Florida Rental Property Guidance · Free & No Obligation
Done Being a Landlord? Sell Your Rental — Tenants and All.
Bad tenants, late rent, endless repairs, or just a property that's become more trouble than it's worth — we buy rental properties as-is, with or without tenants in place.
Talk About My Rental Property
Tell us a little about the property. We'll follow up personally.
Sound Familiar?
The Landlord Headaches We Hear About Most
Every landlord's situation is different, but these are the most common reasons owners reach out.
Late or Missed Rent
Very CommonConstant Repairs
Very CommonEviction Process
CommonVacancy Periods
CommonOut-Of-State Ownership
CommonProperty Management Fees
FrequentMidnight Maintenance Calls
FrequentInherited Rental
OccasionalA Quick Gut Check
Is It Time to Sell Your Rental?
If several of these feel true, you're not alone — and selling may be worth considering.
- You dread seeing your tenant's name pop up on your phone
- Rent is late more months than it's on time
- Repairs keep piling up faster than you can budget for them
- You live far away and can't easily check on the property
- You're paying a property manager just to avoid dealing with it yourself
- You inherited the property and never wanted to be a landlord
- The idea of another vacancy makes you want to sell on the spot
There's no shame in being done. Plenty of landlords reach this exact point.
Any Rental Situation
We Buy Rentals in Every Condition and Circumstance
Tenant-Occupied
Sell with a lease and tenants still in place.
Non-Paying Tenants
We evaluate the property based on the current situation.
Mid-Eviction
Tell us where the process stands and we'll talk through options.
Vacant Rental
No tenants to coordinate around — often the simplest scenario.
Needs Repairs
Deferred maintenance and tenant wear-and-tear are expected.
Inherited Rental
A rental you didn't plan to manage.
Small Multifamily
Duplexes, triplexes, and small multi-unit properties.
Out-Of-State Owned
We coordinate remotely, including document signing.
Let's Clear These Up
Common Landlord Myths
"I can't sell with tenants living there."
Many rental properties are sold with tenants in place — it's often simpler than you'd expect.
"I have to evict first."
Depending on the situation, a sale can sometimes move forward without a completed eviction.
"The property has to be in good shape to sell."
We evaluate rentals in their current, as-is condition — deferred maintenance included.
"Selling one property hurts my whole portfolio."
Selling a single rental is common and doesn't require touching the rest of your holdings.
"I'll owe a huge unexpected tax bill."
Tax outcomes vary and can sometimes be planned around with strategies like a 1031 exchange — a tax professional can walk you through your specific numbers.
"Out-of-state owners can't sell easily."
We regularly work with out-of-state and out-of-country owners and can coordinate the process remotely.
What You Gain
Benefits of Selling Your Rental Directly
No More Tenant Calls
The maintenance requests and late-night calls become someone else's concern.
No Repairs Required
Sell the property as it sits, without spending on updates first.
No Ongoing Carrying Costs
Stop paying the mortgage, insurance, taxes, and HOA on a property you no longer want.
No Property Manager Fees
Free yourself from the ongoing percentage-based fees of professional management.
Simplify Your Portfolio
Focus your time and capital on the properties that still make sense for you.
A Straightforward Process
One evaluation, one offer, and a closing timeline that works for you.
Simple Steps
How Selling Your Rental Works
Tell Us About the Property
Share the address, tenant status, and what's going on with the rental.
We Review the Details
We factor in condition, lease terms, and any tenant situation.
Receive Your Offer
Get a fair cash offer or tell us the price you have in mind.
Coordinate Tenant Details
We work out how existing tenants and leases factor into closing.
Close and Move On
Choose a closing timeline that works, and step away from the property.
Side by Side
Selling vs. Continuing to Rent It Out
This is a general comparison. Whether selling or keeping the property makes more sense depends on your goals, market conditions, and finances.
Handle With Care
A Note About Taxes
Selling a rental property may involve capital gains, depreciation recapture, or other tax considerations depending on your basis, ownership period, and overall situation. Some owners explore a 1031 exchange to defer taxes when reinvesting. We are not tax advisors — we strongly recommend speaking with a qualified tax professional about your specific numbers before selling.
Tenants Stay, Paperwork Moves
Selling With an Active Lease
An active lease doesn't have to complicate a sale. Here's generally what's involved.
- The lease generally transfers with the property, subject to Florida law and its own terms
- We typically request a copy of the current lease and any addenda
- A rent roll and security deposit information help us evaluate and coordinate the sale
- Move-in inspection records, if available, can help clarify the property's condition
- Tenant communication about the sale is generally coordinated between you, us, and the title company, as appropriate
We can help organize this information, but lease terms and tenant notice requirements are matters of Florida law — for anything specific to your lease, we recommend a quick review with an attorney.
Our Role
What Buddy Home Buyer Does For You
We can help explain the property-sale options, evaluate the home, organize basic property and lease information, and coordinate with the licensed professionals and other parties involved, as appropriate.
- Evaluate the property in its current condition, tenants and all
- Explain, in general terms, how tenant occupancy may factor into a sale
- Help organize lease, rent roll, and closing information, and coordinate with your property manager if one is involved
- Keep the process moving without requiring repairs or showings
- Work with you on a closing timeline that fits your situation
- Answer your questions in plain language, every step of the way
Buddy Home Buyer is not a law firm, property management company, eviction service, or tax advisor. We do not provide legal or tax advice, handle eviction proceedings, or instruct tenants. We recommend involving a licensed attorney or tax professional for advice specific to your situation.
Why Landlords Talk to Us
You Don't Have to Manage This Alone
Common Questions
Tired Landlord Frequently Asked Questions
Tenants & Occupancy
Can I sell my rental property while tenants are living there?
