My tenants lease is ending in a few months. I want to see if he'd be interested in buying but not turn him away from renewing the lease. What's the best way to approach this conversation? Or should I see if he wants to renew the lease first?

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Just ask. Hey I think you’re an awesome tenant. Any chance you would want to buy or just lease for another year?

It’s a very kind offer, especially if they are likely to need a low money down FHA loan. Those offers don’t tend to get accepted in a competitive market, but if you tell them that you’re open to selling to them, they will likely take better care of the home.

You could start by expressing your satisfaction with them as tenants and their adherence to the lease terms. Then, mention that you're considering selling the property and inquire if they might be interested. Emphasize that you value their tenancy, regardless of their decision, and assure them that you're open to discussing lease renewal if they prefer. This approach allows them to consider their options without feeling pressured, maintaining a positive landlord-tenant relationship.

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