Non-paying tenants, evictions in progress, property damage, constant conflict. We buy rental properties with tenants in place, you don't have to resolve any of it before closing.
Being a landlord was supposed to be an investment. At some point, it became a second job you didn't want, dealing with tenants who don't pay, don't maintain the property, and don't respond to communication. You don't have to wait out an eviction, do a major renovation, and then list on the MLS. You can sell it now, as it is, and let someone else take it from here.
In Ohio, tenants have rights that survive a property sale. If a tenant has a valid lease, that lease transfers to the new owner at closing, the tenant cannot be required to leave simply because the property sold. For a traditional sale, this creates a significant hurdle: most retail buyers aren't interested in a property that comes with tenants they didn't choose, especially ones with a troubled history.
We buy investment properties regularly, including those with tenants in place. We evaluate the property and the tenancy, price accordingly, and take on whatever situation exists at closing. If there's an eviction in progress, we continue it as the new owner. If tenants are current but the relationship is damaged, we have tools to start fresh. Either way, it becomes our problem, not yours.
One of the most common scenarios we see: a landlord is midway through the eviction process and doesn't want to spend another six months managing court dates, writs of possession, and sheriff lockouts. The eviction can be transferred to the new owner. You sign the property over to us, we take over as plaintiff in the eviction proceeding (or start a new one if necessary), and you're done.
Ohio's eviction process is slow, and the time and legal fees required to see it through can add up substantially. If the property isn't generating income during that period and you're still paying taxes and insurance, every month is a loss. Selling before the eviction completes often makes more financial sense than waiting.
When tenants cause damage, whether intentional or through neglect, landlords face a difficult choice: repair it before selling (expensive and requires access the tenant may resist), or sell as-is and accept a lower price. We buy in any condition. Tenant damage is factored into our offer rather than becoming something you need to fix first. You don't need to fight for access to do repairs, and you don't need to estimate what repairs will cost before knowing what we'll offer, we handle that.
Not every difficult tenant situation warrants selling. If the tenant issue is isolated and the property is otherwise performing well, resolving it and re-renting might be the better path. We'll tell you that honestly if we think it's true.
But if you've been dealing with non-payment for multiple months, if the property has sustained significant damage, if you no longer want to be a landlord, or if the carrying costs are outpacing any realistic rental income, a sale is worth seriously considering. Call us and we'll walk through the numbers with you.