Sell Your Rental Property in McLennan County, TX
You did the math when you bought it. The numbers made sense. Now they do not. If you are ready to stop being a landlord in Waco or anywhere in McLennan County, we make it simple: one call, a fair cash offer, and a closing date you choose.
We are Colby and Callie with Hippie Home Buyers, a family-owned company based in Howe, Texas. We buy rental properties throughout McLennan County for cash: single-family rentals, duplexes, student housing near Baylor, and long-held properties with deferred maintenance. Tenants in place, as-is, with no repairs required and no commissions.
For the full guide on Texas tenant rights when a landlord sells, read our complete guide: Selling a Rental Property With Tenants in Texas.
What You Will Find on This Page
Is It Worth Keeping My Waco Rental or Should I Sell?
This is the right question to ask, and the answer is not always sell. But for a growing number of McLennan County landlords, the math has quietly shifted against holding.
Property Taxes Are Eating Into Your Margins
Waco and the surrounding area have seen strong appraisal increases over the last several years, driven by Baylor University area growth, I-35 corridor development, and an overall uptick in demand for Central Texas real estate. If you bought your rental a decade ago, your tax bill today may look almost unrecognizable. When rising assessments combine with flat rents in older neighborhoods, the cash flow that made the property worth owning can disappear fast.
Your Property May Be Competing Against Inventory It Cannot Beat
New construction near Baylor and along major corridors has pulled renters toward newer units with modern finishes, in-unit laundry, and better energy efficiency. If your rental is a 1970s or 1980s build in East Waco or South Waco, you are likely spending more on maintenance and turnover than you were five years ago, while getting less in rent relative to what the market supports in newer stock.
Deferred Maintenance Compounds
Roof, HVAC, foundation, plumbing. Every year you hold a property that needs work, the list grows. If you have been patching instead of repairing, the cost of bringing the property up to rentable condition may now exceed what it would take to simply sell as-is and move on.
The Opportunity Cost Is Real
If your net cash flow after taxes, insurance, maintenance reserves, and vacancy is less than what you would earn putting that equity in a conservative investment, you are paying to own the property in opportunity cost alone. That is before factoring in your time. If any of this sounds familiar, the decision to sell is not a failure. It is a reasonable response to changed conditions.
Can I Sell With Tenants Still Living There?
Yes. This is one of the most common situations we handle, and it is something a traditional buyer on the MLS rarely wants to deal with. Here is how each scenario works with us.
Good Tenants on an Active Lease
If your tenants are current on rent and have a signed lease, we buy the property with them in place. We take over as landlord at closing. You do not need to end their lease or ask them to leave.
Month-to-Month Tenants
These situations are flexible. We can close with them in place, or if you have already given notice and they are in the process of moving out, we can work around that timeline too.
Non-Paying Tenants
A tenant who is three months behind on rent does not stop the sale. We purchase the property as-is, including whatever tenant situation comes with it. You hand us the keys and the non-payment issue becomes ours to resolve.
Eviction in Progress
If you have already filed or are mid-process, we can still make an offer. We account for the situation in our pricing and take it from there. You do not have to wait for the eviction to resolve before selling.
You do not need a vacant property to sell to us. We understand rental properties and we buy them the way they actually exist, not the way a buyer on the open market wishes they were. For a deeper look at Texas landlord and tenant law as it applies to selling, read: Selling a Rental Property With Tenants in Texas.
Ready to Stop Being a Landlord?
We buy rental properties across McLennan County for cash: tenants, repairs, and all. Call us today and we will give you a real number.
✆ Call (903) 436-7381 Get a Cash Offer OnlineWhat Happens to My Tenant’s Lease When I Sell?
Under Texas law, a lease follows the property, not the owner. When you sell, your tenant’s existing lease transfers automatically to the new owner. Your tenants do not lose their right to stay through the end of their lease term just because the property changed hands.
Security Deposits
You are required to transfer the tenant’s security deposit to the new owner at closing. The new owner then takes on the legal obligation to return it according to Texas Property Code guidelines when the tenancy ends. Your title company will document this in the closing paperwork.
Tenant Notification
You should notify your tenants in writing that the property has been sold and provide the new owner’s contact information. Texas law does not specify an exact timeframe for this notice, but prompt notification protects you from liability and keeps the transition smooth.
