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Updated over 4 years ago,

User Stats

12
Posts
3
Votes
Adrian Santos
  • Jacksonville, FL
3
Votes |
12
Posts

House hack with inherited tenants and fully occupied

Adrian Santos
  • Jacksonville, FL
Posted

Hi,

I'm currently in a contract for a house hack with inherited tenants. Question is, both tenants are on month to month leases but have been there for more than 5 years. Unit A (5 years) young student tenant, Unit B (20+ years) old 60+ year old. What's the best way to approach that I need the more outdated unit to be empty after closing? The other unit seems to be stable and not outdated (Unit B).

Here's what I'm thinking:

  • - On closing, will send them that I'm the new owner/manager of the place
  • - I'll give a 30-day notice to the outdated unit (Unit A). Not renew the lease anymore.
  • - I'll make the other unit sign a month to month lease under my contract for a trial before I decide if I should keep/not. (Unit B)

What do you recommend that I should do?

Should I do both units empty after closing instead? I don't mind vacancy for now anyway since I need to renovate some things in Unit B too plus the mortgage payment was higher than my previous apartment rents.

I know that coronavirus related items are that eviction is withheld until December if it's related to COVID but I'm not renewing Unit A's lease anymore so I don't think there's a reason for a CDC exemption.

Thanks

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