Our Oregon Private Money Loans Takes the Stress Out of Financing
The goal of any a real estate investor is to maximize return on investment. The ability to sell when the market is hot is an important part of an investment strategy.
Selling a single family rental or investment property requires good timing and an understanding of the market. Today’s housing market is robust and buyers are eager for listings. But the scenario presents a unique set of challenges to landlords interested in selling.
A Federal national eviction mandate remains in effect in response to the pandemic. No homeowner or landlord in any state can remove a tenant for issues like non-payment or let tenant contracts expire. What does it mean for real estate investors in an historically hot sellers market?
Landlord Tips: What to Expect if You Want to Sell Your Tenant-Occupied Property
If you want to sell your tenant-occupied rental property, consider the following.
- Research shows that tenant-occupied single family homes take longer to sell and sell for less – if they sell at all. In Portland, Oregon, nearly 1 out of 2 occupied rental properties on the market in 2020 never sold. By comparison, only 17% of vacant homes failed to sell.
- You don’t have the right to break a tenant’s lease. Selling a rental property is not an exception to the rule under the current federal eviction mandate. The lease must go with the house and the new owner must take on landlord responsibilities.
- Tenants have the right to privacy and quiet. Buyer showings are intrusive and 24 hours notice is not enough time to allow compliance. Get written permission in advance from your tenant that includes mutually agreed to notification before any showing.
Real estate investing is a balancing act. With a bit of luck and good renter relations, you can successfully find the right buyer for your tenant-occupied home.
Finance with an Easy-Apply Oregon Hard Money Loan
Does your rental property need repairs or upgrades? Are you ready to add a new investment property to your portfolio? If you need financing, talk to our experienced lending team. We help Oregon real estate investors make the most of the market and meet their investment goals. Our hard money loans are simple to apply for and put cash in your hand fast. Unlike conventional lenders, our loans are asset-based, so your credit and employment history are secondary. Paperwork is nominal and the process is stress-free. Call our Gregory M. Russell hard money loan team at 1-888-477-0444 to learn more or complete our online loan request form. When landlord demands get complicated, we help keep things simple.