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Updated about 4 years ago on . Most recent reply

User Stats

126
Posts
74
Votes
Harman N.
  • Rental Property Investor
  • San Francisco, CA
74
Votes |
126
Posts

Getting an occupied property vacant for a flip

Harman N.
  • Rental Property Investor
  • San Francisco, CA
Posted

Hi all,

I'm wondering how to get an occupied property vacant before a flip, especially if you're out of state? For a BRRRR I can use my property manager since he'd be managing it post-rehab, but for a flip the PM wouldn't have any incentive.

- Harman

Most Popular Reply

User Stats

25
Posts
8
Votes
Chase Farley
  • Stowe, VT
8
Votes |
25
Posts
Chase Farley
  • Stowe, VT
Replied

@Harman N.

In normal times, you would just purchase the property and ask the sellers to inform the tenants to have it empty. If you already purchased the property then you provided them with a notice. Make sure you check the landlord laws of the area for a timeline.

Unfortunately, what you can run into due to the pandemic, is tenants that refuse to move out. The eviction moratorium will most likely be extended, and the state or city you are purchasing in could have a longer extension than national moratorium.

Having an extended eviction process will ruin your flip timeline, and cost you money.

Good luck!

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