Are properties with old/previous tenants leasing good idea?

[Athita Covington]

We’re brand newbie about to close a deal on Our first property that was a rental and already have old/previous  (long time) tenants on the lease. Is this a good idea ? Any pros and cons?  please give us some advice. We’re super duper nervous! Thanks 😊 

[William P.]

I only have one duplex so far and I inherited one tenant with that. It has overall been a good experience as they were there for some years and have been pretty grateful with a new owner whom is looking to improve the home and has more modern ways of communication/rent with cozy. If the tenant is paying their rent, is not wrecking the home or other unwanted behaviors why not have them there? Along with this, is depending on their current lease, you will most likely need to keep them there for at least 30 days or longer. Rent adjustment may be a consideration compared to the last lease agreement, but that can be changed over time, a long term tenant is more important than that potential 50 dollar difference per month right now.