How long have they been there when do the leases run up an do they plan to renew.

I like your clause in lease a nd am sorry i did not include that in mine,but I definately will come lease renewal time!

I'm considering offering each side $50 if they renew for another year.

I've walked away from deals with better cash flow on paper, but what sold me was the existing tenants (the purchase was contingent upon the tenants renewing for 1 year from the closing date).

I could spend 3-5k on each of the upper 4, the 2 lower units are not even close to ready, flooring cabinets ect.Owner drops other shoe: The commercial lender has decided to "Not renew smaller property loans" (As per owner)He has received a "Foreclosure notice" yesterday, He also mentioned the bank did an "Environmental exam" a few days ago.He owes $258k on the property, an educated guess tells Me it will appraise between 175k-225k depending on who wants the appraisal.I know most would run away and I may do that.

If I am doing that, why not update and command higher rents, leading to tenants staying longer and renewing more.

For good tenants, I have them renew lease for another year at the end of the lease period.

To make a good story better they did not renew the lease after the 10 years.

A judgment can be renewed and hopefully down the road they get straight and thats when you can get some of your money.Lefty

It might just be this area of the country, but when several of my leases renewed last fall I was able to get about an 8% increase.