The rental stopped making sense two tenants ago.
I'm tired of being a landlord.
The honest answer
Start with the real monthly number: rent collected minus mortgage, taxes, insurance, repairs, vacancy and your own time. Many rentals that feel like they are working are breaking even before the owner counts weekends. From there, the question is whether to fix the operation, sell with the tenant in place, or vacate and sell to the widest market. Taxes, especially depreciation recapture, shape every one of those choices.
Every path, side by side
What each option gives you, and what it costs.
-
01
Hire a property manager
Works when: Keeps the asset and gives back your time.
Tradeoff: Typically a percentage of rent plus leasing fees, and it does not fix weak numbers.
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02
Vacate, then list
Works when: Widest buyer pool and usually the highest price.
Tradeoff: Lease timelines, lost rent while vacant, turnover repairs and commission.
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03
Sell with tenants in place Residios may buy
Works when: No vacancy, no turnover, no waiting for a lease to end.
Tradeoff: Fewer buyers. Investors price in the lease and condition.
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04
1031 exchange
Works when: Defers capital gains if you want to stay invested in real estate.
Tradeoff: Strict deadlines and a qualified intermediary. Talk to a tax advisor first.
Before you sign anything
A short checklist.
- Pull twelve months of actual income and expenses, not the pro forma.
- Read your lease terms and your local notice rules before planning a sale.
- Ask your tax advisor about depreciation recapture and 1031 timing.
Go deeper: Selling a rental with a tenant in place
Common questions
Can I sell with a tenant still living there?
Yes. The lease generally transfers with the property. Notice and showing rules vary by state and locality.
What if the tenant is not paying?
That changes the math and the timeline, not the options. Tell us what is happening and we will lay out each path.
Free written comparison
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Who you will hear from
Tracey Kelley
Co-founder and CEO. Handles purchases and answers requests.
LinkedIn profile (opens in a new tab)Justus Eapen
Co-founder and COO. Runs operations behind every comparison.
LinkedIn profile (opens in a new tab)Your response comes from Tracey or a Residios staff member.
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