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Updated almost 9 years ago,
New property owner with month to month tenant
Hello Bigger Pockets!
I have a sticky situation and I am hoping to get some advice. I recently just went under contact for a triplex in the Cleveland area. The front unit is a three bedroom 1.5 bath and I plan on living in that unit while renting out the other two, one bedroom apartments in the back. This is my issue, all of the tenant know one another either by a blood relationship or close emotional ties and I am asking the tenants that have lived there for 5 years that have been on a month to month for the past 5 years to move out so I can move in.
This is my question, what are some suggestions that you have about making the process as seamless as possible. I am having the seller give a 60 day notice so the move is no surprise to them (especially over the holidays) but how do I keep a good relationship with the tenants that are staying?
I am interested in all advice. Thanks in advance!