Selling a property with tenants paid for by the state

I inherited a motel from my grandmother when she passed. The motel rooms had all been converted to efficiency apartments. There were tons of tenants in the rooms that were put up by the state. They had mental and drug problems. They were loud, angry, and scary people. I really don’t know how my grandmother stood being around them. The paperwork involved with those tenants was insane too. The state never seemed to pay on time. You had to file a bunch of claims, follow up calls, and hound people for money. Then if any damage happened, you were dealing with more calls and paperwork. I hated to evict people that were good there and paying money. I didn’t know if anyone would want to live in an apartment that small either. It seemed like a lot of work no matter what. I then decided that I just wanted to sell. I found a Florida real estate buyer that does cash deals. I explained the situation. I was selling a commercial property with tenants. The tenants all had special paperwork and money orders around them. Other than that, the place was good. The cash property buyer was amazing about it. They considered it a win that the place was rented and had steady money. I think they will regret the work that comes with it. I am glad that I don’t have the stress or the fear anymore. I have never been so glad to get rid of something. I now have quite a bit of cash from that smoking deal.

 

 

cash for old houses