Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

178
Posts
73
Votes
Wilson Lee
  • Birmingham, AL
73
Votes |
178
Posts

Renter is not wanting me to sell.

Wilson Lee
  • Birmingham, AL
Posted

I am selling a low-end rental. It has been slow, 5 months now. It is a rental neighborhood. Having a lease is a plus. Now there is someone interested in the property and they want to view it.

My renter has been reserved about the process. She has a lease agreement with 7 months remaining. She has one renewal already. She pays on-time, Has good credit (which she values) and has a steady job.

We have offed to pay a small sum for tidying up the place for the viewing. But now she don't want to let people in. She fears the new owner will not let her lease the home,  She fears being kicked out before she finds a new home. She is asking for a month to month lease so she can jump ship before it sales.

I have offered to find a replacement tenant while she looks for a new place. Then we change position all with in a few weeks. She gets to move, I don't lose out on rent.
But she don't want to let people in the house for that also.
She has damaged the floors (last year) which is a $900 repair. So she will not be getting the deposit back.

Today we she called me to ask again for the month to month lease. I can't allow that with my loan and insurance states 1 year leases (long term rental)  She became angery over the phone and said she will do what is right for her family and we will not see a penny.

Also, My state (and lease) allows me to enter with a 48 hour notice to show the property for sale or lease.

What is a solution? How can things go south?

Most Popular Reply

User Stats

312
Posts
349
Votes
Kevin S.
  • Accountant
  • Tulsa, OK
349
Votes |
312
Posts
Kevin S.
  • Accountant
  • Tulsa, OK
Replied

@Wilson Lee You need to stop giving your renter the option, serve her with a 48-hour notice that you'll be entering the property and then do so, she is not in-charge here. As far as her concerns with not being rented to by the new buyer, if she has a lease with you that has 7 months remaining on it then the new buyer has to honor that lease (though he/she can evict her if she is not following the lease rules). I would inform her that you are selling, that you are not switching to a month-to-month, and just sell the place.

Loading replies...