Acquired my first duplex with a rental lease in place.
BP,
I’m in currently in escrow on my first duplex. Currently the property is managed by the renter who is the brother of the seller. Both tennnents have an existing lease. Since I live out of state I will be hiring a management company.
Since the tenants are still under their existing lease will I need to let the existing lease expire before the management company executes a new lease?
Thanks,
Rigo