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General Landlording & Rental Properties

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Jake Marinko
  • Rental Property Investor
  • Chicago, IL
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Keeping tenants after purchase?

Jake Marinko
  • Rental Property Investor
  • Chicago, IL
Posted Jul 13 2020, 21:51

Hello BiggerPockets community!

I am new to rental property investing (looking to buy a multi-family unit in the coming months). I have been doing some research and the consensus I found is to not keep current tenants when you purchase a rental property. Do you agree with that?

I am planning to buy a multi-family and living in one unit. If the Cash-On-Cash return is adequate with the current tenants, is it a good idea to keep those tenants if I am not rehabbing those units? Or is it best practice to start fresh with tenants once you buy a property?

Thanks in advance for your opinion!

Jake

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