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Updated almost 3 years ago on . Most recent reply

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Garrett Bradshaw
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11
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about to close on duplex full rented, advice on smooth transition

Garrett Bradshaw
Posted

We are about a week away from closing on our first rental property. A duplex that is fully rented. Looking for some advise on how to make the transition as smooth as possible. in the process of drafting our letter to the tenets, to give to them at closing, with info for how to pay rent, us being the new owners. emergency contact information. Is there anything else yall can think of to add in there?

As well as any advice on the process? 

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Zachary Inman
  • Specialist
  • Indianapolis, IN
282
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Zachary Inman
  • Specialist
  • Indianapolis, IN
Replied

Seems like you have a good plan in place. If possible, another good thing to do would be to bring value to the tenets to build the relationship quickly - offer a service that the previous owner didn't or take them out to lunch or something. Having a working relationship makes raising rents go smoother, in my experience. 

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