Would you buy a property with long term tenants?

[Leandro Zhao]

From your experience, is there any advantage of buying a property with long term tenants living in there?

I only see disadvantage such as, most of the time their rent is not high enough and you won't have enough cash flow.

What is your experience?

[Anthony Rosa]

If I ever sold my properties any landlord would love them!  My friend who owns a building down the steet from my property wanst to steal them from me..lol. I have 2 two family houses in NYC and all four doors are rented to the same tenants for over 12 years.  They are elderly, healthy, retired, live very comfortably, make minimal to no noise at all, very clean and they pay on time all the time. When the rents increases, although I haven't raised the rent in five years, they don't complain. I painted the units three times during those 12 years and they stay with their children to keep the place vacant for 2 days.  They also know that they pay a little less then what the market calls for.  The tenants in one of my two family homes got together and gave my wife and I $1000 when they found out we had a newborn.  If I ever sold they come with the house and anyone would love them!!