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Updated over 4 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Ras U-Ahk
  • Property Manager
  • New York City, NY
1
Votes |
13
Posts

New owner old tenant

Ras U-Ahk
  • Property Manager
  • New York City, NY
Posted

I acquired a single-family home in the Bronx, NY. The current tenant and former landlord do not have a lease or official amount for payment. To give some back story, the tenant was a family member of the former owner. The tenant was operating as the property manager.

The tenant was responsible for the upkeep of the unit and mortgage payment. To make a long story short, the tenant was not keeping up its part of the bargain. As of May 2020, the tenant has stopped paying.

The tenant has been living at the location for nineteen years. The tenant runs a hair salon out of the home and uses the finished basement apartment as an Airbnb.

Now that I have the property, I am willing to offer the tenant a lease to create structure and valid expiration.

In the case that does not work, I would start the process for eviction.

I am reaching out to my bigger pocket community to see what my options are moving forward.

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