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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Oscar Rodriguez
  • Investor
  • San Diego, CA
5
Votes |
11
Posts

Inheriting Tenants with No Deposit

Oscar Rodriguez
  • Investor
  • San Diego, CA
Posted

I am currently in contract for two duplexes.  They both have paying tenants on month to month leases.  The issue is that none of them have deposits.  What are some suggestions for handling this situation?  If anything at all.  I'm ok with the current rents as is.  As each tenant moves out, I will rehab and get more rent at that point.  Thanks for any input.

Most Popular Reply

User Stats

11
Posts
5
Votes
Oscar Rodriguez
  • Investor
  • San Diego, CA
5
Votes |
11
Posts
Oscar Rodriguez
  • Investor
  • San Diego, CA
Replied

@Aaron Zimmerman Thanks for your feedback.  I do have the money to rehab now.  I was leaning towards your suggestion but I am not sure how motivated any of them will be to move.  I'll see soon though!  Thanks!

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