Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

98
Posts
127
Votes
Michael H.
  • Investor
  • Kennesaw, GA
127
Votes |
98
Posts

Sending introduction letter to new tenants.

Michael H.
  • Investor
  • Kennesaw, GA
Posted

I'm about 2 weeks from closing on a 3 duplex deal. The other real estate agent has been a real pain to deal with this entire process, mostly due to her extremely slow response time (to the point where I think she's sandbagging on purpose to run out the clock on some dead lines). 

We wanted to send an introduction letter to the new tenants explaining who we are and giving them a heads up management would be changing. Along with the introduction, I created a tenant information sheet that just asks for basic info (name, phone number, email). The other agent / current owner will not, or can not, provide us with anything more than the names of current tenants. The tenants are currently mailing checks to pay rent, but we want to set them all up for electronic payments and I need their email to send them an invite to TenantCloud.

We let the other agent know that we are planning on sending this letter and she said she doesn't think the current owner would appreciate that. Her phrasing makes me wonder if she even asked... So the question is, is sending an introduction letter / info sheet going to create any kind of legal issues? or is she just going to be butthurt? I only care about one of these outcomes. 

Thoughts and ideas are greatly appreciated.

Most Popular Reply

User Stats

2,206
Posts
1,251
Votes
Replied

@Michael H. Do you have copy of the leases? You will have to honor any agreement. Do you have an estoppel agreement signed by the tenant and verified by the landlord that everything is correct. Monthly rent, deposits, any verbal agreements, etc. 

If I owned this property I would not want you contacting my tenants. There is always a chance you won't close. When you close you can then send your letter.

Loading replies...