Selling a rental in the Twin Ports with tenants still in it
You do not have to evict anyone or wait out a lease. What a tenant-occupied sale looks like in Duluth and Superior.
The lease comes with the house
In Minnesota and Wisconsin a lease survives a sale. The new owner steps into it. That is not a problem to solve, it is simply how it works, and it means you do not need the unit empty to sell.
Telling a tenant to leave so you can list is usually the worst move available. You lose rent, you risk the place sitting empty, and you have a difficult conversation for no reason.
Why a listing makes this hard
A traditional sale needs showings, and showings need tenant cooperation. Most buyers on the open market want to move in themselves, which means your tenant has to go before closing.
A buyer who wants the property as an investment does not need any of that. We have bought occupied duplexes without the seller having to raise it with their tenant at all.
What to have ready
The lease, the rent roll, the deposit amount and where it is held, and any recent repair history. That is genuinely most of it.
Security deposits transfer to the new owner at closing and get credited to you. Nothing comes out of your pocket.
Wondering what we would pay for yours?
Tell us where the house is. It costs nothing and you are never obligated to take the number.
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