For landlords
Sell a South Carolina rental house while the tenants still live there.
We buy rental houses across South Carolina in their current condition, whether tenants live there or the house is empty. You skip the make-ready work and the showings, and you choose when to close.
Who sells rentals to us
Owners who are ready to stop managing a rental.
Some of the landlords we hear from have kept the same house rented for years and are ready to stop taking repair calls on weekends. Others ended up with a rental through an inheritance, or bought one whose numbers never worked out.
Inherited the rental from a parent? Read our page on selling an inherited home for the estate questions. When the work goes past paint and flooring, our page on selling a house with major repairs is the one to read.
- The lease ends soon and you would rather not renew it
- Your tenant is behind on rent or has damaged the place
- The house is vacant and needs make-ready work
- You are managing it from out of town
- The mortgage, taxes and repairs cost more than the rent brings in
Leases, deposits and taxes
How a sale affects the lease, the tenant and your tax bill.
Selling the house does not cancel the lease. Below is the general picture for a South Carolina rental, and a South Carolina attorney can answer questions about your specific lease.
The lease carries over
When a South Carolina rental sells, the new owner takes over the existing lease. Before we settle on next steps, we review the lease, the rent and who lives in the house with you.
Deposits go to the new owner
The tenants' security deposits transfer with the house, and the new owner becomes responsible for them. Keep the deposit records with the lease so they are easy to hand over at closing.
Rentals pay the higher tax rate
South Carolina taxes rental houses at a 6% assessment ratio, compared with 4% for an owner's legal residence, and the school operating tax exemption applies only to owner-occupied homes. You pay that higher bill every year you hold the house.
Timing the walk-through
When someone lives in the house, our visit has to fit around them. Your lease may spell out how much notice the tenant gets, so read it before choosing a day.
Another lease or a sale
Rent it again, or sell the South Carolina rental to us.
Rent it out again
What another round of renting usually means
- Make-ready work such as paint, flooring and a deep clean
- Vacant months with no rent coming in
- Listing, showing and screening for the next tenant
- Repair calls as the roof and HVAC get older
- Mortgage, insurance and taxes at the 6% rental rate
Sell to Barrington Home Buyers
What a sale to us involves
- No make-ready work or repairs
- Tenants can stay in place
- No fees or commissions
- A single visit in place of showings
- Closing in about a week, or later to fit the lease
From other rental owners
Landlords who decided to sell to us.
Good Morning Mr Parker. Mimi and I would like to send our best wishes to you and Barrington Acquisitions, LLC. Thank you truly for what you did for us last month. Thank you for helping us sell our rental duplex so fast. Your company was extremely fair, and we felt we got a good deal. We wish your company much success in its future. Sincerely yours, Tony & Mimi
Great to work with, Luke & his team was truthful, and professional. Had to deal with Delays due to COVID and trying to have Tenants depart the property. All representatives for Barrington were top notch. They made the sale of property very easy and I paid no real estate agents anything, with all the money just coming to me! Highly recommended!
Questions from landlords
What landlords ask before selling.
We buy rental houses and duplexes all over South Carolina, including the Midlands, the Lowcountry, the Upstate and the Grand Strand. The how we buy houses page explains the full process.
Will you buy a house that is currently rented?
Yes, with the tenants still in it. The tenant keeps their lease rights after the sale, so we start by reading the lease with you and learning who lives in the house.
What do I do with the tenants' deposits?
The deposits go with the house, and the new owner becomes responsible for them. Have your deposit records ready before closing so everyone knows the amounts being handed over.
Can I sell if the tenant owes back rent?
Yes, though missed rent and any damage the tenant caused can lower the price. Evicting a tenant or chasing unpaid rent is a legal process of its own, and a South Carolina attorney should advise you before anyone is promised a move-out date.
Is it worth doing a turnover before selling?
There is no need. Paint, flooring and cleaning can all be left undone, because we take rentals in their current state. Our price accounts for that work, and we take care of it once the sale closes.
What types of rental property do you buy?
Duplexes, townhomes, mobile homes and single-family houses all qualify, whether a tenant lives there or not.
Send us the address of your rental house.
Expect a call from a specialist to cover the property, the lease terms and the current occupants.
Ready to stop renting it out
Ask for a cash offer before the next lease renewal.
Tenants can stay, or the house can be empty. You make no repairs and pay no fees, and a single visit takes the place of showings.