Rentals look great on paper until the water heater goes out in January, the tenant stops paying, or you realize you’ve spent every weekend on someone else’s house. If you’re ready to be done, you don’t have to evict anyone or fix anything first.
How it works with a rental
- Tenants can stay. I buy occupied properties and honor existing leases. Your tenants don’t need to know anything is changing until closing.
- Vacant and rough is fine too. Trashed unit, deferred maintenance, dated everything. I’ve seen worse.
- Sell one or several. If you have a small portfolio, I can take the whole thing in one closing. See the landlords page for details.
- Think about the tax side. Selling a rental can mean capital gains and depreciation recapture. Seller financing can spread that out over years. Talk to your CPA, then let’s discuss creative financing if it fits.
What to have handy
Current rent, lease end dates, and any known issues. That’s enough for me to give you a real number.