Bakersfield Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Do I have to Buy Out a Tenant if I want to move in to a 4 unit?
I live in Los Angeles (Actually Santa Monica) with our draconian rules on getting people out of buildings and the high costs of buying them out, just curious how this would effect me in Bakersfield/Kern County.
What's a normal buyout amount? if needed...
Most Popular Reply

Not sure about the rules in your City or State but when we have done cash for keys prior, I always ask the tenant for their number. Typically it is much less than what I would be willing to spend. I would also have them sign some type of lease termination letter (ask you RE attorney).