Landlords
Done being a landlord
We buy occupied, including with a tenant who has not paid since spring.
We buy with tenants in place
This is the part most retail buyers cannot handle. A financed owner-occupant needs the unit vacant, which means you have to evict or wait out a lease before you can even list. We do not. We take the property with whoever is in it and manage the relationship from closing forward.
Send us whatever you have — lease, ledger, deposit records — and if the paperwork is a mess, that is fine too. We have bought units where the "lease" was a text message.
The situations we see in this metro
- Norman student rentals. Annual turnover, August churn, and wear that compounds every year. Owners who bought near campus a decade ago are frequently done with the cycle.
- Non-paying tenants. Months behind, and the eviction math does not favor you: filing costs, lost rent during the process, and a unit that is often worse afterward.
- Inherited rentals. A parent's rental that came with the estate and a set of responsibilities the heirs never signed up for.
- Out-of-state owners. Bought during a run-up, managing from a distance, discovering property management fees have eaten the return.
- Section 8 units. Inspections that keep failing on items you have already fixed twice.
What it saves you
Skipping an eviction is usually the biggest one. But there is also no turnover make-ready, no vacancy while it sits on market, no showings scheduled around a tenant who does not want to cooperate, and no coordinating access with someone who has no reason to help you sell.
Portfolio exits
If you are getting out of several properties, send the whole list. Pricing a portfolio together is usually better for you than selling them one at a time, and we can stagger closings so the tax picture works. Talk to your CPA about that piece — we are not advisors and the sequencing can matter.
Related: the Norman rental market specifically and what as-is covers on a beat-up unit.
Questions we get asked
- Do I have to evict before selling?
- No, and we would usually rather you did not. An eviction takes time and money and often leaves the unit in worse shape. We buy occupied and take on the tenant relationship.
- What about the security deposit?
- It transfers at closing and the title company accounts for it in the settlement statement, along with prorated rent. Standard practice, nothing unusual.
- Will you buy a whole portfolio?
- Yes. If you are exiting several rentals, send the full address list and we will price them together rather than one at a time.
Tell us about the rental
Start with the address. On the next step you can note occupancy and lease status so we price it accordingly.