Being a landlord in the Bronx isn’t passive income anymore.

Between 1118 Grand Concourse Housing Court, non-paying tenants, HPD violations, and repair costs stacking up — many small landlords are asking the same question:

“Is it still worth it?”

This guide was written specifically for Bronx property owners who are tired, overwhelmed, or ready to exit cleanly.

When you call, you speak directly with Keith — a local Bronx buyer who understands tenant law, violation risk, and real-world exit strategies.

Bronx Landlord Exit 2026 – PDF Version
A detailed breakdown of housing court timelines, tenant scenarios, violation risks, and clean exit strategies.

If you’re looking for broader information about selling property anywhere in the Bronx, visit our main page here: Sell Your Bronx House Fast for Cash.

You Built Something Real. You’re Allowed to Be Done.

Most Bronx landlords didn’t get into rental properties carelessly.

They saved.
They sacrificed.
They believed in what Bronx real estate could do for their families.

But the math has changed.

Manageable buildings now face violations that multiply, and non-payment cases at 1118 Grand Concourse can stretch for months while you continue carrying the building alone.

That isn’t failure.
It’s the reality of ownership in 2026.

The Situations We See Every Day

Non-Paying Tenants & Court

Month after month of adjournments at 1118 Grand Concourse while the mortgage keeps running. If missed payments have pushed you toward pre-foreclosure, read our Bronx Foreclosure Help Timeline Guide to understand your options before an auction date gets scheduled.

Violations (HPD, DOB, ECB, Sanitation, DOF)

In 2026, it can feel like the City is treating Bronx landlords like an ATM. A tenant litters — you get the ticket. A door gets kicked in — you pay. A leak happens — somehow it’s your responsibility. Even a $50–$300 summons for trash in front of the house can turn into a constant cycle. It’s exhausting, and it’s not what you signed up for.

Management Fatigue

Managing from Florida, PA, or the Carolinas becomes a second job you never planned for.

Negative Cash Flow

Between taxes, insurance, utilities, and vacancies, you’re subsidizing the property rather than earning from it.

What We Actually Purchase — We Buy the Problem

Fully Occupied Properties
We buy with non-paying tenants, unauthorized occupants, or active holdover cases in place. After closing, those legal relationships become ours.

Active Violations
Illegal conversions, sidewalk violations, boiler failures — you don’t spend a dollar on compliance before we close.

Rent-Stabilized & Section 8 Units
We understand DHCR oversight, preferential rent complications, and MCI restrictions. We assume regulatory responsibility at closing.

Inherited Rental Properties
If you inherited a property with tenants and deferred maintenance you never chose, we coordinate the local exit so you don’t have to.

If you’re tired of managing tenants or dealing with Housing Court, we buy houses throughout The Bronx and can close on your timeline.

Your Options — Honestly Compared

• Listing with an agent: Works only if the building can pass inspections and attract financed buyers. Tenant issues and violations usually slow or kill deals.
• Selling to 718Homebuyers: We buy occupied and as-is, take over violations/tenant situations after closing, and can close in 7–14 days.
• Holding & self-managing: You keep the property, but court delays, fines, repairs, and non-payment can continue indefinitely.

The Reality of 1118 Grand Concourse

The Bronx Housing Court at 1118 Grand Concourse is one of the busiest in the U.S.

Even straightforward non-payment cases can take 6–12 months to reach judgment.
Then just as you approach resolution, an Order to Show Cause can reset the clock — adding months more.

Legal fees of $200–$400 per appearance add up quickly.
Two years in Housing Court is not an exaggeration.

During that time, a non-paying unit can cost $2,300–$3,811 per month in lost rent (depending on unit size and Section 8 payment standards).
Actual payment standards vary by unit size and HUD adjustments. HPD violations can also trigger fines ranging from $250 to $10,000+ each.
That means a single 3-bedroom unit can quietly cost $45,000–$70,000+ over a prolonged case — before repairs, legal fees, or missed mortgage payments are even considered.

A direct cash sale to 718Homebuyers ends your Housing Court problem at closing.

A detailed breakdown of housing court timelines, tenant scenarios, violation risks, and clean exit strategies.

👉 Download the Bronx Landlord Exit Guide (PDF)

How We Close Your Bronx Rental Property

One Direct Call With Keith
Call 718-503-2233 to describe the tenants and violations. This 15–30 minute conversation is completely private.

Fair Cash Offer in 24 Hours
We review the property (photos work for out-of-state owners) and provide a data-backed offer.

We Handle the Logistics
We open title with a Bronx-experienced company and manage the transfer of violations and tenant matters.

