Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

3
Posts
10
Votes
Jackie Arrondo
10
Votes |
3
Posts

Inheriting Tenants on House Hack First 3 Unit Multi (RI)

Jackie Arrondo
Posted

Hey Everyone!  Looking for some guidance as I am closing on my first investment property in RI that I'll be housing hacking. All units currently occupied, on month to month that haven't had paperwork since about 2017, and 1st/2nd units under market rent. Closing date was July 20th with the second floor unit (least qualified tenant/way under market) being vacant at closing.  Initially pushed closing out to this late b/c knew tenant would have to relocated.  However, there have been new developments and I am looking for some input:

  • - My realtor contacted me yesterday saying that the 1st floor tenant would be moving (mother to second floor tenant).  No problem, I would go in and complete the renos needed on 1st floor and live in 2nd unit.
  • - THEN found out the 2nd floor tenants apparent housing that was lined up fell through AND 1st floor not moving until July 31st. Thus seller's agent asking if I would push closing, move into 1st floor unit, and allow current 2nd floor tenant to stay.  This tenant has a dog & cat - I am not allowing pets nor does my home insurance. 

Trying to figure out best way to handle this situation and would appreciate any feedback/input! 

Thank you in advance.  I truly appreciate it! 

  • Jackie Arrondo
  • Most Popular Reply

    User Stats

    1,579
    Posts
    1,015
    Votes
    Matthew Crivelli
    • Lender
    • MA
    1,015
    Votes |
    1,579
    Posts
    Matthew Crivelli
    • Lender
    • MA
    Replied

    It's going to be tough to force anyone to move. Rhode Island is still in a state of emergency, in the middle of a housing crisis and is a tenant state. i would do my best to make it work with them, if they get a bad taste in their mouth they could just stop paying and eviction could take forever. 

    business profile image
    Freedom Capital Funding, LLC
    5.0 stars
    21 Reviews

    Loading replies...