Updated over 7 years ago on . Most recent reply
Inherited tenants
I have 2 rentals under contract with paying tenants. They are month to month with the current owner. The rent is $150-200 under market, but it needs updating and small repairs. Should I give a vacate notice to 1 tenant, fix it up, and increase rent with a new renterm Then do the same with the second tenant. Or should I continue to let them stay there at the current price without doing any updating/repairs and wait until they decide to move?
The second option sure would be the easiest.
Most Popular Reply
I would up the rent to Market rent and if they stay Great, if not then you can remodel