Close Your Way
In person or fully remote from your kitchen table in Florida, Georgia, Pennsylvania, or elsewhere.

TESTIMONIAL

“I had three non-paying tenants and hadn’t collected full rent in fourteen months. I went to 851 Grand Concourse, then was told the court had moved to 1118 Grand Concourse at the last minute. I arrived 7 minutes late and felt like I was the one on trial. The case was stayed — again. New court date 6 weeks later. Keith bought the building with all three tenants still in it. I signed at closing and never set foot in that courthouse again. I’m done.”
— Raymond L. | 4-Family Landlord, South Bronx

Bronx Landlord Exit: Frequently Asked Questions

Can you really buy my property with non-paying tenants still in it?

Yes, and this is exactly what we specialize in. We buy Bronx rental buildings with holdover tenants, unauthorized occupants, and tenants who haven’t paid rent in months or longer. You don’t need to wait for a judgment, a marshal’s notice, or a formal lockout order. The moment we close, the legal landlord-tenant relationship transfers entirely to us. You are no longer the landlord — full stop.

Do I need to finish my case at Bronx Housing Court before I sell?

No. Most Bronx landlords come to us specifically to stop making trips to 1118 Grand Concourse. We take over any active non-payment or holdover cases at closing. You can stop paying your landlord-tenant attorney and walk away from the courtroom at 161st Street the day we close.

What about open HPD, DOB, or ECB violations?

We buy Bronx properties with active violations exactly as they are. Illegal basement conversions, failing boilers, accumulated sidewalk fines, stop-work orders — we assume both the cost and the responsibility for clearing them after purchase. You won’t spend a dollar on contractors, expediters, or city compliance filings.

Can I sell a rent-stabilized building to a cash buyer?

Absolutely. We understand DHCR oversight, preferential rent rules, and the full scope of HSTPA regulations. We take over all rent stabilization filings and ongoing regulatory obligations at closing, allowing you to exit a complex rent-regulated asset without the delays, buyer financing contingencies, or due diligence marathons that come with a traditional sale.

How much is a non-paying tenant actually costing me every month?

More than most landlords realize. In the Bronx, a single non-paying three-bedroom unit represents between $2,300 and $3,811 per month in lost rent alone, based on current Section 8 payment standards. Add in property taxes, insurance, and potential HPD violation fines ranging from $250 to over $10,000, and a year-long Housing Court case can quietly cost you $45,000 to $70,000 before it’s resolved.

I live in Florida or the Carolinas — do I have to fly up for the closing?

Not at all. We handle full remote closings for out-of-state Bronx property owners regularly. We coordinate with local title companies and mobile notaries so you can sign every document from home. Your proceeds are wired directly to your bank account. You never have to set foot in New York.

Do you buy Section 8 properties?

Yes. We are familiar with HRA and NYCHA lease transfer processes and buy Section 8-occupied buildings without disruption to the existing subsidy. We handle the transition paperwork so there are no headaches for you during or after the sale.

Will my tenants or neighbors know I’m selling?

No. We operate with complete discretion. There are no For Sale signs, no MLS listings, and no public open houses that tip off your tenants. Our walkthroughs are private and scheduled carefully. In most cases, the first time tenants learn anything has changed is when we introduce ourselves as the new owners after closing.

How do you calculate your offer on a distressed Bronx rental property?

We start with real Bronx market data — what comparable buildings in neighborhoods like Morris Park, Soundview, or Parkchester are actually selling for once fully renovated and stabilized. We then subtract the true cost of repairs, open violations, and the legal weight of the tenant situation to arrive at the highest offer we can honestly make. You get a number based on the reality of the building, not a lowball designed to shock you into accepting.

Why shouldn’t I just list it with a traditional real estate agent?

Because most traditional buyers need a mortgage, and banks will not lend on buildings with non-paying tenants, serious structural violations, or code compliance issues. An agent may promise a higher number, but they cannot guarantee a closing on a property that won’t survive an inspection or appraisal. We skip the banks, the inspections, and the contingencies entirely and close in seven to fourteen days.

“I’ve owned rental property in the Bronx. I understand the exhaustion of a building that needs more than it gives. One call is all it takes to see the full picture.”— Keith Morris

A detailed breakdown of housing court timelines, tenant scenarios, violation risks, and clean exit strategies.

👉 Download the Bronx Landlord Exit Guide (PDF)

Call 718-503-2233
ASK FOR KEITH · FREE · PRIVATE · NO OBLIGATION

We are actively purchasing rental properties across the Bronx including ZIP codes 10466, 10467, 10469, 10470, 10461, 10462, 10472, 10473, and surrounding areas.

Updated for Bronx Rental Market Conditions – 2026