Updated over 3 years ago on . Most recent reply
What to do with tenants during major renovation?
I recently purchased an apartment complex with 7 buildings and 16 units. These units requiring extensive renovation, due to many years of maintenance neglect. 6 of the units are occupied with tenants. These tenants are not under a lease and paying month to month. Should I ask the tenants to vacate the units, while the complex undergo a major renovation? Your recommendation/response is greatly appreciated.
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If 10 units are vacant, why not start with those? Then get the 6 existing tenants to move into one of the new units and then renovate the last 6 unites. Do not even try to do renos while tenants are living in the property. It will take way more time and there will be more problems.