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Updated over 10 years ago on . Most recent reply

Jeffrey Bailey's profile image
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Jeffrey Bailey
  • from Sewickley, Pennsylvania
  • Member since Jul 24, 2014
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Jeffrey Bailey's profile image
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Jeffrey Bailey
  • from Sewickley, Pennsylvania
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Jeffrey Bailey
  • Sewickley, PA
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General Landlording & Rental Properties

What to do with 80 year old tenant paying 1/2 market rate

Jeffrey Bailey
  • Sewickley, PA
Posted
I am looking to purchase a duplex as our first rental property. One of the units is currently rented by an 80 year old woman that has lived there almost 40 years. She's currently paying less than half the market rate. I would welcome any advice on how to handle the situation if we bought the property. Thanks.
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Dawn Anastasi's profile image
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Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi's profile image
Dawn Anastasi's profile image
Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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How do you know or assume that she can't afford market rent?  Maybe the seller just never raised the rent.

  • Dawn Anastasi
  • Podcast Guest on Show #29
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