Inherited Property - Nonpaying Tenants
I recently inherited a single family home from my grandfather that has tenants whom have lived in this house for several years. My grandfather informed me that the tenants have not paid rent in seven months. Rent is $400/month therefore making them about $2,600 behind.
My question is should I even bother with having them sign a lease with me (currently they are month to month...actually living free) or start the eviction process? They were taking advantage of my grandfather because he is 90 years old. My theory is there is no better predictor of future behavior than past behavior. I have other rentals, but never had a situation like this. Looking for input. Thanks.