Getting rid of the tenants?

[Jason McVey]

Hey guys,

I'm purchasing a lot with two small 575sqft homes. I am going to rehab both and add value and then BRRRR the property.

I don’t want to keep the current tenants. What’s the best way to go about that?

[Kevin Sobilo]

@Jason McVey, the first thing to figure look at is what type of tenancy they have. Is it month to month or a lease.

If its month to month, I would negotiate for the seller to provide the units vacant. 

If they have leases, then inspect the leases and see if there is a clause about terminating the lease upon sale. My lease allows for that with proper notice. If this is the case, then I would again negotiate with the seller for the units to be provided vacant. 

If they have a lease which cannot be terminated, then I agree with @Jack Inman that cash-for-keys would be the logical place to start.