These days it’s hard to evict for non-payment (and we don’t know if they’re going to extend the bans) but evicting a holdover tenant after termination is different.It’s always a good idea if you can try to meet with the tenants after you buy it and get them on your lease, which lets you make any changes like switching to month to month, adding that tenants pay legal fees if you’re successful in an eviction, and anything else you want.Sooner or later you’ll need to use an eviction attorney so it’s also not a bad idea on my opinion to establish a relationship with one before you need them for an eviction.

I have in my lease that guests of tenants are allowed to stay no longer than 14 days. My tenants’ parents visit occasionally from out of the country and stay for a few months at a time. They’re asking me to revise thi...

I have in my lease that guests of tenants are allowed to stay no longer than 14 days. My tenants’ parents visit occasionally from out of the country and stay for a few months at a time. They’re asking me to revise thi...

Even STR guests have extended rights due to rules put in place during the pandemic.

The acquaintance is out of state (where he owns another house) for an extended period of time and is allowing us to stay.  

Besides the rental market being strong, the Bernalillo CARES Act website just extended their online application process thru December, so even existing tenants that are having difficulty with job, rent, or utilities can get aid. 

It was being used as an extended family for the last 4 years, one unit will start renting out at the beginning of 2021.

It assures me that they aren’t over-extending themselves into a living situation they can’t afford and it’s brought me even more peace of mind than the 1st&last’s security deposit ever had while making me happy to invest my time & money assisting the family w/ tailoring the unit to their needs (mounting tv’s, making minor repairs to squeaky floors, sticky cabinets, childproofing, etc) so they don’t attempt to try their hand at amateurly repairing things themselves which always makes things worseThe increased fee has made me rationalize the time/cost investment of time while also strengthening the  relationship & respect (both ways) than I’ve had with the average tenant. 

@Brianne BalogaPartnership returns are normally due March 15 with the possibility to extend to September 15.

For cold belt states with extended extreme winters this is bad news.