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Updated over 1 year ago on . Most recent reply
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Thoughts on Inheriting Tenants
Hi all,
I am evaluating student housing in upstate NY and would like to get ahead of any scenarios that involve inheriting tenants. Recognizing that a situation like this would have both pros (no vacancy) and cons (less control):
- Are there any considerations to made for the screening of current tenants when a property changes hands?
- How often do situations like this arise? What is the best and worst case outcome?
- From a risk perspective, can inheriting tenants turn a 'go' into a 'no go'?
Thank you all and happy Tuesday!