One day I get an urgent text message from our tenant that one of the trees is on its side leaning and wanting to fall into the neighbors home!

This tenant has paid $3900 or more for the option to purchase the property within a 3-year timeframe so they are often a more invested tenant compared to the average tenant

We're underwriting all my single tenant industrial to an 8 cap exit right now.

With the new landlord/tenant ordinance that allows the tenant and extended amount of time to renew, this has encouraged prospective tenants to lock in leases for Fall 2022 term starting as early as last November.

Sometimes the property is owner or tenant occupied.

Here's BIG concerns:1) Tenant has been there for 25 years - that's a crazy amount of time2) Rent is 27% below market - why is he giving this tenant such a big break?

Any insights on rental demand, tenant turnover, or local regulations?

Have you ran this by your landlord/tenant attorney?

Learn local landlord-tenant laws, FHA and VA loans, and property management software to streamline rent collection and maintenance.

I started to notice some issues early on when I tried to get some new tenants screened and signed up.