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Updated about 1 year ago on . Most recent reply

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6
Posts
1
Votes
Tu Cao
1
Votes |
6
Posts

New Home with Old Tenant - New Lease?

Tu Cao
Posted

Hi everyone, 

I just bought a new home with an ADU (2beds and 2 bath with big separated gated driveway for 2-3 cars parking) in Garden Grove, CA. The ADU has a tenant living in it. He pays rent on-time every month. His rent is currently $2100. The previous do not have any current lease agreement or refuse to give me one (I found this weird). I ran the rental analysis in the area, and the rental range for comparable unit is $2500-$2800 without the big gated driveway. I am meeting him this Sunday. What steps should I take? I plan to use Avail for the lease and plan to increase the rent to $2450. Your inputs would be much appreciate it.

Newbie Real-estate Investor

Tu

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