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Updated about 1 year ago on . Most recent reply

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Jason Skinner
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Jason Skinner's profile image
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Jason Skinner
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Jason Skinner
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Votes |
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Multi-Family and Apartment Investing

Buying multi-unit property with tenant in place

Jason Skinner
Posted

I am a newer investor in Michigan, I have an accepted offer on a duplex. There is a tenant living in one of the units and currently renting on a month to month basis. What is your process when you acquire an asset with tenants in place as far as background checks and anything else you would do?

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    Michael Smythe's profile image
    Michael Smythe's profile image
    Michael Smythe
    • Property Manager
    • from Metro Detroit
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    Michael Smythe
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    Michael Smythe
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    • Metro Detroit
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    Michael Smythe
    • Property Manager
    • Metro Detroit
    Replied

    @Andrew Freed the tenant has no contractual obligation to sign it and any attorney they hire would advise them NOT to sign it. 

    Then what are you going to do?

    • Michael Smythe
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    Logical Property Management

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