Selling a Rental Property in Austin
Selling a rental comes with a few extra steps. Here is what to think through.
Tenant in place or vacant?
- Selling with a tenant can work for investor buyers who want rental income.
- Selling vacant makes it easier to prep, stage, and show to buyers who want to live in the home.
Read the lease
The lease spells out notice requirements and showing access. Respect your tenant's rights and give proper notice.
Prep after move out
Rentals often need paint, cleaning, and small repairs between tenants. A little work before listing can make a big difference.
Taxes
Selling a rental can trigger capital gains and depreciation recapture. Some investors use a 1031 exchange to defer taxes by buying another investment property. Talk with a CPA before you list, since timing matters.
Pricing
Investor buyers look at rent and returns. Owner occupant buyers look at condition and location. Knowing who your buyer is helps us price and market well.
If you are thinking about selling a rental, let's talk through your options before you give notice.
This article is general information, not legal, tax, or financial advice, and is not an appraisal or a guarantee of value. Market figures come from Unlock MLS and are deemed reliable but not guaranteed. Rules and programs change, so confirm details with the right professional.