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Updated almost 8 years ago on . Most recent reply

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142
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Justin Frye
  • Investor
  • Columbus, OH
52
Votes |
142
Posts

Just closed on my first property and need advice on tenants.

Justin Frye
  • Investor
  • Columbus, OH
Posted

Hello everyone I just closed on my first property today. I invested in a duplex in Columbus Ohio and I used a 203 k loan and I'm rehabbing one side while the other is fully renovated at $800. The side in which I plan on moving in needs some work, and currently is being rented for $400. The tenant in the  side which is rented for $400 is the side in which I plan on moving in and house hacking, and currently is on a month to month lease. My question here is the tenant has no idea what's going on and is currently out of town, I have to give him the 30 day notice by tomorrow in order to be able to begin my rehab work in time and my first payment is exactly 30 days from tomorrow. How and what is the best way to approach him in letting him know properly to move out in 30 days. From speaking to the current landlord he's been there for years and I fear I may have to go the route of evicting but would like to avoid that at all costs. Any and all advice would be greatly appreciated.

Most Popular Reply

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3,601
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4,335
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Marcia Maynard
  • Investor
  • Vancouver, WA
4,335
Votes |
3,601
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Marcia Maynard
  • Investor
  • Vancouver, WA
Replied

Open and honest communication. Be fair and polite. That's tough. It's hard to find a new home in 30 days, especially when you didn't see it coming. I'd give them 60 days notice and help them with some of the logistics, like boxes, tape, 3 mil garbage bags, and a free dump run.

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