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Savage Tenants | Natural Turnover vs Eviction
#1 Classifieds Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Savage Tenants | Natural Turnover vs Eviction - This Is #HoltonWiseTV (Highlights)
A very profitable real estate investing strategy is to buy rental properties from tired landlords. Tired or even distressed landlords are often ready to sell their investment properties because they are sick of dealing with tenants, toilets and trouble. What do you do when the rental property you bought has inherited tenants who are less than ideal? Perhaps these tenants are paying below market value rents? Maybe these tenants are dirty, messy or even savage? Does it make sense for the new owner of the property to evict these inherited tenants immediately? Does it makes sense for the new owner to raise these inherited tenant's rent? Or is it more profitable to let these inherited tenants stay in the property and continue paying their rent even if the rent is lower than market value?
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