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Updated over 3 years ago,
Wholesale Deal with Tenants in Place
Hey ya'll!
Under contract for my first deal (outside of my first home that turned into rental) and its a wholesale deal on a small home (plus the lot next to it) in Greensboro, NC. It currently has tenants in place but is $200 under market rent as its in rough shape with long standing tenants. I am thinking its worth getting them out ASAP to get the work done and then relist it.
With the way things are right now, is it worth hiring PM to handle getting the current tenants out? Or just work through it myself? If myself, is there a best "strategy" in getting tenants out?
Is there another strategy that I could consider outside of a) just letting them stay with their current month/month plan b) giving them the boot?
Thanks everyone!!
Kevin