Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

2
Posts
0
Votes
Julie Bretton
0
Votes |
2
Posts

Selling House, Tenant Owes Back Rent, No Leverage to Evict Now...

Julie Bretton
Posted

Buyer is requesting rent rolls on 11 unit building. I have a tenant who is behind on rent but is now paying rent and making monthly payments.  Once the house is sold, the 11 months of catch-up payments will probably stop and I'm out several thousand.  

Can and would a buyer ever want to "take over the debt" to evict this problematic tenant?  (Tenant could suddenly "find" the money to avoid eviction and I'd get paid).  

Am I better off giving the tenant a "personal loan" - and take tenant to small claims court if he defaults?  If I give a personal loan and take on the debt, do I have to disclose that the tenant is behind? 

I don't want to ruin the sale.  Any suggestions?

Loading replies...