selling rental property: better empty or leased?
Post date: 2018-05-16 03:11:13
Views: 116
I have a four-unit apartment building which I may want to sell in the next year. This is in Santa Cruz, CA, where the city council have recently imposed rent controls including prohibiting tenant removal at end of lease, and a more punitive rent control measure is likely going on the ballot in November. Some of my tenants are moving out soon. When selling the building, would it be better to have all apartments leased and paying rent, or have apartments empty? What is better for a prospective buyer, and what are they likely to prefer?
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