How to Sell a Los Angeles Rental Property When Tenants Refuse to Pay Rent

Tired of dealing with tenants who refuse to pay rent?

The COVID-19 restrictions that allowed your Los Angeles and Southern California tenants to skip paying rent have expired, but many tenants still don’t pay rent. A large portion of those who fell behind during the pandemic—approximately 60% of the estimated 90,000 residents in arrears as of February 2024—remain unable to catch up.

If you're a landlord in Los Angeles facing the frustrating situation of non-paying tenants, you're not alone. Many property owners find themselves in this predicament, dealing with the stress and financial burden of unpaid rent.

Why Selling Your Property is a Smart Move

Eviction proceedings in California can be lengthy and complex. With tenant protection laws in place, the process can take months, leaving you with unpaid rent and potential property damage.Instead, consider selling your property to a cash buyer. Many landlords in Los Angeles are unaware that selling while tenants occupy the property is possible. This strategic move can provide a quick solution and help you recoup your investment.

Why Selling for Cash is a Better Solution

• Fast and Hassle-Free: Avoid the time-consuming eviction process and sell your property quickly.

• No Repairs Needed: Sell your property "as-is", without the need for costly repairs or renovations.

• Guaranteed Sale: Receive a guaranteed offer, regardless of the property's condition.

• Financial Relief: Quickly obtain cash to pay off debts or invest in other opportunities.

Why Choose Beverly Buyers?

Beverly Buyers is a reputable cash home buyer specializing in helping landlords in Los Angeles, like you. We understand the challenges of dealing with non-paying tenants and offer a streamlined solution.

Here's how we can help:

• Quick and Fair Offers: Receive a competitive cash offer within 24 hours.

• As-Is Purchases: We buy properties in any condition, even those with damage or tenant issues.

• Flexible Closing Dates: Choose a closing date that works best for you.

• No Hidden Fees: Transparent pricing and no hidden costs.

• Hassle-Free Process: We handle all the paperwork and legal proceedings.

Frequently Asked Questions

1. How is the offer calculated?

We consider several key factors similar to an appraiser, including:

• Current market conditions

• Neighborhood comparables

• The property's condition

We buy properties of any condition—whether a house, condo, or duplex. We factor in the condition of the property in our offer, understanding that non-paying tenants may not have maintained it well.

3. How quickly can the sale be completed?

We can complete the sale within two to three weeks, allowing you to pay off your mortgage before your next payment is due. We eliminate time-consuming appraisals and inspections, ensuring a smooth settlement.

Don't Let Non-Paying Tenants Drain Your Finances

Take control of your situation and sell your Los Angeles rental property today. Contact Beverly Buyers to learn more about our fast and efficient process.

Call us at (310) 242-0008 or visit our website to get started.

Let us help you reclaim your peace of mind and financial stability.