In-place tenant on month-to-month

[Anderson Bigate Nogueira]

Hello BP community! Want to get your opinion on what is the best strategy for this scenario:

- Buying a duplex in Dallas area with tenants on both sides (not transacted yet)

- They are living there for +5 years, and currently on "month-to-month".

-Rent are fairly below market (-30%), true the property need some love, want to upgrade the units and move up the rent

- Assuming eviction is the way to go after purchase (if other options feasible, please let me know). Give them some notice and time to prepare to move out, then upgrade the units.

QUESTIONS:

- How I can best position myself to run these evictions to upgrade the units?

- What could/should I negotiate upfront with current owner on that regard (if anything)?

It might have other solutions I'm not seeing... appreciate any insights on this scenario - thanks in advance!

[Joe Funari]

@Anderson Bigate Nogueira You may have your wording wrong here. Are both tenants not paying their rent? If so you will need to proceed with the eviction process. However, if both the tenants are current on their rent and are on a month-to-month lease you can give them 30 days notice to vacate. No need to get the eviction courts involved. But I wold recommend you do one unit at a time. Give one tenant a notice to vacate. Remodel that unit, and get new tenants to move in. Once they have moved in then give the tenant in the other unit notice to vacate and repeat the process. Two reasons to do this. One, you continue to have rental income while rehabbing one of the units. And for beginners easier to manage one door rehab at a time. Second, lessons learned from rehabbing one unit you will be able to apply to the other unit when rehabbing it. Hope this helps.