Texas SFR Portfolio Sale to Investorw/ Tenants

[Travis C.]

The market is gangbusters in San Antonio and I am thinking about selling my whole portfolio of turnkey properties (SFH's) with tenants to one investor and sail into the sunset at this point.

However, and I probably need an attorney, but I'm getting mixed signals through my reading on the legal permissibility of selling when tenants are under leases. I'm sure apartment complexes change ownership constantly while occupied so how would this be any different than that I wonder?

Ideally, I'd sell to an investor who wants tenants in place under cash flow positive scenarios which mine are, but I'm just unsure what the consequences of doing so would be from a Texas Tenant-Landlord law standpoint.

[Guy Gimenez]

There is no legal issue with selling your portfolio with the tenants in place. The buyer purchases subject to the existing leases. This is done all the time. Did you have some specific concern?