Rehab 4 Unit Property

[Nicholas Young]

Looking to buy a rough 4 unit house for around 22500 and put 30k - 40k into a rehab leaving 600 per month in cash flow after all is said and done. Can I rehab with renters in place? How do you go about this? What are renters rights in regards to this?

[Peter B.]

@Nicholas Young

I wouldn't try to renovate an occupied unit if that's what your asking... I would start with the vacant unit.. If no unit's are vacant check the leases (and your states landlord tenats laws) and give notice of non-renewal due to scheduled renovations, to who ever is in m2m contract.  I would offer renovated unit to an existing tenant if they qualified as another way to open up a unit.

The tenats have right of peaceful enjoyment.. I wouldn't be running a wet saw at 3 am... Just use some common sense and you should be fine. I have done numerous renovations with tenants in adjacent units. To be honest they are usually happy to see improvements taking place.

Peter