Advice on inheriting tenants for first time muti family owner?

[Daniel Steeves]

I’m a first time house hacker and I’m inheriting my first tenants. They seem really nice and seem to keep their unit pretty clean. Any advice as I close in just a few days?

[Andrew B.]

Make sure you get estoppel agreements signed by owner and tenants before you close.
Do a thorough inspection when you take possession, and take detailed photos. Damage before you take possession is difficult to prove without a detailed inspection report from previous owner. Damage post possession is easier to prove if you did your own inspection.
Last, set the expectations up front. Many tenants start asking for crazy upgrades when a new owner comes in. This is them trying to figure out how much of a pushover you are. Fix anything related to safety as necessary, but don't let them walk all over you. Make sure they understand rent is due on the first, late on the second.