Posts Tagged ‘Sell’

Often we are asked if a duplex unit should be left vacant on one side to facilitate a sale.  There are pros and cons to this and having one side vacant certainly allows for an owner occupant buyer and broadens the buyer pool.

There are two primary kinds of duplex buyers:  the owner occupant who wants to live on one side and the investor who wants a pure investment and prefers both sides rented out.

It would be a good idea to have a short term lease or have a tenant go month to month to keep income coming in for the owner and to keep options open for an owner occupant buyer.   Another option is to have any new lease have a 60 day landlord written notice to tenant to move-out clause.

Another technique is to consider charging a premium rent to allow a shorter term lease of say 3 to 6 months.  A higher rent will translate to a higher selling price for the duplex too.  Higher rents = higher cap rate/return on investment.

Thanks for reading.

Hong and Dianne Lee

DuplexDianne.com Team


Read Full Post »