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Updated about 8 years ago on . Most recent reply

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Justin Frye
  • Investor
  • Columbus, OH
52
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142
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what should i do about a tenant who's previously had a eviction?

Justin Frye
  • Investor
  • Columbus, OH
Posted

So I just recently purchased my first rental property a multi-family duplex and haven't closed on the property quite yet. The current landlord of the property has recently just put in a new tenant who's had a prior eviction back in 2015. The Landlord has given her a 1 year lease that has me extremely worried. The current landlord has told me the new tenant has paid her security deposit in full plus an extra $600.  Now I'm not one to normally judge anyone as we've all made mistakes in the past, but seeing how this is my first rental and I plan on living in the other side, I'm kind of torn as to what I should do. Im using a 203k loan to fix up half of the unit which ill be living in somewhat like a live in flip. If anybody could help and give some alternative options as to what I could/should possibly do that would be very much obliged. Thanks again

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Deanna McCormick
  • Minneapolis, MN
1,760
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2,667
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Deanna McCormick
  • Minneapolis, MN
Replied

You know the history, you will need to follow the lease terms, nothing to worry about at this time. But follow your state landlord tenant guidelines and be prepared to give late noitces, and a pay or quit or what ever notices required if late rent is a issue and realize a eviction is something that could happen if she fails to pay on time.

The security deposit she has on account should transfer to you as new owner so with the extra 600 you have added protection. Make sure copy of all leases, move outs, for tenants for the past 2 years are part of the documents you require. And that rents are current with no balances due at possession. 

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