Hi all,

I'm wondering how to get an occupied property vacant before a flip, especially if you're out of state? For a BRRRR I can use my property manager since he'd be managing it post-rehab, but for a flip the PM wouldn't have any incentive.

- Harman

Hi @Harman N.

Depending on the terms of the contract, you can serve them a Notice of Non-renewal on their lease. Typical is at least 60 days prior to the end of the lease term.

Forrest Faulconer

Originally posted by @Forrest Faulconer :

Hi @Harman N.

Depending on the terms of the contract, you can serve them a Notice of Non-renewal on their lease. Typical is at least 60 days prior to the end of the lease term.

Forrest Faulconer

How do you serve the notice if you're out of state? 

@Harman N.

In normal times, you would just purchase the property and ask the sellers to inform the tenants to have it empty. If you already purchased the property then you provided them with a notice. Make sure you check the landlord laws of the area for a timeline.

Unfortunately, what you can run into due to the pandemic, is tenants that refuse to move out. The eviction moratorium will most likely be extended, and the state or city you are purchasing in could have a longer extension than national moratorium.

Having an extended eviction process will ruin your flip timeline, and cost you money.

Good luck!

Originally posted by @Harman N. :

Originally posted by @Forrest Faulconer:

Hi @Harman N.

Depending on the terms of the contract, you can serve them a Notice of Non-renewal on their lease. Typical is at least 60 days prior to the end of the lease term.

Forrest Faulconer

How do you serve the notice if you're out of state? 

 

It is just a form you can send them, simply purchasing a property does NOT allow you to evict tenants currently in a lease if they are not doing anything that would merit an eviction. That is why it is important to get all leasing information before purchasing a property.

Originally posted by @Forrest Faulconer :

Originally posted by @Harman N.:

Originally posted by @Forrest Faulconer:

Hi @Harman N.

Depending on the terms of the contract, you can serve them a Notice of Non-renewal on their lease. Typical is at least 60 days prior to the end of the lease term.

Forrest Faulconer

How do you serve the notice if you're out of state? 

 

It is just a form you can send them, simply purchasing a property does NOT allow you to evict tenants currently in a lease if they are not doing anything that would merit an eviction. That is why it is important to get all leasing information before purchasing a property.

The leases are all month-to-month so that wouldn't be an issue. 

After sending the form, how do you make them actually vacate? Or is this something property managers can handle for a flat fee even if they're not going to be managing the property (since it's purchased with the intent to flip)?