Yes. Many rental properties are sold with tenants in place. We evaluate properties with existing leases and can factor tenants into the offer and closing timeline.
Do I have to evict my tenants before selling?
Not necessarily. Depending on the buyer and lease terms, a property can often be sold with tenants remaining in place.
What if my tenants aren't paying rent?
Non-paying tenants are one of the most common reasons landlords reach out to us. Tell us about the situation and we'll evaluate the property accordingly.
Can I sell a property that needs an eviction?
In many cases, yes, though the specifics depend on where the eviction process stands. We can talk through your options once we understand the details.
Do I have to give my tenants notice if I sell?
Notice requirements depend on your lease terms and Florida law. We recommend reviewing your lease and, if needed, speaking with an attorney.
What happens to the security deposit when I sell?
Security deposits are typically addressed as part of closing, often transferring to the new owner or handled according to the lease and Florida law.
What if my tenant is causing property damage?
Tenant-caused damage is something we factor into evaluating the property's current condition — it doesn't disqualify the property.
What if my tenants have a long-term lease?
An active long-term lease doesn't prevent a sale — it's simply a factor we consider and disclose as part of the transaction.
Can I sell a rental with squatters?
This is a more complex situation that depends on the specific facts and Florida law. We recommend consulting an attorney about your options.
Can I sell a Section 8 rental property?
Yes, properties with Section 8 tenants can be sold. We can discuss how the existing housing assistance arrangement factors into the sale.
How does selling work if there's an active lease on the property?
The lease generally stays in place and transfers with the property, subject to Florida law and the terms of the lease itself. At closing, we typically request a copy of the lease, rent roll, and security deposit information so this can be handled correctly between the parties.
What property information will I need to provide at closing if there's a tenant in place?
Common items include a copy of the current lease, rent roll, security deposit amount, and any move-in inspection records. We'll let you know exactly what's needed once we understand your situation.
Property & Ownership
Do I need to fix up the rental before selling?
No. We evaluate rental properties in their current, as-is condition, including normal wear and tear or deferred maintenance.
I live out of state — can I still sell my Florida rental?
Yes. Many of our sellers are out-of-state or out-of-country owners. We can coordinate the process remotely, including document signing.
What if I inherited a rental property?
Inherited rentals are common. We can walk you through your options alongside anything specific to inherited property, like title considerations.
Can I sell a duplex, triplex, or small multifamily property?
Yes. We consider small multifamily properties in addition to single-family rentals.
What if the property has code violations?
Code violations are something we factor into our evaluation. Selling directly can sometimes be simpler than resolving violations before a traditional listing.
What if my property manager is involved?
We can coordinate with your property manager on details like access, lease information, and tenant communication if helpful to you.
Can I sell just one rental out of a portfolio?
Yes. We regularly work with landlords who want to sell one or two properties while keeping the rest of their portfolio.
Money & Taxes
Will I owe capital gains tax on the sale?
Possibly, depending on your basis in the property, ownership period, and overall tax situation. We recommend speaking with a tax professional, since we don't provide tax advice.
What about depreciation recapture?
If you've claimed depreciation on the property, a sale may trigger depreciation recapture, which has its own tax treatment. A tax professional can explain how this applies to you.
Can I do a 1031 exchange when I sell?
Some investors use a 1031 exchange to defer taxes when reinvesting proceeds. This involves specific rules and deadlines, so we recommend discussing it with a qualified intermediary or tax advisor first.
What if there's still a mortgage on the rental?
That's common. The existing loan balance is typically paid off from sale proceeds at closing, similar to selling a primary residence.
Do I still have to pay HOA fees while the sale is pending?
Typically, yes, until closing. HOA dues and prorations are usually addressed as part of the closing statement.
What if I'm behind on property taxes on the rental?
Outstanding property taxes are common and are typically resolved from sale proceeds at closing, similar to a mortgage payoff.
Is selling better than hiring a property manager?
It depends on your goals. A property manager reduces day-to-day involvement but comes with ongoing fees. Selling removes the property and its obligations entirely.
Working With Buddy Home Buyer
How is a rental property valued differently than a primary residence?
Rental properties are often evaluated with additional factors in mind, such as current lease terms, rental income, tenant history, and deferred maintenance.
How long does it take to sell a rental property directly?
Closing timelines depend on the property, title, and the details of the transaction, including tenant occupancy. We'll work with you on a timeline that fits.
Will selling affect my other rental properties?
Selling one property generally doesn't affect your other holdings directly, though it may affect your overall tax picture for the year.
Do you buy rental properties statewide?
Yes. While many of the areas we feature are in South Florida, we consider rental properties throughout Florida.
Does Buddy Home Buyer charge landlords for a consultation?
No. There's never a charge to talk through your rental property situation with us.
What's the first step to sell my rental?
Reach out with the property address and a bit about the situation — tenant status, condition, and your goals — and we'll walk you through what's possible.
Ready When You Are
Ready to Hand Over the Keys — For Good?
Tell us about your rental property and let's see if selling directly makes sense for you. No pressure, no obligation.
Talk About My Rental Property
We'll follow up personally, usually within one business day.
Prefer to talk it through first? Call us directly.
Call 786-385-1325Ask for Erick · Buddyhomebuyer@gmail.com
Important Disclosure
Buddy Home Buyer LLC is not a law firm, tax advisor, property management company, or government agency. The information on this page is general and educational — it is not legal, tax, or financial advice, and should not be relied on as a substitute for advice from a licensed attorney or tax professional. Sale terms, tenant arrangements, and tax outcomes depend on your specific situation and are never guaranteed.