What Your Tenants Can Expect
Their lease terms do not change at the time of sale. Rent amount, due date, and other conditions stay the same until the lease expires or a new agreement is reached. A straightforward, professional transition is in everyone’s interest.
What We Buy in McLennan County
We buy residential rental properties across McLennan County in any condition and any tenant situation.
Single-Family Rentals
Any condition, tenant-occupied or vacant. Deferred maintenance, dated interiors, aging systems — none of that prevents us from making an offer.
Duplexes and Small Multi-Unit Properties
We buy duplexes and small multi-unit properties throughout Waco and surrounding cities. Whether both units are occupied, one is vacant, or both are vacant, we make an offer based on what the property is actually worth.
Student Rentals Near Baylor
High turnover, deferred upkeep, and the annual cycle of lease resets that comes with student housing. We buy these properties and understand what they actually look like on the inside.
Long-Held Rentals With Deferred Maintenance
Properties with code violations, repair backlogs, or title complications from estate situations are all situations we can work through. If it is a residential rental in McLennan County, we are interested.
McLennan County Cities We Serve
We buy rental properties throughout McLennan County. Here is what we see most in each major market.
Waco
Priority MarketWaco is our largest market in McLennan County and the one with the most variety in rental situations. The Baylor University corridor brings a steady cycle of student and young professional renters, but turnover is high and properties often need more upkeep than long-term rentals. East Waco has a large stock of older single-family rentals that have been held for years, many with equity but also with mounting maintenance needs.
If you own a rental anywhere in Waco and are ready to move on, we know the market and we can close fast. Condition and tenant situation do not matter. Call us and we will give you a real number.
Hewitt
Priority MarketHewitt‘s rental market has grown alongside its population, and taxes have followed. Many landlords here own newer stock than you would find in older Waco neighborhoods, but rising assessments have trimmed margins. If the numbers no longer work on a Hewitt rental, we are a straightforward exit.
We buy Hewitt rental properties in any condition and can close on your timeline. No repairs, no showings, no commissions. Just a cash offer and a closing date you choose.
Robinson
Priority MarketRobinson rentals tend to carry strong equity positions after years of appreciation. Landlords here are often selling not because of cash flow problems, but because they are ready to access that equity and simplify. The decision makes sense at any stage.
We buy Robinson rentals in any condition and close on your schedule. If you are ready to convert that equity into cash and move on, we make the process simple from start to finish.
Bellmead, Lacy-Lakeview, McGregor, China Spring, Moody, and Lorena
Serving All McLennan CountyWe buy rental properties across all of McLennan County, including Bellmead, Lacy-Lakeview, McGregor, China Spring, Moody, Lorena, and all surrounding communities. Whether you have a single rental in Lorena that you inherited or a duplex in Bellmead you are ready to offload, we will make an offer.
Call us at (903) 436-7381 wherever your rental is located in McLennan County. Distance is not a barrier and neither is condition.
Frequently Asked Questions From McLennan County Landlords
Ready to Stop Being a Landlord in McLennan County?
We make it easy. No repairs. No commissions. No fees. You pick the closing date. Call us today and we will get back to you quickly with a no-obligation cash offer.
We are local, we are fast, and we buy rental properties other buyers will not touch.
For the full guide on selling with tenants in Texas, read: Selling a Rental Property With Tenants in Texas
McLennan County Landlord Resources
- Texas Attorney General — Landlord and Tenant Rights
Plain-language overview of landlord and tenant rights and responsibilities, including lease transfers, security deposits, and eviction procedures
- McLennan Central Appraisal District
Look up current assessed values, tax history, and exemption information for any rental property in McLennan County
- Texas Property Code — Chapter 92: Residential Tenancies
The authoritative source for Texas landlord-tenant law, including lease transfer requirements, security deposit rules, and tenant rights when a property changes ownership
- McLennan County Justice of the Peace Courts
Information on filing an eviction, court locations, and JP court procedures in McLennan County
- Texas State Law Library — Landlord-Tenant Law Guide
Comprehensive legal resource covering lease termination, eviction procedures, security deposit rules, and tenant rights across Texas