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Updated over 1 year ago on . Most recent reply
Buying multi-unit property with tenant in place
I am a newer investor in Michigan, I have an accepted offer on a duplex. There is a tenant living in one of the units and currently renting on a month to month basis. What is your process when you acquire an asset with tenants in place as far as background checks and anything else you would do?
Most Popular Reply
Michael Smythe
#5 Managing Your Property Contributor
Property Manager
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
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Michael Smythe
#5 Managing Your Property Contributor
Property Manager
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
@Andrew Freed the tenant has no contractual obligation to sign it and any attorney they hire would advise them NOT to sign it.
Then what are you going to do?
- Michael Smythe
Logical Property Management