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Updated almost 10 years ago,
Evict section 8 tenants?
I am purchasing an REO MFH which i just found out is all section 8 tenanted. From what i can see from the hall ways and the one apt i got access to, the owner nor the tenants maintained it well (mainly cosmetic). My question is, can i simply evict all the tenants in order to remodel the property to resell to an investor vacant? If so, how long is the process and what do you have to do/prove? I assume i would need a specific reason to do so? To my knowldge the building is not rent controlled/stabilized since its actually fairly new construction (5 years old)
If not, what other options do you have? Just cash for keys?
If anyone is familiar with what the going rate is for cash for keys in the queens/brooklyn market, i'd appreciate it.
Also, how do you go about finding out what the tenants have been paying in the past via section 8? I know this sounds odd considering i'm the owner now but i'm a silent investor in the purchase and this is being run by my partner who doesn't like to share his trade (yes this is not the ideal partnership!)