Landlord Wants To Sell Leased House

[DataAgent]

Most owners will not pay any ‘cash for keys’ amount. They want someone in their property paying rent while they sell the property.

[SD Realtor]

Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.

[SD Realtor]

Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.

[SD Realtor]

Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.

[SD Realtor]

Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.

[SD Realtor]

Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.

[DataAgent]

[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]

I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.

Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.

[DataAgent]

[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]

I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.

Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.

[DataAgent]

[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]

I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.

Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.

[DataAgent]

[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]

I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.

Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.

[DataAgent]

[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]

I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.

Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.

[SD Realtor]

Agreed every situation is different. The original landlords are usually never inclined to skip rent so yes they keep people in. However I took from the op that he was more concerned that the new landlord is going to flip the home. Thus if indeed the new landlord was going to flip the home I think he would offer cash for keys.

Also even with trustee sales, actually tenant/squatters are OBLIGATED to pay rent under the lease terms or else evictions can start immediately. However if they do pay the rent then the landlords hands are tied.

[SD Realtor]

Agreed every situation is different. The original landlords are usually never inclined to skip rent so yes they keep people in. However I took from the op that he was more concerned that the new landlord is going to flip the home. Thus if indeed the new landlord was going to flip the home I think he would offer cash for keys.

Also even with trustee sales, actually tenant/squatters are OBLIGATED to pay rent under the lease terms or else evictions can start immediately. However if they do pay the rent then the landlords hands are tied.

[SD Realtor]

Agreed every situation is different. The original landlords are usually never inclined to skip rent so yes they keep people in. However I took from the op that he was more concerned that the new landlord is going to flip the home. Thus if indeed the new landlord was going to flip the home I think he would offer cash for keys.

Also even with trustee sales, actually tenant/squatters are OBLIGATED to pay rent under the lease terms or else evictions can start immediately. However if they do pay the rent then the landlords hands are tied.

[SD Realtor]

Agreed every situation is different. The original landlords are usually never inclined to skip rent so yes they keep people in. However I took from the op that he was more concerned that the new landlord is going to flip the home. Thus if indeed the new landlord was going to flip the home I think he would offer cash for keys.

Also even with trustee sales, actually tenant/squatters are OBLIGATED to pay rent under the lease terms or else evictions can start immediately. However if they do pay the rent then the landlords hands are tied.

[Author]

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