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Updated over 9 years ago,

User Stats

34
Posts
6
Votes
Chantz Ireland
  • Real Estate Agent
  • Seattle
6
Votes |
34
Posts

Buying Triplex with existing tentents.

Chantz Ireland
  • Real Estate Agent
  • Seattle
Posted

I am currently on route to close on a Triplex at the beginning of next month. This is my first property and I am a bit confused on what I need to do. The Triplex has existing tentents that pay $150 below the average apartment price, In order to make the mortgage with some extra I need to increase rents and also live in one unit so I have to kick someone out.  What's the beat way to evict someone and the best way to raise rents while still maintaining a tolerable relationship. 

All three tentents are on Month-Month contracts.  

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