Inheriting tenants on first time house hack

[Adam Huynh]

Hi everyone,

I'm looking to become a first time buyer on a duplex and looking for advice/ recommendations for other professional advice. In this example, both sides are month-to-month. One has not been able to pay rent due to the pandemic and the other is a long time renter and significantly under market value. With a 30 day notice in place for current lease and upcoming provision changes in the CARES act, are there other things I need to look into?

[Allison Stewart]

We always give tenants notice to vacate when we buy properties, especially if they are on month to month. I loathe inheriting tenants - we haven’t had good luck with any inherited tenants. Your best bet is not renewing their lease and finding tenants that you vet yourself (especially if one isn’t paying rent already).