Investor · Morgantown, WV · Member since 2016 · 7 posts · 2 votes
I know what I do/have done, but I'm curious to hear how some of you handle introducing yourselves to tenants inherited via purchase. Do you send letters? Call? Knock on the door? Or all of these. Please share, thanks!
No technology can make up for being genuine. Put yourself in their shoes, would you want someone to use gimmicks on you, or just introduce themselves and explain the situation? Don't over think it. Put the gadgets down and interact, you'll be glad you did.
Seems like we have separate trends of thoughts, either to be open and truthful, or be strategically concealing, depending on a few factors such as tenants stature, portfolio size, etc.
Out of curiosity, does this thread solely address investors living separately from their investment property with inherited tenants?
What about the case where the owner himself occupies one of the units in the same MFH where the inherited tenants live? In such case, would there be an advantage in hiding oneself from being exposed as being the owner?
The answer may be biased depending on the size of the MFH. For example, if a 2 unit, I can well envision being transparent and live in harmony with the tenant. But how about a 5 unit, 10+ unit, etc.