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Selling Your Property? Consider Renting It Out First

Eric Guggenheimer - Thursday, August 12, 2021

If you’re considering selling your property, it may be a good idea to think about renting it out first. Even if your property isn’t exactly up to code, a professional property management company can help you transform your property into an investment that’ll benefit you long term.

Even if you already have an existing rental property with tenants and are thinking about selling, you don’t have to unload your property just because you’re concerned about its condition or building code violations. Our team at Circle Property Management can help you address violations, keeping tenants happy, working with HOAs, and helping you achieve your goals to keep your investment profitable.

Here’s how a property manager can help you manage your investment for long-term benefits.

Correct Violations Even on a Deadline

It’s not uncommon for properties to accumulate building code violations, but even if you’re overwhelmed with the number of violations you currently have, our team can help. We’re well-versed in what properties need to stay up to rental code in the state of Virginia and can help you correct numerous violations even on a deadline.

The result is that your existing tenants will have their building improved, and you’ll be able to attract new tenants easier if you’re a current investment property owner. If you haven’t rented out your property yet, getting it up to code can help you be ready to start marketing your building as soon as possible.

Hire Reputable Vendors to Meet Your Needs

We’ve been in the property management business since 2008, and our time and experience working with professionals in the industry allows us to hire reputable vendors to meet your building’s needs. Whether you need a complete renovation to get your property ready to rent or just a few updates to stay in compliance, we can quickly arrange the right pros for the job.

Our experience allows you to skip the hassle of searching for, interviewing, and hiring the right professionals to work on your property. Instead, we can help you streamline the process so you’ll have an investment property that’s ready to rent in no time.

Sell Later at an Increased Value

If you’re still thinking you’d like to sell your property, consider that renovating your property and renting it out now gives you a form of sustainable income. In addition, by selling later, you’re not only waiting until the opportune time to sell, but your building will be in much better condition and net a higher value when you’re ready to move on.

Buyers like to see a property that’s in excellent condition and ready to go with little to no updates needed. We can help you maximize your investment by getting your property up to date and ready to sell for when the market is at its best. If you do decide to sell, Circle Property Management can also help you!

Contact Us at Circle Property Management

Do you have an income property in Northern Virginia and are considering selling it? If so, contact us at Circle Property Management first. We can help you conduct the necessary updates, maximize your investment, and ensure your property is operating at its best before you decide to sell. Contact us today at (703) 349-0144!

About The Author

Eric Guggenheimer - SFR, ARM ® » Principal Broker, Certified Property Manager, IREM, ARM, NARPM, NVAR, NAR, VAR