“Please Do Not Disturb Tenants”

[Chris Borunda]

Hi All,

I’ve noticed a decent number of multi family units that are listed for sale on Zillow or Redfin etc will have all of two exterior pictures and then a very brief description of the units themselves and then say “Long term tenants. Please Do Not Disturb Tenants.” Does anyone have any experience in purchasing these types of properties? Is this a big red flag? Any thoughts or experiences would be appreciated.

[Jeffrey Edwards]

I don't think this is a red flag.  It's quite common here and landlords just post that out of courtesy.  They most likely don't want to freak the tenant out by signaling the property is for sale...sometimes the tenant might feel that with a new owner, they are going to have to move or rent will be raised etc.