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Rental with tenants

Selling a San Diego rental with tenants still in it

Sell occupied. No notices to serve, no relocation to pay, no vacancy to create.

Short answer

You do not have to empty a rental to sell it. We buy tenant-occupied houses, condos and 2–4 unit buildings across San Diego County subject to the existing leases, which means no notices to serve, no relocation assistance to pay, and no months of lost rent creating a vacancy you do not want.

  • Vacancy requiredNo — we buy fully occupied
  • Notices you must serveNone
  • Relocation assistanceNot your cost — we take the tenancies as they are
  • Under-market rentsPriced into the offer, not a reason to decline
  • What we need from youRent roll, leases, deposit ledger

Why "deliver it vacant" is worse advice than it sounds

Most agents will tell you an occupied property sells for less, and in isolation that is true. What that advice usually leaves out is the cost of getting to vacant. Between California's statewide just-cause rules and San Diego's own tenant protection ordinance, ending a tenancy without fault generally requires proper notice and relocation assistance measured in months of rent — and if the tenant does not go voluntarily, an unlawful detainer takes time and legal fees on top.

Run that math honestly and the vacancy premium often disappears entirely. Meanwhile you are carrying the mortgage, the taxes and the insurance on an empty building for months, and taking on the risk that the market shifts underneath you while you wait.

What we actually need to price it

Send us the rent roll, copies of the leases, the security deposit ledger and a note on anything unusual — a Section 8 HAP contract, a tenant who has not paid since spring, a handshake arrangement with no written lease, an existing repair dispute. None of those disqualify a property. All of them affect the number, and we would much rather know on day one than discover it in escrow.

Deposits transfer through escrow as a credit, so you are not out of pocket for them. Prorated rent is handled the same way.

Your tenants are treated decently

We hold rentals in this county and we intend to keep doing business here, so we do not buy occupied buildings in order to make life unpleasant for the people in them. Tenants get written notice of the change in ownership and where to send rent, their deposits are honored, and their leases are honored. You are not handing your tenants to someone who is going to make them a project.

Common questions

Do I need to give my tenants notice before selling?
You need to provide proper notice for any entry to show the property, and after closing the tenants must be notified of the new owner and where to pay rent. You do not need to terminate anyone's tenancy for us to buy.
My tenant has not paid rent in months. Will you still buy?
Yes. A non-paying tenant reduces what the building is worth to us but does not stop the purchase, and it means you can stop absorbing the loss. Tell us the arrears up front.
Do you buy properties with Section 8 tenants?
Yes. A housing authority contract is a stable payment source and is not an obstacle for us.
What happens to the security deposits?
They transfer to us through escrow as a credit against the purchase price, and we assume the obligation to return them. You do not need to refund them at closing.

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