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Updated over 1 year ago on . Most recent reply

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Fran Chun
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2
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Zillow tenant occupied listings

Fran Chun
Posted

I've been researching several different market and noticed quite a bit of listings that says "tenant occupied currently paying xx per month with lease till xx date" or some will say month to month lease.

But on the pictures they've uploaded picture of empty houses(no furniture) and some look like computer generated (like a model of what it would look like before building or renovating).

Are these like some sort of scam where they entice investors as "cash producing investment property" and right after you buy the property the tenants suddenly decides to move out. 

Thanks

Most Popular Reply

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107
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Dock Newell Jr
  • Real Estate Agent
  • Grand Forks, ND
76
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107
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Dock Newell Jr
  • Real Estate Agent
  • Grand Forks, ND
Replied

Hi Fran,

Based on some listings I've had in the past, some agents or sellers will use pictures before the tenant moves in. That's not to say that some of those listings are not scams. The best way to find out is to either work with an agent or ask the seller if you can do a walk-through. Due diligence is critical in situations like these because  you have to ask yourself, "Why are so many landlords selling?" You're on the right track. Let me know if you need any help!

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