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Updated over 7 years ago on . Most recent reply
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Inheriting tenants at my first property
Good afternoon,
My offer was just accepted on my first property. It will be a 3 family home in CT. I will be owner occupying.
One tenant is moving out and the other the tenants lease will be ending around the time that we close. The tenant who's lease is ending is looking to move into the most expensive unit in the house ($100 more than the one they are in now). Should I just accept that they have been good paying tenants or do a full screening on them seeing as their lease is up and I have the opportunity? (This is a family with children) I feel like I should probably screen them but I'll take some advice from the more experienced investors on here.
Thank you,
-Benjamin Lemieux
Most Popular Reply
Do you know their payment history?
I would want to verify their income since their rent would increase, whether you want to do a full background and credit check is up to you. *This is assuming you have proof of a clean payment history.