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Updated over 1 year ago on . Most recent reply

User Stats

198
Posts
128
Votes
Dave Kush
  • Frankfort, IL
128
Votes |
198
Posts

Buying a property with tenants

Dave Kush
  • Frankfort, IL
Posted

Good morning!

I recently put a duplex under contract. I have experience as a landlord, but this is my first time buying something that already has tenants. My lawyer told me I could handle some of the tenant items myself, such as the leases and rents. For them to do it would be another $1,000. My question is whether this is something that is easy enough for someone who is careful and diligent to take care of themselves or if I am just way better off paying the lawyer. I don't mind doing the late work provided it's procedural, but I'd rather pay the lawyer than create a problem for myself.

  • Dave Kush
  • Loading replies...