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Updated about 7 years ago on . Most recent reply

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Nick Vorves
  • Real Estate Investor
  • Taylor, MI
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Existing Tenants Should They Stay or Should They Go.

Nick Vorves
  • Real Estate Investor
  • Taylor, MI
Posted

I am a newbie and am under contract for a FourPlex.  

The inspection revealed a dirty tenant that apparently has a good rental history.  I am wondering if I should insist that he be evicted and the unit be returned to a rentable condition before I agree to finalize the purchase.  I am withing the inspection period.

I have recieved excellend advice from a previous forum post.  Thank you in advance.

Nick

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Nick Vorves:

I am a newbie and am under contract for a FourPlex.  

The inspection revealed a dirty tenant that apparently has a good rental history.  I am wondering if I should insist that he be evicted and the unit be returned to a rentable condition before I agree to finalize the purchase.  I am withing the inspection period.

I have recieved excellend advice from a previous forum post.  Thank you in advance.

Nick

 You can ask for whatever you want but one question is will the seller be willing to accommodate?

After you get through that I don't think it makes any sense to evict a tenant for being "dirty" if they are paying on time. With well over 800 rentals in my portfolio I can tell you that your not going to be collecting very much rent if you evict all of the "dirty" tenants. The ones who keep the place very tidy are definitely the minority. It does of course matter what asset class you are in as well. As the asset class rises as does how clean the tenants keep their units.

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