Selling a rental property in Philadelphia
Done being a landlord?
We buy rental properties as-is, tenants, repairs, deferred maintenance and all, so you can walk away cleanly without turning the unit or waiting out a lease to list.
No obligationNo pressureStart in 60 seconds
No repairs or cleanup, we buy as-is
No commissions or fees from us
We pay your closing costs
You pick the closing date
Can you sell a rental in Philadelphia with tenants still in it?
Yes. We buy occupied rentals and you do not need to remove anyone first. Tell us the lease terms and whether rent is current, and we work around the tenancy. You are not responsible for emptying the house or ending a lease to sell to us.
Do I need to give my tenants notice before selling?
That depends on the lease and on Philadelphia's rules, so it is worth a word with your own advisor. What we can tell you is that selling to us does not require the house to be empty. We take it with the tenancy in place.
My tenant has a lease running. Do I have to end it?
No, and you should not try to. The lease comes across with the house exactly as it stands. Nobody gets a notice, nobody has to leave, and the tenancy continues under us. Send us the lease and the rent position early so closing gets built around it.
My tenant has stopped paying. Can I still sell?
Yes, and it is one of the more common reasons landlords call. Arrears do not stop a sale and you do not need to resolve them first. Tell us where things stand honestly and we will factor it in rather than being surprised by it later.
Do I have to tell my tenant the house is being sold?
At some point yes, and we would rather it came from you than from a stranger at the door. We will not turn up unannounced or contact them behind your back. Tell us how you want it handled and we will follow that.
The property is a multi-unit. Does that work the same way?
Mostly the same, with more paperwork attached. Each unit has its own tenancy and rent position, and we would rather have all of it up front than collect it in pieces over three phone calls. Duplexes and triplexes are ordinary here, not a complication we shy away from.
I am tired of being a landlord. Is that a good enough reason?
It is the reason most people give us, and it is a real one. Nobody needs a crisis to justify selling. Wanting the phone to stop ringing at eleven at night is enough, and you will not be asked to make a better case for it.
What happens to the security deposit?
It transfers as part of the sale so the tenant's position is protected. You do not need to return it and then have us collect it again. Tell us what is held and for which unit, and it gets handled in the closing paperwork.
The tenant is family. Does that make it awkward?
It happens more than you would think and it does not stop anything. The lease still carries over and nobody is asked to leave. If the arrangement is informal rather than written down, say so early, because that is the part that needs sorting rather than the relationship.
Can I sell one property and keep the others?
Yes. There is no requirement to bring the whole portfolio or none of it. Plenty of landlords sell the one that has become a problem and carry on with the rest. Tell us which address and we will keep it to that one.
Here's what happens when you reach out.
Tell us about the house
Share the address, call, or text. A few quick questions, you're not signing up for anything.
Talk to someone on our team
We look at the house and comparable sales, then walk you through a clear cash offer, usually within 24 hours.
Close when you're ready
If you like it, you choose the date, in many cases in as little as 14 days once title is clear.
