How Do You Know When to Sell an Investment Property?

How do you know when it is time to sell your investment property? I’ll go over a few signs to look out for today.

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If you have an investment property, how do you know when to sell it? Here are a few reasons why you might want to get that property off your hands: 

1. You’re moving out of state or out of the country, which will make managing the property too difficult. 

2. You have a bad tenant. If your tenant is not paying rent or not taking care of the property, you might want to go ahead and sell. 

3. Did you inherit the property? If you did and real estate just isn’t your cup of tea, go ahead and sell. 

4. You don’t have property management experience. If you can’t find a really good property manager, you are probably better off just selling the property. 

If you have negative cash flow, sell the property and stop the bleeding.

5. The market is starting to go down. In that case, it may be a good idea to sell your investment property before the market flattens out because it can take a while to recover. 

6. You have negative cash flow.  Negative cash flow means that the rent is not covering the mortgage. Sell the property and stop the bleeding. 

7. You are behind on making payments. Whether you are behind on HOA fees or taxes, that’s definitely a great reason to sell. 

If any one of these reasons resonates with you, please don’t hesitate to reach out to me. I would be happy to help you prepare that property for the market. As always, if you have any real estate questions, just give me a call. I look forward to hearing from you!

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