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Updated over 7 years ago,

User Stats

26
Posts
3
Votes
Jason K.
  • Tysons Corner, VA
3
Votes |
26
Posts

Purchased SFH cash w/ tenants that want to stay:)

Jason K.
  • Tysons Corner, VA
Posted

Purchased a 3bed/1.5bath SFH and the renters want to stay! Purchase was $637,500 plus closing of $20k. They are on a month to month lease and have been tenants since 2008. The rent is $2020/month. Fantastic automatic deposit renters who have never missed a month. House isn't in the greatest shape:

We would like to do a couple nice things as the new owners, possibly a free cleaning? Replace all smoke detectors and carbon monoxide detectors? Replace downstairs bathroom vanity and toilet (they are quite quite old)? Any suggestions here would be fantastic!

We should ask them for a new 1 year lease? Should we up the rent going along with this? Current rent on the lower side of the market because there are only 1.5 baths. Not really room for adding a shower in there. Any suggestions here would be fantastic too! Thank BP friends!!

-Jason

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