Can I sell a rental property with tenants still living in it?
Yes. You can sell a rental with tenants in place; their lease transfers to the buyer, and you do not have to wait for it to end or evict anyone. Southern Home Offers buys occupied rentals as-is, including ones with problem tenants or deferred maintenance.
Why this kind of house is hard to sell the usual way
An occupied rental is hard to show, often cannot be inspected or photographed well, and most owner-occupant buyers want it empty.
Problem tenants, unpaid rent and years of deferred maintenance make the numbers worse every month you hold.
How we buy it
- We buy with the tenants in place and take over the lease and deposits at closing.
- We need only one walkthrough, scheduled with proper notice to the tenant.
- Portfolios of several rentals are fine.
How it affects your offer
We look at the house both ways — as a rental and fixed up for resale — and price from the better of the two. See exactly how we calculate an offer.