The last couple of clients i have talked to  have been looking to sell their tenanted property. 

And for both of them, their main concern is "i'd like my tenants to be comfortable with the process." 

And really this is something that you want for the sake of a stress free experience. And yes, there are a lot of owners of tenanted properties that are more concerned about the sale as opposed to the comfort of the people thats been paying their mortgage for however long theyve been living there.

So, heres a couple of things that you want to do to make the process really comfortable for the tenants.

1. Have that discussion early
You wont beleive how many landlords find it difficult to have that talk with the tenant that they intend to sell the unit.  Some find it so difficult that some landlords put their property on the market without letting their tenant know.  And if that conversation of informing the tenant isn't easy, the discussion of infoming them that the property is sold isn't easier.  Actually this type of conversation is the oen that hits many disputes.  

The conversation is easy.  And its respectful.

"Hey, just wanted to let you know, we're looking to sell the property in a year's time. We might or might not, but just wanted to let you know.  


2. Sell at a decent market
With the current market slow as it is, its definitely not a good time to put your tenant in the mix.  Ideally, you dont want to be bothering your tenant for months during this process.  It gets frustrating, especially if they take time in the day to help out preparing the property for a showing.  So, you want to do this at a decent market where you can minimize interruptions.



3.have your realtor in the initial conversation before the property get listed.
Whenever listing a tenanted property, i do insist on introducing myself.  A lot of times, the owner just gives the contact information to the realtor and have them contact the tenants themselves. Alternatively, theres a better method, where the realtor, the tenants, and the owner can be in the room at the same time, to address concerns, answer questions, and go over the process as everyone sees fit.  This is also a good way to make sure everyone is on the same page before the property goes onto the market. 

Anyways, hope this information helps. 

Cheers!