Buying property with existing tenants

[Audra Blake]

I’m currently living in a duplex with the other side empty and undergoing renovations. The current landlord is planning to sell the property soon.

As a prospective new owner, how likely are you to keep current tenants if they have been endorsed as good renters by the current owners?

I know the other side will likely still need some repairs and updates, so I’m hoping most prospective landlords would be glad to have one side already occupied by a good tenant. Just wanted to see how a landlord would feel about it.

[Matthew Masoud]

Quote from @Audra Blake:

I’m currently living in a duplex with the other side empty and undergoing renovations. The current landlord is planning to sell the property soon.

As a prospective new owner, how likely are you to keep current tenants if they have been endorsed as good renters by the current owners?

I know the other side will likely still need some repairs and updates, so I’m hoping most prospective landlords would be glad to have one side already occupied by a good tenant. Just wanted to see how a landlord would feel about it.

 If you're at or near market rent and a good tenant, I wouldn't worry too much.

If you're way below market I'd anticipate a rent increase.