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Updated about 10 years ago,
Tenant from hell, but is already in new investment property upon purchase?
Greetings BP,
I know that a good tenant screening process is an important thing to know when landlording. But what happens when you buy a house as a rental property and there is a tenant already in there. I am trying to figure out an exit strategy if the first investment property I am going to buy soon could have a destructive tenant who you have to remove ASAP when inquiring the property.
What steps do you take to evict someone upon buying the house? With minimal damages?
I've heard a few horror stories of this kind of stuff happening, what systems would you recommend putting in place to be ready for this?
Cheers,
Bill