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Updated over 2 years ago,

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Screening Existing Tenants Before a Purchase

Clayton Baughman
Posted

Hello BP!

I am new to REI, and am close to writing an offer on my second multifamily property. The tenants are on 12 month leases that just started one month ago for one group and ~4 months ago for the other group. Being that there is still a lot of time left on the leases and I would be stuck with them, would I be able to make my offer contingent on the tenants meeting my leasing standards and have them fill out my application prior to the purchase going through? Any help or alternative strategies are welcome!

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