Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

82
Posts
15
Votes
Koob Moua
  • Rental Property Investor
  • monroe, GA
15
Votes |
82
Posts

Should I renew the lease on his duplex for 1 tenant

Koob Moua
  • Rental Property Investor
  • monroe, GA
Posted
Hey BP family, Wanted to reach out and ask for your opinion. Just got this property under contract and will close on July 2nd. 2 tenants renting each side and 1 tenant renewed there lease with previous land lord. Speaking to my agent she is telling me that the other tenant was not offered to renew there lease with the other land lord. As we were walking through the property with the agent she is insisting on renewing her lease with me as the new owner. But looking at all her monthly payments she has been late for like the last 6 months of residing there. I don’t know if the property management was charging her late fees or not. But walking through her side of the house seems like the property is kept pretty clean. What will you guys do in this situation not renew her lease and have her move out. Or try leasing to her month to month and test her out and enforce late charges on her if she is late? What do you guys think? Or renew her lease with a new contract and set rules in the contract. Opinions will be greatly appreciated.

Most Popular Reply

User Stats

145
Posts
47
Votes
Miguel Dormany
  • Tampa, FL
47
Votes |
145
Posts
Miguel Dormany
  • Tampa, FL
Replied

@Koob Moua Seems like they were already a problem without paying her payments. I would switch directions and seek a more promising tenant with good background check to ensure not having problems in the future. This is not to say you won't have problems with other tenants, but instead not to start off with one. 

Loading replies...