TL;DR — The Short Answer
You don't need to evict before selling. We buy State College rental properties with tenants in place — student leases, non-paying tenants, mid-lease situations, all of it. According to the U.S. Census Bureau (census.gov), 73.9% of State College housing units are renter-occupied — the most common sale we do here. The lease transfers to us at closing, the security deposit is accounted for on the closing statement, and you're done landlording in 7–14 days.
The Penn State Rental Trap — and How to Get Out
State College Borough has a 73.9% renter-occupied housing rate — one of the highest in Pennsylvania. Nearly all of it is Penn State students and university-related workers. That creates a very specific type of landlord:
- Bought a house near campus in the 1990s or 2000s as an investment
- Spent years managing student tenants — different groups every 12 months
- The property is now 25-30 years old and starting to need real money
- May have a decent tenant in right now but dreads the next turnover
- Knows the house would rent again in spring but wonders if it's worth it
- Case Study: He Sold His Destroyed Rental for $50K →
If that's you, the exit strategy is simple: sell to us. We buy the property with the current tenant in place. No eviction. No vacancy period. You don't need to wait for the lease to end.
Situations We Handle in State College Rentals
Non-paying student tenant
Tenant stopped paying after the fall semester. You've sent notices but don't want to go through Centre County Magisterial District Court eviction proceedings. We buy it as-is. You get paid. The tenant problem becomes our problem.
Seasonal vacancy between leases
The lease runs June-May. You're in the May window — old tenant out, new tenant not signed. The property is empty and you're carrying costs with no income. We can close during a vacancy period just as easily as with a tenant in place.
Property damage at move-out
Previous tenant left the place wrecked — holes in walls, stained carpet, broken fixtures. You're looking at $15,000+ in repairs to get it rent-ready again. We buy it in that condition. You don't fix it.
Long-term tenant, great history — but you want out
Your tenant has been there 8 years and pays on time. But you're 65, tired of the management calls, and want the capital. We buy the property, the tenant stays, and everyone moves on with their lives.
Get a Cash Offer on Your State College Rental
Tenant in place is fine. As-is condition is fine. Written offer in 24 hours.