What to do with 80 year old tenant paying 1/2 market rate
I am looking to purchase a duplex as our first rental property. One of the units is currently rented by an 80 year old woman that has lived there almost 40 years. She's currently paying less than half the market rate. I would welcome any advice on how to handle the situation if we bought the property. Thanks.
Most Popular Reply
How do you know or assume that she can't afford market rent? Maybe the seller just never raised the rent.