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 4 years ago, 04/07/2020

User Stats

14
Posts
2
Votes
Katie Ritter
Pro Member
  • Scranton, PA
2
Votes |
14
Posts

Inherited Tenant Friends of Seller

Katie Ritter
Pro Member
  • Scranton, PA
Posted

We are set to close on our first investment property in mid-April.  The unit it is a duplex with one of the units rented by a tenant for about 6 years. We were under the impression that the tenant was paying $650 per month.  When we finally got the estoppel agreement signed, he is paying $600 per month and no security deposit.  The tenant is close friends with the sellers and the tenant is currently on a month to month agreement.  Should we push the issue of the extra $50 per month before we close or do we create a new contract with the increase of $50 per month or should we not push the issue since it would be tough to get a new tenant in during this pandemic?  

  • Katie Ritter
  • Loading replies...