Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 5 years ago,

User Stats

20
Posts
7
Votes
Thomas O.
7
Votes |
20
Posts

Potential Florida Tenant Disaster! Help!!

Thomas O.
Posted

Soooo I found a property that checks all of the boxes.  Gated community, 1% rent rule, newer property (13 years old), quickly growing area, close to shopping, beaches, solid cash flow, etc., etc.. Only negative is that it's a foreclosure. 

I bid on the property at auction and won, I'm $10,000 invested in escrow right now and close on the property very soon.  I know the home has a tenant in it and I know approximately what the rent being charged is.  

Come to find out, some public records were posted recently showing that the previous owner tried to evict the current tenant.  Tenant hired lawyer, eviction got dropped.  

My initial plan before this was to send a certified letter introducing myself, request a copy of their current lease, tenant information, change locks and provide new keys, provide new rent payment address, make sure the property is in decent condition and honor previous lease until it's over.  At this point I'm getting a bad gut feeling looking through court records and thinking about lawyering up for immediate council and suggestions.  Anyone out there been through a similar situation and have any words of wisdom?

Thanks,

Pretty Concerned

Loading replies...