Easy Ways To Liquidate Your Rental Property In Los Angeles

If you’re well-versed in multi-property management in Los Angeles, that probably means you have a lot of properties you can put up for sale. An easy and convenient way to liquidate your rental properties fast is through packaging them together instead of selling them individually. That way, you can focus all of your marketing efforts into one property instead of individual sales.

Bundling the properties up will allow you to generate decent revenue while at the same time finding a way to sell dormant properties that you wouldn’t normally dispose of quickly. Bundling properties also attracts group buyers, international investors, and tycoons who may be looking to make significant investments. While you may not have many qualified buyers to target with bundled property packages, you can narrow your marketing efforts to targeting these few with a single sale.

Another way to easily liquidate your rental property is through preparing it for sale. Prepare it for sale by investing in renovations and repairs that will make your property appear more sellable. The better condition your home is in, the more offers you will receive and the easier it will be to justify the price.

Declutter your rental property and make it more presentable. Clear countertops, shelves, closets, and corners where items may have accumulated. Invest in the necessary renovations and repairs to make your home spotless. Make sure your property remains in mint condition until it’s under contract.

Another way to liquidate your rental property quickly is through auctioning it off. This involves selling your property through a bidding process. If you need to sell your property off before a given date, this liquidation process is the most ideal way.

However, the problem with auctioning your property off through bidding is that prices usually fall below fair market value. If you need to sell your property by a certain date but don’t want to lose money, use a controlled auction. By using a controlled auction, you’ll have a base price that each bidder must reach.

Market and list your home to attract many potential buyers. There are two ways you can go about this, by working with a realtor or selling your home yourself. If you enlist the help of a realtor, the realtor will be the one to coordinate professional photographs of your home, posting the “for sale” signage in your yard, hosting open houses, and listing your property on the MLS (multiple listing service) database.

However, if you opt to sell your home by yourself, also known as the FSOB (for sale by owner) method, you’ll have to do all of the responsibilities of the realtor. The most important thing you need to do is to list your property on the MLS database. You’ll be able to do this through a service by paying a flat fee.

Last but not least on our list of tips to easily liquidate your rental property is selling to a professional home buyer. If you don’t want to go through an auction but need the cash fast, we can help here at Inhouse Offer.