Sell a Rental With Tenants Still in It

You do not have to remove the tenant first

Selling a rental with tenants to a typical buyer usually does mean handing it over empty. That means notice periods, maybe an eviction, and months of process before you can even list. We buy with the tenants in place. The lease transfers with the house and the tenant stays. No notice, no eviction, no empty months you have to cover.

Unpaid rent and damage do not rule a house out

A tenant who has not paid in months is something we take on, not something you have to fix before selling. The same goes for damage, a unit packed full of belongings, or a unit you have not been able to get into. Tell us what you know, and what you do not know because you have not been inside. We will price the house with that in mind.

Several rentals can sell together

If you are selling more than one, we will look at them together and close them on a single date. That is usually simpler than running several listings at once, and it means one set of closing costs and one conversation.

What to have ready

• The lease, or its end date and rent
• Whether rent is current
• The security deposit amount
• When you were last inside

We are a cash buyer, not attorneys or accountants. Nothing here is legal or tax advice. For the legal side of a sale, talk with your attorney too.

Questions people ask about this

What happens to my tenant's lease?

It transfers with the house. The tenant keeps the same lease on the same terms, and we become the landlord. Security deposits are transferred at closing.

Do I need to tell the tenant I am selling?

Eventually, yes. Your lease and state law set the notice. But you do not need to have that conversation before you get an offer, and with no showings there is nothing to disrupt in the meantime.

The tenant has not paid in months. Will you still buy?

Yes. Unpaid rent is a normal part of what we look at. It changes the number, not whether we are interested.

Keep reading

See other situations we help with, or find your local market. Every market page shows its own sale prices, ZIP breakdown and rent data.