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Updated almost 6 years ago on . Most recent reply

User Stats

45
Posts
30
Votes
Steven Pool
  • Superior, WI
30
Votes |
45
Posts

Screening inherited tenants

Steven Pool
  • Superior, WI
Posted

So I've purchased 1 duplex and 1 sfh each with inherited tenants; I also have 4 more duplexes and 1sfh on contract to close at the end of this month and each of them have inherited tenants

Of these, only 1 has a year long lease while the rest are on month to month.

What I've done with the tenants I have so far is to keep them on a month to month lease until I can see what type of tenant they will be after which I can decide to end the lease with a 30 days notice.

There are definitely flaws with this approach so I'm wondering what most of you have done when inheriting tenants?

Thanks in advance for the help!

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