Crestview, FL · Member since 2017 · 6 posts · 3 votes
I am writing a contract for subject to. There are tenants in place that have only been able to make partial rental payments. The owners have been going round and round with property management and getting tenants evicted. My plan is to get the contract and then offer the tenants cash for keys. Any thoughts or concerns are appreciated. Could I try to evict before closing or wait until close?
Not sure of the time frames involved in Florida evictions but if you have the sellers permission to do so then I would absolutely pursue getting rid of deadbeat tenants as fast as possible. Just be aware of the deal falls through you have spent a little money. Subject to closing should be super quick so that shouldn't be an issue. I can get one closed here in GA in under a week.
Because your not the owner, I don't believe a judge will allow to evict. Have the present owners do it. Delay closing or hold back money until you have possession.
In CA I have inherited a few non paying tenants. A couple of them actually started paying when I bought the property. Find the root cause why they are not paying. At close of escrow we immediately serve notice we are new owner.
Frank