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Updated almost 5 years ago,
Inheriting Tenants With Columbus Metropolitan HA Vouchers
I am trying to close my first ever investment deal on a duplex in Columbus, OH pretty soon. The property is occupied, with tenants rent fully covered by CMHA vouchers. One tenant is on Month-2-Month and the other just started a short term lease. Both with the current owner.
I plan to close 5/1. Unfortunately I am not getting much useful information about the process to passover tenants contracts and Housing Authority payments from the seller or my agent.
Can i ask the seller to collect the May rent and entirely credit it to me on closure?
I intend to keep my tenants and sign long term leases, but is CHMA going to need a new inspection because the title change?
I have not spoken to any tenant yet, but how do you suggest I do this? Speak to them and figure out if they are committed to stay in the first place?...
Anything else I should watch out for?
Any advice is appreciated. Many greetings!
Abdoul.