The Reyes family inherited their uncle's Kalamazoo rental property through probate. The two-unit property had one non-paying tenant (4 months behind) and one month-to-month tenant. The heirs had no experience as landlords and didn't want to become landlords — but they also couldn't easily evict before selling due to probate timelines.
Evicting tenants in Michigan takes 2-4 months minimum — longer than the probate timeline allowed for a fast resolution. Listing a tenant-occupied property with a non-paying tenant is extremely difficult in the MLS market. Traditional buyers couldn't finance a property in this situation.
7 Lakes Properties offered $132,000 for the property with both tenants in place. We assumed all landlord obligations at closing. No eviction was required before close. The personal representative signed a purchase agreement contingent on Letters of Authority from the Kalamazoo County probate court.
Letters of Authority issued on day 32. Closed on day 38. The Reyes family received their proportional share of the estate proceeds without the delay and expense of an eviction. 7 Lakes Properties initiated eviction proceedings on the non-paying tenant the day after closing.
"We didn't want to be landlords. 7 Lakes Properties let us be done with it. The whole thing was handled with zero drama."— Reyes Family, Kalamazoo MI
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