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Updated about 3 years ago on . Most recent reply

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55
Posts
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Trina P.
  • Fort Worth, TX
13
Votes |
55
Posts

How to sell my cash cow property?

Trina P.
  • Fort Worth, TX
Posted

Hi Bigger Pockets!

My husband and I own a rental property in Huntsville in Madison county. It's a 4 Beds·3 Baths·1,395 Sq Ft in amazing school district, has really good tenants, and overall has been an excellent property for us these past 5 years we've owned it. We're only collecting $1350 right now from the tenant so the rent count definitely be increased. Probably closer to $1900.

My question is, our property manager has offered to sell it for us but should we try to sell it ourselves to save the commission? Is there enough demand? Also, our tenants have a lease that expires in June. What's the law in Alabama for breaking the lease to sell? Can I give them notice? 

Would it be better to sell as an investment or on the MLS?

Thank you for your help! Here is the zip code for reference 35803 

Most Popular Reply

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2,313
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1,139
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Bud Gaffney
  • Rental Property Investor
  • Boston, MA
1,139
Votes |
2,313
Posts
Bud Gaffney
  • Rental Property Investor
  • Boston, MA
Replied

@Trina P. How is this a cash cow property? Respectfully.

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