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Updated over 9 years ago on . Most recent reply

User Stats

222
Posts
35
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Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
35
Votes |
222
Posts

Existing tenants lease is up

Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
Posted

Existing tenats lease is up , my proptery is in oak park Michigan , should I just renew their lease or should they go through the screening process 

Most Popular Reply

User Stats

142
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46
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Cory Mccarthy
  • Investor
  • Fenton, MI
46
Votes |
142
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Cory Mccarthy
  • Investor
  • Fenton, MI
Replied

@Tereal Wilsonn, is this a tenant that you inherited while buying the property recently or one that you originated with a year ago?  If inherited, I would screen thoroughly, get application, the whole works as if completely new.  If you placed tenant a year ago or so, did you screen well at that time?  If so, I would think you can just extend unless you have reason to believe that their situation has changed significantly in the last year.  Just my two cents as i am far from an expert.  Good luck to you!

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