Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

11
Posts
2
Votes
Armani Diaz
2
Votes |
11
Posts

Tenants DO NOT want to leave Need Advice

Armani Diaz
Posted

Hello, I just purchased a rental property duplex through wholesaler. We gave the current tenants a notice that we need them the evacuate in 30 days. We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents. Current rents are at $900 each unit =1800 once we refinance to a mortgage the mortgage will be from 2400-2500 total. Market rent is $1400-1500 for each unit. They have been in the property 20+ years and do not want to leave. The predicament we are in is the property is not in the condition to charge that much for rent and we would also leave a lot of money in the deal once we refinance if we cannot get in there to fix it up. Any advice for the situation would be much appreciated!!!

Most Popular Reply

User Stats

1,105
Posts
869
Votes
Shawn McCormick
  • Realtor
  • Orlando, FL
869
Votes |
1,105
Posts
Shawn McCormick
  • Realtor
  • Orlando, FL
Replied

Cash for keys!

  • Shawn McCormick
  • Loading replies...