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Updated 6 months ago on . Most recent reply

User Stats

161
Posts
47
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Jennifer Fernéz
  • Investor
  • Reading, PA
47
Votes |
161
Posts

Rental acquisition with bad tenants

Jennifer Fernéz
  • Investor
  • Reading, PA
Posted

Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees. They are also smokers and their unit is horrid. They are month to month. What are common practices to remove them? Another tenant in the same property pays $750 a month and should be paying more around $1100. What is the best way to increase her rent?   Do I do it all at once?  I need help with etiquette and what to do 

Most Popular Reply

User Stats

161
Posts
47
Votes
Jennifer Fernéz
  • Investor
  • Reading, PA
47
Votes |
161
Posts
Jennifer Fernéz
  • Investor
  • Reading, PA
Replied
Quote from @Laura Stayton:
Quote from @Jennifer Fernéz:

Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees. They are also smokers and their unit is horrid. They are month to month. What are common practices to remove them? Another tenant in the same property pays $750 a month and should be paying more around $1100. What is the best way to increase her rent?   Do I do it all at once?  I need help with etiquette and what to do 

Agree, check your state's Landlord Tenant code.  In Delaware, a 60 day notice is required to terminate a month to month lease.   To my knowledge you can't require the units be vacant unless you want to wait for the current owner to send notices out and then purchase.  Investor to investor sales don't require a tenant to vacate here.
I’m actually looking to owner occupy, so having the tenant vacated would be great.

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