Tired landlord in Portsmouth? Non-paying tenant? Squatters in your Virginia rental? Cash4HousesNow buys occupied properties — you don't have to evict first. We close, the tenant becomes our problem, you cash out and never deal with them again.
Bad tenants in Portsmouth, Virginia can drain your savings and your sanity. Virginia landlord-tenant law sets specific procedures for eviction that can take weeks or months even when tenants violate lease terms. Cash4HousesNow buys rental properties with tenants in place — including non-paying tenants, holdover tenants, and squatters. You don't have to wait for eviction to complete. We take the property as-is and handle the tenant situation post-closing.
No obligation. We close at a Independent County title company.
Call (555) 555-CASHYes. We routinely buy Portsmouth, Virginia rentals with tenants who haven't paid in months. The Virginia eviction process can take 30-90 days or longer, costing you in lost rent and legal fees. Selling to us cuts that loss — you transfer the property and the tenant problem to us at closing. We absorb the eviction time, you walk with cash.
Squatter situations in Portsmouth, Virginia are some of the hardest to resolve as an owner. Virginia squatter laws vary, and removing them can take months in court. Cash4HousesNow buys properties with squatters in place — we have the resources, attorneys, and patience to handle the removal. Your offer reflects the squatter complication, but we will close.
Yes. We can close with an eviction in progress in Virginia. The lawsuit transfers to us as the new owner — your attorney can substitute Cash4HousesNow as plaintiff, or we file fresh. Either way, the eviction continues without interruption while you walk away from the entire situation. Many Portsmouth landlords prefer this to seeing the eviction through.
Virginia requires security deposits to transfer to the new owner at closing. We accept that transfer and assume the lease obligations. Portsmouth tenants with valid leases continue under the same terms post-sale — that's both Virginia law and federal law (PTFA). At lease expiration, we decide whether to renew, sell, or leave vacant.
The math depends on your time horizon. Evict-then-sell in Portsmouth averages 60-120 days plus $2,000-$5,000 in attorney/court costs plus continued lost rent. Sell-with-tenants is typically 7-14 days but reduces our offer by roughly the cost of completing the eviction ourselves. Most tired landlords come out similar net, with months less stress.
Yes — we want full disclosure. Lease terms, payment history, prior eviction filings, security deposits, complaints, anything ongoing. Hiding tenant issues to inflate offer creates problems at closing. We discount for the situation upfront based on full information. Virginia also has seller disclosure requirements that we need accurate information to satisfy.