Maryland Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Buying a Property with Existing Month to Month Tenants
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