All Forum Posts by: Michael Swantek

 Thank you for the 0% advice!

Thank you! That was along the lines of what I was think, just not sure how to start. 

Hello! I purchased my first duplex and have a question regarding existing tenants. 

The summary is, I have an owner occupant mortgage. One unit has tenants I would like to keep (it is much larger and draws much better rents). The other unit is occupied by a tenant that has been there for years and is paying 150% or more less than market rates for rent. As far as I can tell this tenant has a handshake agreement at this point with the landlord prior to me. 

Given that I need to live in the home legally, I am planning to move into the smaller unit that is currently brining in the under-market rents. Any suggestions as to a process for "terminating" the lease or giving notice to vacate? 

Any suggestions, adhering to Michigan law is greatly appreciated. 

Thank you for the replies! I'll have to look into the licensed properties a bit more carefully.

Good Day Everyone!

I am a new investor looking to buy a college rental in East Lansing, Michigan. I have analyzed several homes in the area and know the neighborhoods I am interested in. I am wondering if anyone in the BP community has invested in the East Lansing area using a real estate agent, and if so, is there an agent you would recommend working with?

Thanks!

Michael