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Updated over 7 years ago on . Most recent reply

User Stats

74
Posts
29
Votes
Tracey G.
  • Accountant
  • Baltimore, MD
29
Votes |
74
Posts

New Landlord & Inherited Tenants

Tracey G.
  • Accountant
  • Baltimore, MD
Posted

I'll be closing on my first rental house - a college rental - in a few weeks. It is currently rented through next May. The house is about two hours away where my son goes to college. He will be living there after the current lease ends. Looking for advice on what I need to think about with the existing tenants as we take this property over.

I'll need a lawn service. The tenants pay all utilities, so I don't need to have them changed over. I have the phone numbers for the students and want to call each of them to introduce myself.

Should we do a new lease to clarify who the rent, etc., is due to? An addendum?

Any advice or recommendations appreciated.

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