Meet and greet with the tenants before closing a rental property

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
7y

There's no law against knocking on someone's door and speaking with them. Personally, I prefer not meeting my tenants because I don't want them calling me with drama or excuses of why rent is late. I like to keep it more professional and communicate in writing. 

I guess my bigger question is: why can't you wait until closing? Are you just excited to get started? Until you own the home, you can't do anything with the current tenants so it makes sense to wait until you're the owner.

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  • Stephen Brehm
    Member since 2019 · 3 posts · 1 vote
    7y

    I have a similar question (re: Can I meet tenants before closing?). My question is: If I am under contract to purchase a rental property that has no tenant, are there any strategies I can use to market the listing for rent prior to close in order to secure a renter? Can I show the listing to a prospective renter and indicate the soonest move-in date based on my close date?

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  • Mrinal Parashar
    OP
    Member since 2019 · 34 posts · 16 votes
    7y

    In one of the cases, where the property was vacant- the seller offered to list for rent and screen the tenants using his property management company. He even asked how much I wanted to be involved in the process.               

    This property the tenants are already there 2 have been there for 5 years. I am not sure if I can ask to meet tenants. 

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  • Jingru Sui
    Real Estate Agent · Atlanta, GA · Member since 2014 · 683 posts · 317 votes
    7y

    @Mrinal Parashar I don’t see why not?

    0Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    7y

    There's no law against knocking on someone's door and speaking with them. Personally, I prefer not meeting my tenants because I don't want them calling me with drama or excuses of why rent is late. I like to keep it more professional and communicate in writing. 

    I guess my bigger question is: why can't you wait until closing? Are you just excited to get started? Until you own the home, you can't do anything with the current tenants so it makes sense to wait until you're the owner.

    The DIY Landlord Book4.7247 Reviews
    WebsiteView Page
    2Reply
  • Dennis M.
    Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
    7y

    Wait till you close

    0Reply
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    @Mrinal Parashar  I would make sure the current tenants know who to pay the rent to.  Talk to the current owner/selling agent and show them the document you want to provide to the tenant.  Hopefully you've written things like getting a copy of the current lease, security deposits and prorated rent into your offer.

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  • Mrinal Parashar
    OP
    Member since 2019 · 34 posts · 16 votes
    7y

    @Theresa Harris I have asked for the lease- the prorated rent and the security deposits are already covered in the documents prepared by the lawyers for closing.

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