Deal with old owner on a property I bought in the auction.

[Jacob Schwartz]

Hi everyone!

I recently bought a mixed used property in the Sheriff auction and the owner of the retail store is the former owner of the property.

Would it be a problem if I keep him as a tenant or it’s better for me to replace this tenant?

Thanks in advance!

[Nick Rutkowski]

@Jacob Schwartz

If (s)he owns the property and lost it at auction, there has to be a reason why they stopped paying. You can decided to work with them or not. I’d personally cut them loose and start over... save yourself a headache.