inheriting tenants... can i use "cash for keys" to get my tenants to leave early??

[Gavin Toomey]

Hi all!

My partner and I are looking to purchase a 4 unit in Pennsylvania. We would be taking on the BRRRR strategy, but the tenants just renewed their lease for a year. How can we work around this? Can we bribe the tenants to leave early with cash? Any insight is helpful.

Thanks!

[John Morgan]

@Gavin Toomey

You’re stuck with them for another year. And I bet they are staying for way under market rent. Good luck trying to get them out. I’ve bought 9 houses with tenants way under market rent. I left them all in there and slowly fixed them up and raised rent aggressively over the first 4 years. They’ve been great and it’s worked for me and them.