What is the best way to sell my rental property?

5 minutes

Please subscribe to this episode on your favorite player.

Or go to BoKnowsPodcast.com

To see the entire list of players, go to Podcast Player List

Start by moving the tenant out of the property. Incentivize them by offering to pay for their move, offer them the use of another property or help them find a suitable rental. Do whatever you can and have to, but get them out of the home so that you can sell it empty.

I was going to explain, in todays episode, my reasons for advising to sell the property without tenant, but the episode would get too long, so we will have another podcast titled “What NOT to do when selling your investment property.”

For today, let's assume that you agree, and have successfully removed the current tenant . So whats next?

First, the goal is to make this home attractive to a home buyer who wants to buy it for themselves. NOT another investor (the reasons for this will be explained in another podcast)

Depending on your price range, the home may appeal to a first time home buyer, so let's get it ready.

Fresh paint, in and out, fresh carpets, replace old lights and switches, fix anything that’s broken. Modernize it within reason…..  if the kitchen is 20 yrs old but still looks good, don’t replace it. If the toilets are stained and gross, replace THOSE.

Next, call a professional stager and stage the home. They know how to make a small bedroom look bigger, how to accentuate the positive while minimizing the negative.

Interesting side story: I had a bachelor suite for sale. Seller did not want to spend any money on it, so it was clean but not staged. Potential buyers had trouble imagining living in a suite without a bedroom, so it remained on the market for a full year.

When the listing expired, the seller finally took my advice and we hired a stager who showed the possibilities in this cute, quaint space.

Result…….SOLD within 10 days. Staging WORKS.

Ok, the place is ready for to be listed, and shown to an adoring buying public. Call your listing agent and get it on the market.

🌐 𝗟𝗶𝗻𝗸𝘀 𝘁𝗼 𝗺𝘆 𝘀𝗶𝘁𝗲𝘀 ⛓ 

My Podcast - https://boknowspodcast.com

Podcast Players - https://blog.winnipeghomefinder.com/podcast-signup

𝗠𝘆 𝗕𝗹𝗼𝗴 - https://blog.winnipeghomefinder.com

𝗟𝗶𝘀𝘁𝗶𝗻𝗴𝘀 - https://winnipeghomefinder.com

𝗙𝗮𝗰𝗲𝗯𝗼𝗼𝗸 - https://facebook.com/winnipeghomefinder

𝗟𝗶𝗻𝗸𝗲𝗱𝗜𝗻 - https://ca.linkedin.com/in/bokauffmann

𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺 - https://instagram.com/bokauffmann

𝗣𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 - https://pinterest.com/bokauffmann

𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 - https://www.youtube.com/channel/UCnx1SxuUFDh_crVG4EZPlqA?sub_confirmation=1 

More episodes from Bo Knows Real Estate

Market Report for Bridgwater - Winnipeg Neighbourhood Report

[00:00:00] Is now a good time to buy or sell in Bridgewater? Let's find out. [00:00:03][3.3]

[00:00:07] You're listening to the Bo Knows Real Estate Podcast. Tips and advice for home …

Real Estate & Coronavirus - Keeping Buyers and Sellers Safe

[00:00:00] Real estate in the era of the Coronavirus. How do we keep buyers and sellers safe? That's coming up next. [00:00:05][5.0]

[00:00:09] You're listening to the Bo Knows Real Estate …

Buying Your First Home in 3 Months or More? Do THIS now!

[00:00:00] First time homebuyers. Are you planning on buying your first home in three to six months? What should you be doing right now?

Buy a Condo or rent an Apartment? Which is better?

[00:00:00] If you're ready to sell your house and consider apartment style living, are you better off renting or buying a condo? That's what we'll examine on this episode of Winnipeg's Real …

New Focused Neighbourhood Market Reports in Winnipeg

[00:00:03] If you're interested in buying or selling a house or a condo, you might be paying attention to the national real estate news. Please stop that right now. If you're in Winnipeg, …

Winnipeg Real Estate Market Update for April 2020

All the info home buyers and sellers need to decide whether now is a good time to buy or sell in Winnipeg.

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Introductory Episode of 'Bo Knows Real Estate'
Start listening to Introductory Episode of 'Bo Knows Real Estate'