BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Raising rents on a new quad-Plex, how can the tenants be evicted?
Summary: we’re looking at buying a quad-plex with existing tenants. We need to raise rents for a decent return, and for that the tenants need to be evicted. What is a legal way in going about this?
There’s a quad Plex were looking at that currently has tenants renting below market. For the purchase to make sense, we would need to have those rents raised more than 10%, above California’s 5%-plus-inflation limit. Our thought (and the most preferable) is to buy the property without the tenancy agreements. We’re uncertain if this is allowed under California code, and I like to ask for clarity.
The issue with this solution though, is that the sellers would rather have them attached, in which case we’ll need to deal with evictions. The state is renter friendly, and the options for evicting must either be if family is moving in, if the agreement is broken, or to substantially remodel a unit (to raise rents). What would be options, then, to evict in order to of raise rents?