How do you work around tenants when wholesaling?

4 Replies

Hey guys. I've got a couple deals in the works, but each of them has tenants in the property. I'm curious to hear your strategies on dealing with this.

1. From the beginning when you first talk to the seller, how do you get in for the initial walkthrough of the property when it is tenant occupied? I've found that a lot of the sellers are hesitant on this because the tenants are there and they do not want to disturb them?


2. How do you get potential buyers in there for a showing with tenants? A lot of these sellers say they don't want us constantly going in and out of the property due to the tenants. I've thought the best strategy may be to mention up front, we will need 1 day to inspect the property and try to line up all showings for that 1 day. However, this can get tricky to find a day that'll work for most potential buyers. 

How do you get the buyers in there to see the property while also working around the tenants? How do you get the seller on board to let you do this showing and not harass the tenants constantly?

Hello, I closed a couple deals with long term tenants and transactions went smooth.  The tenants were comfortable with showing the place with timely notice. 

Originally posted by @Shamelia Leak :

Hello, I closed a couple deals with long term tenants and transactions went smooth.  The tenants were comfortable with showing the place with timely notice. 

Have you run into any where tenants/seller weren't as comfortable with it? I'm running into this a good bit, especially on the initial appointment where sellers are less willing to let me go look at the place due to tenants occupying. Or, the seller will say they don't want us going in and out of there a lot after we are under contract

 

Get the contract with an offer assuming worse case scenario even if they dont let you see inside. You can still take pictures of the outside for your buyers. Once under contract, in the inspection period set up a one time showing for your buyers. Send them out a blast email with the date and time, make sure to say it is tenant occupied and not to disturb the tenants before the showing. Set a time for highest and best from all buyers. If no buyers want it, either buy it yourself or exercise your option to terminate the contract. This way there is only one or two showings.