"url\":\"https:\/\/www.homeinc.com\/\",\"name\":\"Homeinc\",\"description\":\"We buy houses CASH\",\"publisher\":{\"@id\":\"https:\/\/www.homeinc.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.homeinc.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.homeinc.com\/#organization\",\"name\":\"Homeinc\",\"url\":\"https:\/\/www.homeinc.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.homeinc.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Profile-Picture-HomeInc.jpg\",\"contentUrl\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/Profile-Picture-HomeInc.jpg\",\"width\":2000,\"height\":2000,\"caption\":\"Homeinc\"},\"image\":{\"@id\":\"https:\/\/www.homeinc.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.homeinc.com\/#\/schema\/person\/49d8b0b02eecbfe35e8cfd7b007e0bf7\",\"name\":\"Marilis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.homeinc.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/marilis-homeinc-96x96.jpg\",\"contentUrl\":\"https:\/\/www.homeinc.com\/wp-content\/uploads\/marilis-homeinc-96x96.jpg\",\"caption\":\"Marilis\"},\"description\":\"Marilis brings a wealth of knowledge in both social media management and digital marketing. We look forward to Marilis adding value in all areas of communication and marketing. Marilis recently graduated with her BS in Communications. Fun Fact: She has a wildly successful YouTube channel.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sell Your Rental Property Fast and Easy | Homeinc","description":"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/","og_locale":"en_US","og_type":"article","og_title":"Sell Your Rental Property Fast and Easy | Homeinc","og_description":"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains","og_url":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/","og_site_name":"Homeinc","article_published_time":"2023-05-05T20:11:11+00:00","og_image":[{"width":768,"height":402,"url":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png","type":"image\/png"}],"author":"Marilis","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Marilis","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#article","isPartOf":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/"},"author":{"name":"Marilis","@id":"https:\/\/www.homeinc.com\/#\/schema\/person\/49d8b0b02eecbfe35e8cfd7b007e0bf7"},"headline":"Sell Your Rental Property Fast and Easy","datePublished":"2023-05-05T20:11:11+00:00","dateModified":"2023-05-05T20:11:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/"},"wordCount":994,"publisher":{"@id":"https:\/\/www.homeinc.com\/#organization"},"image":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png","keywords":["All Cash offer for your house","best time to sell house","best time to sell your home","cash offer","florida real estate","housing market","Real Estate","Real Estate Market"],"articleSection":["Blog","Marilis","Team"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/","url":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/","name":"Sell Your Rental Property Fast and Easy | Homeinc","isPartOf":{"@id":"https:\/\/www.homeinc.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage"},"image":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png","datePublished":"2023-05-05T20:11:11+00:00","dateModified":"2023-05-05T20:11:11+00:00","description":"Sell Your Rental Property Fast and Easy with the following tips. A lot of landlords are thinking about cashing in on big equity gains","breadcrumb":{"@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#primaryimage","url":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png","contentUrl":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Rental-Property-2.png","width":768,"height":402},{"@type":"BreadcrumbList","@id":"https:\/\/www.homeinc.com\/blog\/sell-your-rental-property-fast-and-easy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.homeinc.com\/"},{"@type":"ListItem","position":2,"name":"Sell Your Rental Property Fast and Easy"}]},{"@type":"WebSite","@id":"https:\/\/www.homeinc.com\/#website","url":"https:\/\/www.homeinc.com\/","name":"Homeinc","description":"We buy houses CASH","publisher":{"@id":"https:\/\/www.homeinc.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.homeinc.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.homeinc.com\/#organization","name":"Homeinc","url":"https:\/\/www.homeinc.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homeinc.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Profile-Picture-HomeInc.jpg","contentUrl":"https:\/\/www.homeinc.com\/wp-content\/uploads\/Profile-Picture-HomeInc.jpg","width":2000,"height":2000,"caption":"Homeinc"},"image":{"@id":"https:\/\/www.homeinc.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.homeinc.com\/#\/schema\/person\/49d8b0b02eecbfe35e8cfd7b007e0bf7","name":"Marilis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homeinc.com\/#\/schema\/person\/image\/","url":"https:\/\/www.homeinc.com\/wp-content\/uploads\/marilis-homeinc-96x96.jpg","contentUrl":"https:\/\/www.homeinc.com\/wp-content\/uploads\/marilis-homeinc-96x96.jpg","caption":"Marilis"},"description":"Marilis brings a wealth of knowledge in both social media management and digital marketing. We look forward to Marilis adding value in all areas of communication and marketing. Marilis recently graduated with her BS in Communications. Fun Fact: She has a wildly successful YouTube channel."}]}},"_links":{"self":[{"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/posts\/12772"}],"collection":[{"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/comments?post=12772"}],"version-history":[{"count":0,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/posts\/12772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/media\/12773"}],"wp:attachment":[{"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/media?parent=12772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/categories?post=12772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homeinc.com\/wp-json\/wp\/v2\/tags?post=12772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}