INHERITING TENANTS IN NC

[Marco Padilla]

Well as investors we are always looking for our next deal. This time it has come in the form of a Four-Plex in Columbus county NC. All the units are being rented out and we are at a 10% cap rate. All seems fair and good the units need some updates and once updated we can get more rent for the units. Our biggest concern is inheriting tenants. We have another unit (Duplex) where we inherited the tenants and one of them has been nothing but aces and of course the other one is nothing but problems and hasn't paid rent since October 2020 and that's just the beginning, has chased away our contractors, threatened our property management & the other tenants we've been to court to get them evicted and have lost on two (2) separate occasions. We are at a loss at this point and it's totally unfair to our othher performing tenants, not to mention a discouragement for them as well. What are your thoughts?