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Updated about 1 year ago on . Most recent reply
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Evicting Tenants During Winter
I just acquired a fourplex in Duluth, MN that is severely under-rented ($600/mo). I gave tenants notice the day I closed (no signed leases). Some are leaving, some want to stay. Due to the time of year in MN Im wondering what people have done in the past to not kick someone out during the middle of winter, but also still stick to their plan of vacating the property for the purpose of rehabbing and raising rents. Where's the fine line wanting to be a human but also need to stick to a budget?
My gameplan thus far is if a tenants wishes to stay, to have tenant sign a new lease with increased rent for an additional 90 days, giving them the option to look for housing during that time.
- Kevin Kalligher
Most Popular Reply
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Thanks for the replies everyone and @Logan Laperriere thats a great idea to keep a couple tenants in the building to lessen the financial burden while doing rehab. I've bumped rents from $600 to $750 for 2 of the units and 2 of the other units have already planned to vacate by the end of the month and made other accommodations. Seems like things are working out alright for all parties involved at the moment. WIll keep you posted and thanks again for the feedback everyone.
- Kevin Kalligher