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Updated almost 9 years ago on . Most recent reply
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Tenants refusing showing
Hello Everyone!
I am looking at purchasing a 4 unit property that is fully rented however, the tenants are giving us a hard time to set up a showing. Has anyone else come across this issue and would this be a red flag that I should be concerned with? I'm wondering if I'm going to have problems with these tenants cooperating and three of them are still in a lease until the Sept of this year. Any suggestions?
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Originally posted by @Ramek Llah:
If I were in your situation, I'd visit each tenant and let them know you plan on lowering their rent if you purchase their home. And, in order for you to proceed with your purchase you'll need access to their homes. sometimes you have to tell a white lie.
DO NO LIE to start a relationship with a tenant, you break the trust right off the bat and are asking for problems. If they think their present rent is low, they may conclude you will jack it up once researching rents for the area.