Renters out... buyers in

4 Replies

After a couple of months of discussion, we have decided to sell one of the rental properties. Lease is up in NOV. Notified the tenant that we would go to a month to month but are putting the house on the market now. Once the property is under contract, settlement would be set for 45 days and would serve as their 30 day notice to vacate. 

Go over to take pics (after i advised them we are coming and to please pick up a bit).... well... wife is crying... we are doing her dirty... she thought she could stay for at least 3 years... "this is my home"... "where is my family supposed to go"... boo hoo hoo.... House was NOT picked up... but we got the best pics we could and used some from when we renovated. 

I have lots of reasons I could evict them if I wanted to... dog that is not on the lease... at least 3 people not on the lease, rent paid late every month but one... 

All the while we are taking pics she is crying... son tells her .. Mom its not your house... its theirs and they don't give a f#@$%k about you. I explained that we would be showing the property.. and she is concerned that "all my stuff" will be online in the pics (nothing in that house over 500 dollars...I explained that the tenants generally are not home when showings occur and we would give her notice prior to a scheduled showing... "What do you mean people will be coming in my house when im not here??"

Boy this is going to be fun. First showing... she was there... no feedback bout whether or not she acted the fool or not or what kind of condition the house was in. I may need to have them leave before we put back on the market. 

I get a text from wife ... why am I putting empty boxes on her porch... she is really upset.. why would i do that... I reassured her that I did not place empty boxes on the porch and to ask her kids.

Now LATE rent is being picked up by me tomorrow (due date was OCT 11). She wants a copy of the lease. I asked her if she lost hers? and if she has a specific question... no response... 

Lord help me... cant wait to sell this one. 

Start the process to legally remove them now.You will never get it sold with her in there unless you make the listing “interior sight unseen” for which you will have to take way less money then it’s worth.

I would take the house off of the market and get the tenants out. Once the tenants are out put the house back on the market. You are not going to be able to sell the house without taking a big loss with these tenants in the house.

Either sell to an investor who wants to keep them as tenants or vacate the property legally.

Follow every step properly or it can get dragged out, depending on your state's tenant landlord laws.

Agree with the others.  Give notice the lease will not be renewed when it ends in at the end of November and they will have to vacate at that time.  If they refuse to leave, and it sounds like they may, you will have to evict.  Warn them that having an eviction show up when the next landlord screens them will make renting another place harder.  Once they're out, fix the place up THEN put it on the market.

Give them a copy of the lease.  As long as you're following the terms, the lease protects you.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.