Opinions Needed: Inheriting Tenants

[Tommy Nguyen]

Hello BiggerPockets community,

Background: I am closing on a duplex soon. During the inspection, I met all the tenants. At first glance, they seem nice and reasonable. I will rehab the property and accommodate to the tenant's needs. All the tenants' leases are month-to-month, and rents are below market value. The plan is to increase rents after rehab. Also, I will manage the property myself. 

I am not against inheriting tenants; however, I do request the BP community's opinion on the subject.

Questions:

(1) If you were in this similar situation, how would you notify the tenants of the upcoming news (increased rent)?

(2) If you inherited tenants from the previous landlord, how was your experience (both positive and negative)? Second, what were your procedures before inheriting them?

(3) If you choose not to inherit, how do you decrease the vacancy period?

All the best,

Tommy Nguyen