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Updated over 7 years ago,
What to look out for when purchasing RE with renters
Hi.
I am in the process of purchasing a duplex with tenants in one unit. Everything seems legit (they have a signed contract, pay on time from what I am being told, etc.). Wondering from those that have done this in the past things to look/ watch out for. Things that I keep thinking about are mostly legal (how does the lease transfer) and logistics (what's the best way to deal with the tenants once I take over - get in touch with them? Send them my info and wait for a call with issues?), but there might be other topics I'm missing.
Thanks in advance!
Mateusz