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Updated about 10 years ago on . Most recent reply

User Stats

205
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32
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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

Remove tenants before? acquriing

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

If you acquire a 3-4 unit property and there are tenants there already, what is the best legal method you have done to remove them so you can pick your own tenants base on your screening methods. 

Reasons I ask:

1. I don't know what type of investor the last owner was or is:

2. I don't know what type of method he/she used to pick the tenants?

3. I Want control on who is living there and the metrics I use to screen them but the best return on my investment and reduce overturn and damage to property. 

Questions:

1. What method have you used?

2. And if if so what plans do you have in place to replace them ASAP?, should you be looking for tenants while trying to remove them?

3. Can I ask the owner before acquiring the property that i need them removed?.

4. What if they don't want to move since the lease will say move on x date?, can they fight it?.

P.S sorry for stupid questions, trying to cover my basis. 

Most Popular Reply

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1,057
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594
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Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
594
Votes |
1,057
Posts
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
Replied
Originally posted by @Abou C.:

what is the best legal method you have done to remove them so you can pick your own tenants base on your screening methods. 

what plans do you have in place to replace them ASAP?, should you be looking for tenants while trying to remove them?

3. Can I ask the owner before acquiring the property that i need them removed?.

Hi Abou- I'm not sure you're aware, tenants have a lot of rights afforded to them by written leases. If your tenants are month to month, that's one thing, but if they have year leases or longer, the seller or you can't just kick them to the curb because you want to use more stringent criteria.

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