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Updated over 4 years ago on . Most recent reply
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Inheriting Tenants with No Deposit
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.
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@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!