Can I sell my property while my tenant still lives there?

By GoldenWest Management

Are you planning on selling your rental property while your tenant lives there?

It doesn’t matter if you own a rental property in San Diego, Las Vegas, or elsewhere in the United States, you can sell your rental property while your tenant lives in the rental especially if you follow these tips.

Young couple meeting financial advisor for investment

Remember That Your Tenant Has Rights

One of the most important things to remember while you’re in the process of selling your rental property is that your tenant has rights and those rights must be respected.

What does this mean? It means that you must respect your tenant as a person and tell them about your intention to sell the property.

If they’ve expressed a desire to move, you should be willing to pay your tenant to vacate (Cash for Keys) and come up with an arrangement to help them move into a comparable rental property in your city.

Let’s say that your rental property is in a very competitive rental market, and your tenant wants to stay. In this case, you should be willing to communicate with them whenever the property has to be shown, and you should also follow the law by submitting a 24-hour notice to enter just so they are aware when you will be entering the property.

Estate Agent Showing Empty Office Space To Clients

Consider Selling Your Property to An Investor, Or to Your Tenant

As an investor, it’s important for you to get your ROI from your rental property but you ultimately may want to consider selling the property to another investor.

This is a great idea because an investor may be open to buying a property which is already occupied, compared to a non-investor who may want to have the tenant move after they purchase the rental property.

You also may want to consider selling your rental property to your tenant as well because this solves the problem of them having to move and they may have interested in becoming an owner, especially if they’ve been renting your property for more than one year.

property management concept displayed on tablet pc
Get Property Management Here

For professional property management contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

What should I do if my tenant ruins my home?

By GoldenWest Management

One of the WORST things to happen to an owner is when their tenant moves out and they discover that their former tenant has trashed their rental property.

Sadly, this problem is not uncommon and the key to success in dealing with a trashed rental property is following these steps.

Step #1 – Call the Police

The first thing to do in dealing with a trashed rental property is to call the police immediately. You will need to file a police report for intentional property destruction and start the legal process of going after the individuals who have ruined your rental property.

Step #2 – Take Pictures and Video of Everything

After filing a police report, the next thing you should do is take pictures and video of the damage. This step is important because, should you take your former tenant to small claims court you will be able to present evidence of the damage they caused.

Step #3 – Stop All Verbal Communication with Your Former Tenant

Although you might be tempted to call or email your former tenant about the damage they caused, you should stop all verbal communication and only communicate with them in writing. Why? Communicating with your former tenant in writing creates a paper trail, helps you to avoid saying the wrong things, and thoroughly documents a timeline of the incidents occurred.

Step #4 – Get Legal Representation

Besides following the steps mentioned above in this article, the most important thing you should do is hire a lawyer.

Having proper legal representation on your side will save you the time, money, and hassle of making poor legal decisions. You really can’t afford to not have an attorney representing your best interests during this process.

Step #5 – Before Renting Again, Hire A Property Manager

At GoldenWest Management we feel for any landlord who has gone through the process of finding out that their tenant trashed their rental property.

We specialize in full-service property management so landlords don’t have to spend their time managing their rental property themselves.

To learn more about the services we can offer you contact us today by calling (866) 545-5303 or click here to connect with us online.

Do landlords have to provide refrigerator and washer/dryer?

One of the biggest questions that most renters and landlords have is if it’s the landlord’s responsibility to provide a fridge, washer, and dryer in the rental property.

Although some rental properties may have these common appliances, the reality is that it’s not the landlord’s responsibility to provide them.

Implied Warranty of Habitability

The main reason why landlords are not required by law to provide a washer, dryer, or refrigerator at a rental property is because of the of the implied warranty of habitability.

An implied warranty of habitability is a warranty implied by law in all residential leases that the premises are fit and habitable for human habitation and that the premises will remain fit and habitable throughout the duration of the lease.

Source – Legalmatch.com

The rental unit must be up to code, meet safety standards, have working electricity, a functioning heater and properly working plumbing. As long as the Implied Warranty of Habitability is met, most owners will consider their job to be done when it comes to providing a habitable rental property.

Most Landlords Will Supply Stoves, But Not Other Appliances

In this day and age, it’s common to find a rental property with a stove that’s been supplied by the owner. When it comes to other appliances though, like a washer, dryer, or refrigerator it’s not uncommon to find that the rental property doesn’t have those appliances.

Some landlords may choose to equip their rental properties with appliances like washers and dryers, especially if they are trying to rent their properties during a competitive market. The reality is that it’s extremely unlikely that a landlord will invest in additional appliances unless they were already in the rental property when they purchased it.

Landlords Must Guide Tenants Back to The Law

If a landlord faces feedback from a tenant who believes that they should provide appliances like washers, dryers, refrigerators, and stoves, that landlord should guide their tenant back to the law, and the implied warranty of habitability, then show the tenant that those standards have been met.

Landlords who wish to provide tenants with common appliances in their rental property should make sure that those appliances are properly documented before the renter take possession of the property, and the appliances should be listed in the lease agreement, just so the tenant knows they cannot take the appliances with them when they move out.

Get Property Management Here

For professional property management contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.