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General Landlording & Rental Properties

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Kaybreh Mathis
  • Rental Property Investor
9
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70
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How Should We Proceed?

Kaybreh Mathis
  • Rental Property Investor
Posted Aug 3 2020, 07:50

Hello! My husband and I are set to close on 17 units tomorrow. I've been after them for the longest time to send me copies of leases and contact info for the tenants. I just received leases today, and most of them are expired and tenants are in month to month. So technically, they could all vacate tomorrow and I'd be stuck paying a mortgage with no rental income. Is it possible to bump back our closing date until I get some tenants to sign leases? How would you proceed from here? We're first timers and looking for advice!

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