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Karah Katenkamp
  • Rental Property Investor
  • OH
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Sherriff Sale Auction : Cash for Keys

Karah Katenkamp
  • Rental Property Investor
  • OH
Posted

I just bought my 1st property on a sheriff sale that is actually occupied. I am in Ohio and its freezing. I would like to make sure that once she leaves, the heat does not get turned off and the pipes freeze. Does anyone have any suggestions on strategy? I have thought about giving cash for keys. Do I have a legal right to do that before the confirmation of the sale? Thanks in advance! 

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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Karah Katenkamp have you spoken with her yet...it's usually best to try and build rapport in these situations...losing a home would suck and upsetting the occupant could have dire consequences. Offering cash for keys is a good start...we would normally explain the alternative scenario in detail...meaning that once the sale is confirmed and the deed is transferred you become a landlord...this is a civil issue and the police will not get involved...meaning you file eviction as a last resort. The eviction lawsuit is a permanent mark on her background and probably prevents her from being able to rent anywhere decent ever again...

I would consider a couple of backup plans if she refuses, like getting a lease in place...do some more research on squatters and squatters rights in Ohio...its horrifying, but valuable to understand the process.

How long has she lived in the home before the sale?

  • Brandon Sturgill
  • 937-979-7000
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