Buying a Rental For a Home

Some home buyers hesitate to buy a formal rental as a home.

The main concern is the perception that tenants don't take care of property the same way an owner-occupant would. Sometimes, tenants don't tell the owner when things break or even recognize when something goes wrong. But that doesn't always mean a home has been neglected just because tenants have been living in it.

Whenever I've sold my own rental property, I first asked the tenants to vacate because it gave me the opportunity to personally inspect the home from top to bottom and make repairs, if needed, and paint. Plus, I didn't have to worry whether the home would be kept clean and tidy.

Not only do vacant homes make showings a lot easier for buyer's agents, but buyers can't tell if it's been recently rented . . . read more about Buying a Home the Seller Rented Out.

More Articles by Elizabeth Weintraub:

• First-Time Home Buyers
  
• What Motivated Seller Really Means
  
• Requesting Seller Repairs

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