Many homeowners are wondering whether they can sell their properties even though tenants remain in their homes. Yes, it is possible. If you’re in this scenario and want to know more to help you, here are a few of them.

1. Be aware of how to protect your rights as a landlord.

Even though you’re the property owner, the law governs your tenant’s rights. In the case of a state, minor variations could be in place. In general, if the tenant pays the rent on time, eviction will not be possible. However, knowing that late payment can lead to removal, you’ll be prepared when this occurs.

2. Invite investors to purchase the house.

This strategy could be uncertain, but it could be the most effective way to dispose of your rental property with the proper discussions. Of course, investors will be thrilled to become the new owners of the house. Nevertheless, they have to be willing to accept the tenant on with the new ownership. Additionally, the new owner should also maintain the rental rate until the right time to consider an increase.

3. Provide your tenant with an advance payment for their move out.

Though this option might be in the realm of possibilities, you never know when it could just be your lucky chance. In this case, knowing the median rent in your area will assist you in determining how much you’ll be able to charge your tenant to get rid of the property. For a quick calculation, it’s possible to divide the rent per month by the remainder of the time the tenant is required to pay on your property.

To make your proposal, you may be able to cover the moving out expenses or pay the security deposit to the new location you are planning to lease.

4. Let your tenant buy your property.

If your tenant refuses to vacate your rental, you may let the tenant purchase the property even after you have offered payment. There are mortgage companies that can assist them in purchasing your property. If you know of one, they can refer them. However, if they’re not able to obtain mortgage financing, you could as well let yourself be the lender as well.

You are the proprietor of your property. If your tenant is non-cooperative, you can seek assistance from authorities such as the police. There are other scenarios where the tenant may change locks, preventing accessing your property.

Renting a property occupied by tenants is different than selling a vacant house. If you follow the actions discussed previously, you can start to make a plan or wait till the lease agreement ends.