Common reasons landlords call us
- Tenant turnover and repeated repairs
- Below-market rents
- Property management fatigue
- Deferred maintenance
- Nonpaying or difficult tenants
- Out-of-state ownership
- Portfolio simplification
- Capital needed for another investment
What we need to know
Current rent, lease term, payment history, deposits, utilities, major repairs, taxes, insurance and the current loan. For portfolios, a simple spreadsheet or rent roll is enough to start.
A tenant can change the sale—but does not automatically prevent it.
Lease rights, notice requirements and security deposits vary by state. A buyer purchasing occupied property typically needs to understand the existing tenancy and honor applicable obligations. Do not make promises to tenants or try to force a vacancy without understanding local law.
Good tenant, good rent
An occupied property with clean records can be attractive because income continues through the transition.
Good tenant, low rent
Below-market leases affect value, but the lease expiration date and future upside may still create a workable acquisition.
Problem tenancy
Delinquency, property damage or legal disputes require more care. The situation should be disclosed so it can be underwritten honestly.