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Updated over 9 years ago,
How to move out an inherited tenants?
Hi Bp Community,
I raised some capital and purchased 3 townhomes together with some friends. you could read all the detail here
I ran into a problem: The rent of the middle house is only $550 per month. I want to raise the rent back near the market rate of $1200 but the tenants that i inherited from the previous owner of course won't be able to afford this.
What is the best way to move them out? From what i see they have a lot of good and behaving kids going to school so If i don't do it the right way. I could end up looking like a bad and greedy landlord in front of the court.
How would you deal with this situation? My property manager told me communication with them is also very hard as well. Can I just post a notice of rent increase in front of their door or send them a mail or something?
Thank you!