Being a landlord can wear you down. Late rent, repair calls, turnover, and the occasional tenant who does not take care of the place. If you are ready to be done, you can sell your rental house even with tenants still living in it.
We are landlords too, so we understand both sides. Honest Homebuyer Dayton buys rental houses for cash, as-is, with the tenants in place. No repairs, no showings that disrupt your tenants, and no waiting for a lease to end.
Can you sell a house with tenants in it?
Yes. In general, a sale does not cancel an existing lease. The new owner usually takes over the lease, and the tenants’ security deposits are handled at closing so they move to the new owner. Every lease is different, so read yours closely and talk to a local real estate attorney if anything is unclear.
Your options as a landlord
- Wait for the lease to end, then list it. Often the most money if the house is in good shape, but you carry it while it sits empty and get it market-ready.
- List it with the tenants still in place. Possible, but showings can be hard to schedule, and many buyers who want to live there will not wait out a lease.
- Offer it to your tenant first. Sometimes a tenant wants to buy. It is worth asking.
- Sell to an investor as-is, tenants included. The fastest and simplest option. You skip repairs and vacancy, and the tenants keep their home.
We will walk through these with you and tell you which makes the most sense for your numbers, even if that means we are not your buyer.
Tips if you are selling a rental with tenants
- Give proper notice before any visit. Ohio law requires landlords to give tenants reasonable notice before entering, and 24 hours is generally considered reasonable.
- Gather your paperwork. Leases, rent amounts, security deposit records, and any repair history make the sale go faster.
- Talk to your tenants honestly. Letting them know what is happening, and that their lease will be honored, keeps things calm and cooperative.
- Know your rent roll. Investors look at current rent and expenses, so having those numbers ready helps you get a fair offer.
We buy rentals in any situation
Behind-on-rent tenants, a house that needs work, a duplex or small multi-family, an empty unit you are tired of carrying, or a long-term tenant you want treated right. We look at it as-is and give you a straight answer.
How it works
- 1. Call, text, or fill out the form. Tell us about the property, the rent, and the lease.
- 2. We set up a walkthrough with plenty of notice for your tenants. Then we make you an offer and explain how we got there.
- 3. Close at a local title company on your timeline. Leases and deposits are handled at closing, and you get paid.
Areas we serve
We buy rental houses and small multi-family properties in Dayton, Kettering, Huber Heights, Trotwood, West Carrollton, Miamisburg, Germantown, Centerville, Beavercreek, Springboro, Franklin, Middletown, and the surrounding areas.
Ready to be done being a landlord? Call or text Darren at 513-601-9176, or fill out the form above. No pressure, and no cost to talk.