Evict Tenants

Evict Tenants

los angeles, CA · Member since 2014 · 15 posts · 3 votes

Hi All, 

I'm interested in purchasing a multi - unit property California. The listing agent has warned me that if I purchase this property I will need to evict the tenants. There are two sets of tenants who have lived there for 1+ years. 

I've asked around and am getting a few mixed answers so I thought I would ask the pros! What is the eviction process and how long does it take? What is the fastest/legal route to take to get them out?

Thank you in advance!

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  • Investor · Socal · Member since 2015 · 222 posts · 34 votes
    11y

    Sok sabai! If the listing agent is selling a property with tenants and warning that you will need to EVICT the tenants that is such a huge red flag.

    My first questions would include:

    Why is the owner selling it (if its not a foreclosure/REO)? Is this a regular, or distressed sale?!

    How many units?

    Why haven't the tenants been given notice to vacate by now? What sort of leases do they all have?

    That said, I would be buying the building, not the tenants. Some investors like to purchase a rental property and consider keeping all/some of the tenants. Not me. My offers (and contract) always stipulate vacant upon close. 

    There's been one property where a seller himself remained living in the property after close, and I had to use holdover/eviction in court not just a sheriff to get him out even though he just sold me the house.  Thats why I will never close unless on the morning of the close the building is evidently fully vacated and locked shut then we close and I rush over with the keys and change locks.

    Good luck with your offers, investments and tenants!

  • Investor · North Tonawanda, NY · Member since 2016 · 6 posts · 1 vote
    10y

    Why you prefer buying with no tenants?  Seems like it would be nice to have money flowing in on first day of purchase.

  • JD MartinBusiness Member
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    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    10y

    My first question would be "Why do I need to evict the tenants?" That should give you all the answers you need. Disclosure: I don't buy properties with active tenants. I want to find my own tenants, but I have a preference for Grey Poupon. 

    Skyline Properties
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  • Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
    10y

    @Sovannary O.

    You'd have to provide more details for anyone to accurately answer this.  For instance, why will you need to evict them?  Are they not paying rent?  Are they violating the terms of the lease in some way?  Is there a lease?  Or are they month-to-month?  Was the property a foreclosure or not?

    I could give try to give you specific answers if you provide more specific information. 

    Until then, here's some info on the eviction process in California that might be helpful:

    California Courts Eviction Process for Landlords

    California Dept of Consumer Affairs: The Eviction Process

  • Rental Property Investor · Los Angeles, CA · Member since 2017 · 210 posts · 155 votes
    8y

    Los Angeles is a market where eviction is a barrier to entry for many who are looking to purchase property. If you prefer to purchase a property with market rents or completely vacant, you will pay a premium. If you purchase a property with section 8 tenants or rent control tenants, you'll get a discount on the property but you'll also need to either increase the rents or evict to get a decent ROI. Speak to an eviction attorney to discuss your particular situation and the understand the likelihood and cost of the eviction. DM me if you'd like a referral.

  • Rockaway, NJ · Member since 2016 · 2k+ posts · 2k+ votes
    8y
    Originally posted by @Dima Tupchik:

    Why you prefer buying with no tenants?  Seems like it would be nice to have money flowing in on first day of purchase.

     you prefer buying with no tenants because that is a variable you no longer have control over. a good landlord only rents to tenants who can pay rent, and can be collected from if you evict them. bad landlords put in tenants who barely make enough to cover rent+bills, and one slip up means they don't pay rent and get evicted. you also give up control if you take on someone else's lease, as the terms transfer to you. if the tenants are paying $1000 under market rent, and lease is for 3 years, you have to eat that $1000 cost until lease is up.

    technically, inheriting great tenants would be wonderful, but you never know if they are good or not

  • Investor · North Tonawanda, NY · Member since 2016 · 6 posts · 1 vote
    8y

    Thank you for clearing it up.

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