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Updated 7 months ago on . Most recent reply

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Zac Gorski
  • New to Real Estate
  • Pittsburgh
3
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12
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Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
  • New to Real Estate
  • Pittsburgh
Posted

Hey All! 👋  
So excited to announce that I have just closed on my first Property, a Triplex in Pittsburgh, Pa.  

For financial, insurance and logistical reasons, I will need to occupy one of the two units that are currently occupied.  
The lease states that I may give 60 Days notice to vacate to the Tenant who currently occupies this unit. 

Can someone provide insight, a template and help with how to best send this notice?  
Does it have to be notarized or certified?  

Closed August 12th - I am also confused about what happens with the rent money that would have been paid for August.  And what happens to the security deposits?  Do they just transfer somehow? 

Appreciate the help, 

  • Zac Gorski
  • Most Popular Reply

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    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    7,601
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    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    You should have sent a notice to quit on August 13th, but what are their lease statuses? If they aren't month-to-month, you aren't getting them out, and even if they are, you will likely have to line their pockets with cash for keys to get them out.

    Who is in the third unit? It's vacant? Even if it's the biggest unit, you need to move into that one to satisfy the mortgage if it's liveable and then figure out how to get the tenants out.

    Who was your agent on this because they have not prepared you for anything? The security deposits should have been transferred over and confirmed at time of closing.

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