Tenanted Homes
Rent starts from day one.
Tenant in place, cash flow from the first month — acquired 15–30% below market, often with a Section 8 tenancy that transfers with the title.
The immediate-income product
You buy the house with the tenant already in it. The management company takes the handover at closing and runs the property together with you.
Acquired with tenant in place
Step 1Often Section 8 — the local housing authority pays a major portion of the rent directly to the landlord — at 15–30% below market.
Independent inspection before closing
Step 2Any urgent items threatening rental standards are identified before you commit.
Urgent repairs handled post-transfer
Step 3By vetted third-party contractors — agreed scope, included in the price.
Verwaltung takes the handover
Step 4The management company runs the property together with you: collection, maintenance, inspections, re-letting.
Plan the turnover before it happens
Tenanted homes often carry deferred maintenance. When the current tenant eventually leaves, plan $10K–$40K capex for full make-ready. This is disclosed per property, in writing, before you reserve. Keep 5–10% of gross rent as contingency — no honest operator tells you otherwise.
Where this sits on the US curve
| Renovierung | Tenanted | Rent Ready | |
|---|---|---|---|
| Cash flow starts | 3–6 months after works | Day one | 1–3 months |
| Entry discount | Deepest — wholesale + works | 15–30% below market | Market-calibrated |
| Value-add upside | Highest (BRRRR core) | Moderate | Limited |
| Renovierung involvement | Scope pre-agreed, in price | Urgent items only, in price | Minor items only, in price |
| Key risk to plan | Works timeline | Deferred-maintenance capex on turnover | Placement window |
Compare all six products — US and UK — on the products page →
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