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Updated over 7 years ago,

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4
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0
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Amber Gray
  • Real Estate Professional
  • Upper Marlboro, MD
0
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4
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Buying a Property with Existing Month to Month Tenants

Amber Gray
  • Real Estate Professional
  • Upper Marlboro, MD
Posted

Hello,

I am looking to purchase my first property.  It is a 3-unit property, fully rented with month-to-month tenants (all paying below market rent and one is behind on rent).  The property is located in Prince George's County, Maryland.  I would like to remove the tenants, renovate and charge market rent.  Should I undertake this take for my first property?  I know I have to give the tenants 60-days notice to vacate but if they do not leave do I have to go through a costly court process?  Please Help!

- Newbie Who Doesn't Want to Lose Her Shirt on First Property

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