Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

Account Closed
  • Indianapolis, IN
3
Votes |
6
Posts

Acquiring property with delinquent "tenant"

Account Closed
  • Indianapolis, IN
Posted

Hey all,

I am acquiring a property with a bit of an issue and I'm not sure how to proceed. This may be a question for an attorney, but I thought I'd address it here for posterity.

The property has been occupied for about 13 years by a life-long friend of the current owner on a handshake agreement, the details of which I'm not sure. I do know that the "tenant" has paid no rent for the past 7 years or so. The "tenant" has made one excuse after another why he can't come up withe it, occasionally coming off of a little here and there, making a repair here and there. Due to their history, the owner hasn't had the heart to put his foot down. But his charity has come to a bitter end. Now wishing to wash his hands of the whole thing, he has offered me the property at a steal -- provided I handle the current occupant. So I will be acquiring a property with a delinquent tenant who has lived there for years with permission, paid very little rent, but made improvements, and who is going to put up one hell of a fight when I show up and inform him the party is over.

The owner has handed me the deed and told me to do whatever I need to do to transfer ownership and then take it from there.

What steps are required to take over this property and evict this person while respecting his rights and protecting myself?

Loading replies...