You do not need to evict anyone, finish a lease, or renovate a unit to sell a rental. We buy metro Detroit rental houses with tenants in place, good ones and difficult ones, and take over the landlord job the day we close.
Behind on rent, ignoring the lease, or refusing access for showings. These are the exact situations that make a rental impossible to list, because traditional buyers need interior showings and a clean rent roll. We do not. We have bought houses where the tenant situation was the whole reason for selling, and we price around it rather than running from it.
After closing, the tenant relationship, the lease, and any collection or eviction decisions become ours, handled lawfully through the district court process when it comes to that. You are simply out.
Listing an occupied rental means asking a tenant to keep the place showing ready for strangers, which strains even good relationships and torpedoes bad ones. Our process is one walkthrough, scheduled with proper notice, and then a written offer. Many landlords sell to us without the tenant ever feeling a disruption.
A tired rental usually needs a turnover to hit top dollar: paint, flooring, maybe a kitchen, plus a vacant month or three of lost rent while the work and the listing happen. Add commissions and concessions and the spread between our cash price and a listed price gets thin. We will lay out both paths honestly, ours and the listing route, and some landlords do choose to list. The ones who sell to us are buying certainty and their time back.
If you are winding down a portfolio, we can look at all of it in one conversation, including packages of houses in different cities, and close on the properties together or in stages as leases and your tax planning dictate. Ask about a 1031 exchange timeline if you are rolling proceeds into something else. We will work to your calendar.
Yes. Back rent, lease violations, and stalled evictions do not stop a sale to us. We buy the house subject to the occupancy as it stands, and dealing with the tenant afterward, lawfully and through the proper court process, is our responsibility, not yours.
Yes. In Michigan a sale does not terminate a lease, and the tenant’s security deposit and lease terms transfer to the new owner at closing. The title company documents it, and your obligations end there.
You need to provide proper notice for the one walkthrough we do, per your lease and Michigan entry notice rules. Beyond that, when and how to tell your tenant is your call. Many sellers wait until closing is scheduled, and we can coordinate the introduction so the handoff is calm.
Tell us about the house and we will call with a cash offer, usually within 24 hours. No fees, no repairs, no obligation.
Prefer to talk first? Call (248) 238-8315