A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

A.D. Cantelmo Property Management Our Business is Property Management in Orange County California

 

 

 

Dealing with Tenants when selling a home  

 

 

 

When selling a rental property, the most difficult thing is dealing with the Tenants. I think it is better, if you allow the Tenants to find a new place to live before you put the home on the market. I know that for some Landlords, having an empty rental unit for the duration of the sale is not always an option, but trying to sell a home with a Tenant in the home can be problematic.

 

First let’s look at it from the Tenants point of view. I always feel for the Tenant, especially if they really don’t want to move. Many times they are very happy where they are living and moving can create problems for them. They need to find a new place to live and also they will have the expense of moving. I know this can be a real burden on the Tenant, but trying to sell the property with the Tenant in the home is also a burden on the Tenant and it make the sale more difficult. Once the lease is up, it is much better to give the Tenant as much time as possible to find a new place to live, rather than trying to leave them in the home and have them deal with the sale.  We all know how difficult it is to have someone going through your home and looking through your things. Thinking that a Tenant is going to cooperate with great enthusiasm to help with the sale is expecting too much and I think while finding a new home is no fun for the Tenant, staying in the home while the home is being sold is more of a problem. In the end, the Tenant is going to have to move out whether it is before the sale or after, unless the new buyer is purchasing the property as an investment.

 

And that brings up another issue. In my business of Property Management in Orange County Ca. I understand this issue and giving Tenants the bad news is not fun, but I also know that if the purpose is the sale of the home, trying to sell a home with Tenants still in the Home is much more difficult. Realtors want to show properties at their convenience and trying to arrange a showing at the Tenants convenience will end up with much less showings and a longer sale process. There is no easy answer to this situation, but I think that if you are able to wait until the Lease is up and you give the Tenant as much time as you can, then having them find a new property is the best way to go.

 

The other question is, how much time should you give the Tenant. First of all you need to follow the Law. If a Tenant has been there over a year you need to give a 60 day notice. If a Tenant has been there less than a year, then you only have to give a 30 day notice, but how I like to handle it and I think the fairest way is even if the Tenant has been there less than a year, I like to give as close to 60 days as possible. What I like to do is give the notice after the rent is paid 2 months prior to the lease ending. So depending on when the Tenant pays the rent, they may get a little less than 60 days but as close to 60 as possible. Again, this is for people who have been in the property less than 1 year, if they are there a year or more then you need to give a 60 day notice.  

 

In my business of property Management in Anaheim Ca. I have a couple of properties coming up for sale and in one of them the notice is going to be given next month to the Tenants. I know this will be a sad day for them, but I will do what I can to help them if they want me to. This is one of the most difficult parts of my job, but once a property owner decides to sell then this step must be made.

 

        A.D. Cantelmo Property Management Specializes in Property Management in Orange County Ca.

Featured Listings

 

Email Agent

Enter your email address and I'll reply as soon as possible.

Type the characters

 
Realtor Equal Housing Opportunity Multiple Listing Service
 
 

What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

More Reviews

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW