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Updated over 7 years ago on . Most recent reply

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313
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Tim Kaminski
  • St. Petersburg, FL
68
Votes |
313
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Buying Property. How to remove tenant to make room for myself?

Tim Kaminski
  • St. Petersburg, FL
Posted

I am considering buying a multifamily property in St. Petersburg, Fl.  Would like to house hack but the unit that I would be moving into has a new tenant that wouldn't be out until August of 2018.  

I have heard of the cash for keys strategy, even though I wouldn't know what a reasonable amount of money to offer would be($1000/mo rent).  Are there any other strategies to getting a tenant out of their old lease or do I have to honor it?

Is there anything about changing ownership of the property that would let me kick a tenant out or am I S.O.L.?

Thanks,

Tim

Most Popular Reply

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5,752
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3,860
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Michael Noto
  • Real Estate Agent
  • Southington, CT
3,860
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5,752
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Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Tim Kaminski Why not first just try submitting an offer with a contingency that the the unit be vacant upon sale?  If the seller really needs to sell and you are presenting a viable offer they may do what they need to do to get the deal done.

  • Michael Noto

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