Sell a Rental Property in Utah. Tenants and All
You do not have to evict anyone, repaint anything, or wait for a lease to run out. We buy occupied rentals across Utah, take title with the tenants in place, and handle the transition ourselves. If you are done being a landlord, you can be done in about a week.
Brian and Shawn. You get a callback from one of us, not a call center.
What usually brings people here
Most tired-landlord calls we take sound the same. The property was a good idea fifteen or twenty years ago. Then it became a second job, the 11pm plumbing call, the tenant who stopped paying in month four, the turnover that ate a month of rent and four thousand dollars in paint and carpet. Somewhere along the way the return stopped justifying the aggravation.
Selling on the open market is its own problem, because a retail buyer wants the house empty, clean, and inspected. That means either waiting out a lease or paying a tenant to leave, then funding the make-ready you have been deferring for a decade. In West Valley and Granger we routinely see owners quoted ten to fifteen thousand dollars just to get a rental listable.
And if the tenant is difficult, showings become nearly impossible. A tenant who does not want to move has every incentive to keep the property from showing well, and Utah law gives them possession rights you cannot simply override because you have a listing.
Tenants Can Stay
No eviction, no cash-for-keys, no waiting out a lease. We take title with them in place.
Zero Make-Ready
No paint, no carpet, no landscaping. Skip the ten-to-fifteen-thousand-dollar turn a retail listing would demand.
Multi-Family Welcome
Duplexes, four-plexes, and small apartment buildings. Send the rent roll and we will price it.
Portfolios Too
Selling more than one? We will look at the whole set and can close them together or stagger the dates.
How we handle it
We buy the property subject to the existing tenancy. Whatever the lease says, we inherit it at closing along with the security deposit, and the tenant relationship becomes our problem from that moment on. You do not serve a notice, you do not negotiate a cash-for-keys deal, and you do not manage a move-out.
We do not need the unit made ready. Worn carpet, a kitchen from the Clinton administration, an overgrown yard, damage the last tenant left behind, all of it is priced in, and none of it needs your money first. That make-ready spend you were dreading is the single biggest thing selling to us removes.
For multi-unit properties, send us the rent roll along with the address. Small multifamily near BYU and UVU is a market we know well, and having actual rents in hand lets us get to a real number in the first conversation instead of a range.
Questions we get about tired landlord
Do I need to evict my tenants before selling?
No, and we would rather you did not. Evictions are slow, expensive, and in Utah they create a court record that complicates the file. We buy occupied properties routinely and handle the tenant relationship after closing.
What happens to the security deposit?
It transfers to us at closing, normally as a credit on the settlement statement, and we take on the obligation to account for it under Utah's Fit Premises Act. You will want to give the tenant written notice of the change in ownership and where the deposit now sits; we will help make sure that gets done properly.
My tenant is behind on rent. Does that lower your offer?
Not usually. We are underwriting the property, not the current rent roll's performance. Past-due rent you are owed does not transfer to us, so if you want to pursue it that remains yours to pursue, most owners in this position decide it is not worth the effort and are glad to be out.
Can you buy a duplex or four-plex?
Yes. Small multifamily is a regular purchase for us, particularly the student-rental stock around BYU in Provo and UVU in Orem. Send the address and current rents and we will have a number to you within 24 hours.
I have three rentals I want out of. Can you take all of them?
Very likely. Send the addresses together and we will price them as a group. We can close them all on one date or stagger them across a few months if that works better for your taxes, worth a conversation with your CPA about a 1031 exchange before you decide.
Where we see this most
We buy across all of Utah, but these are the markets where this situation comes up most often.
Dealing with something else?
Get Your Cash Offer
Tell us about the property and your situation. We will be in touch within 24 hours, and if we are not the right answer for you, we will say so.