SELLING A HOUSE WITH TENANTS
We all want good tenants. Tenants that pay rent on time, keep the property nice and clean and aren’t a disturbance to the rest of the neighborhood. Sadly, these types of tenants don’t come around too often. Many bad tenants struggle to pay on time and do not take care of the property, since it isn’t their own anyway. Then there’s rent control and tenant laws. Getting this bad tenants out can be a long legal battle and cause multiple headaches. Many people just opt to sell the property rather than dealing with the tenants.
Selling the traditional way with tenants:
Often times if you list your house with a realtor, offers will be contingent to the eviction of tenants. Meaning the sale will not close until the court eviction process is over. This can take very long or be short if you’re lucky. Make sure to look up tenant laws in your city. Some cities like Los Angeles have very strict tenant laws – often times making you pay the tenants to move.
Selling directly to an investment company:
When selling to an investment company like SPS Homes the process can be much quicker. We can deal with tenants. We make offers and take care of the eviction process for you. That means you never have to deal with the headaches of court proceeding or wait for the long process to be over. We make you and offer and can close in a matter of 7 days. Make sure to give us a call and chat some more about your property with tenants!