Selling a home in Chicago can be a complex process, but when you have tenants occupying the property, it adds another layer of complexity. At The Schneider Group, we understand the challenges of selling tenant-occupied properties and offer an easy, straightforward solution. As a real estate investment company, we buy homes directly from landlords, even if the property has tenants. Here’s what you need to know about selling your tenant-occupied property to The Schneider Group.
No Need to Wait for Lease Expirations
One of the main challenges of selling a tenant-occupied property is dealing with lease agreements. In Chicago, tenants have rights, especially under the city’s Residential Landlord and Tenant Ordinance (RLTO), which protects them from early lease terminations. If you want to sell your property but your tenants are locked into a fixed-term lease, you might feel stuck waiting for the lease to expire.
However, when you sell to The Schneider Group, you don’t have to wait. We buy homes with tenants in place, so you can sell your property on your timeline, regardless of the lease terms.
No Eviction or Cash for Keys Required
Many landlords consider offering tenants a “cash for keys” arrangement, where they pay tenants to vacate early. While this can sometimes work, it can also be stressful, expensive, and uncertain. Plus, eviction is rarely a good option in Chicago, where tenant protections are strong.
The good news is that The Schneider Group buys properties with tenants still living in them, which means you don’t have to deal with eviction processes or pay tenants to leave. We take over the lease agreements and handle everything with the tenants after the sale.
Flexible and Fast Sales Process
One of the benefits of selling your tenant-occupied property to The Schneider Group is how quickly we can close the deal. We’re cash buyers, meaning we don’t rely on traditional financing that can delay the sale. Whether your tenants are on a month-to-month lease or have a long-term agreement, we’ll work with you to make the process as smooth as possible.
You can get your property sold in as little as a few weeks, freeing you from the responsibilities of being a landlord and allowing you to move on to your next investment or financial goal.
Sell Without Repairs or Upgrades
Tenant-occupied homes often need repairs or upgrades, especially if you’ve been renting the property out for several years. Many buyers might ask for repairs or expect the property to be in perfect condition before closing the deal. But when you sell to The Schneider Group, we buy your property as-is. That means no repairs, no upgrades, and no cleaning are necessary. We’ll handle any needed work after the sale.
A Simple Solution for Busy Landlords
Selling a property with tenants can be a headache for busy landlords who don’t have the time or energy to navigate lease agreements, repairs, and open houses. With The Schneider Group, you can avoid the hassle of listing your property, dealing with real estate agents, and waiting for the right buyer to come along.
We specialize in buying rental properties and have experience handling all the details, from lease transfers to tenant communications. This makes selling your tenant-occupied home easy and stress-free.
Why Choose The Schneider Group?
At The Schneider Group, we focus on helping landlords and property owners in Chicago sell their homes quickly and easily. Whether you have problem tenants or just want to sell without the usual headaches, we can offer a solution that works for you. Our goal is to provide a fair cash offer and close on your timeline.
Final Thoughts
If you’re a landlord in Chicago and you’re thinking about selling your tenant-occupied property, The Schneider Group is here to help. We specialize in buying homes with tenants, making the process simple and straightforward. You won’t have to worry about leases, repairs, or waiting for your tenants to move out. Contact us today for a no-obligation cash offer and see how easy it can be to sell your property.
Are you looking to sell a house with tenants in Chicago? The Schneider Group is here to guide you through the process and ensure a smooth experience. We understand the unique challenges involved and can provide tailored solutions to meet your needs. Let’s connect today to get started!
Contact The Schneider Group at 847.347.6288