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Updated about 6 years ago,

User Stats

151
Posts
60
Votes
Michael Wallimann
Pro Member
  • Rental Property Investor
  • Western Washington
60
Votes |
151
Posts

Gracefully Removing an Inherited Tenant

Michael Wallimann
Pro Member
  • Rental Property Investor
  • Western Washington
Posted

Hello BP clan! I am about to close on a fourplex next month. It is going to be an owner occupied property. This building has 3 tenants in place with the biggest unit (a 2BR/2BA) unoccupied at the moment due to a recent eviction. I am planning on moving into the smallest and least expensive unit which is occupied by a tenant who just moved in a few months ago. My agent is telling me that the owner says everybody is on a month to month lease but they still have not provided copies of the tenant's lease agreements. I'm pretty new to being a landlord and I'm wondering if any of you have some input on good approaches to this situation. I know that cash for keys could certainly be an option. Thoughts? Experiences? Advice?

  • Michael Wallimann
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