General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Anyone have experience with rent-controlled tenants in SF?
Hi friends!
My husband and I are thinking about buying a MF triplex in SF in the mission district. The issue is that we have 2 rent-controlled tenants in the building.
1) One tenant is over 60 and has lived in the unit for more than 10 years.
2) Tenant 2 claims to be catastrophically ill and has lived in the unit for > 5 years.
We haven't made an offer yet, and want to get an understanding of how easy/difficult it will be to legally get these tenants out (e.g. buying them out).
Does anyone have experience with issues like this? Or know where we can learn more about options and tactics?
Thanks all!
Kusum.