I have a tenant who is a Texas licensed sales agent.She messaged me that she would like to buy-out the remaining 8 months of her lease due to a bitter divorce.I highlighted the cost to to include holding cost and cost of leasing.
Sensing that this may run to a couple of thousands,she is offering to list the house, do showing and continue to live in the house until a new tenant is found.I am just not comfortable with this suggestion, I will rather list it myself being a realtor and let her do the showing instead.I am trying to keep the relationship strictly landlord -tenant without any complexity.
I am just curious what you guys would do or did in a similar situation.
Thanks in advance
Keep it professional .
List the property when it rents. Let her out of the remainder. It's business.
@Ayo O. List the property yourself. Let REALTOR do some of the showings as appropriate. Maybe even advertise the property, if She desires.
Keep everything on a professional level. Remember, you'll still do the Tenant Screening and make decisions on new tenants.
An idea that might help both parties, is if Tenant is willing, She could buy down the Rent, if both of you are willing to allow someone to get in at a lower price point until the original lease is completed.
@Brian Van Pelt thanks for taking the time to respond
@Jim Cummings thanks for taking the time to respond.
I have done exactly this with non-realtor tenants. They want out early and I let them on the condition that they help me rent it first. I do the listing, but they will also share my marketing materials with their personal networks. Some tenants are very good at finding new quality tenants. I had one who did photography on the side and took some really nice photos. Social media makes this easy for them.
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