Best way to introduce new owner (me) to legacy tenants?

Best way to introduce new owner (me) to legacy tenants?

Investor · Los Angeles, CA · Member since 2017 · 43 posts · 9 votes

My wife and I just closed on a condo in Albuquerque. There are legacy tenants, paying below market rents, in the unit for the next two months. I want to both introduce ourselves to them and also highlight their upcoming end-of-lease date. I was going to send an email to them but am wondering what's the best way to word this. 

Thanks!

Paul O

1Reply
38 views

Most Popular Reply

Brad HammondBusiness Member
Real Estate Agent · Portland, OR · Member since 2016 · 1k+ posts · 605 votes
5y

Hey @Paul OBryan, congrats on your newest purchase!  I would send your tenants an email as well as mail them the same letter.  you will want to give them your contact info and tell them where to pay their rent.  I would wait and send a separate email reminding them their lease is almost up.  

See this reply in the discussion

5 Replies

Jump to latestLatest
  • Brad HammondBusiness Member
    Real Estate Agent · Portland, OR · Member since 2016 · 1k+ posts · 605 votes
    5y

    Hey @Paul OBryan, congrats on your newest purchase!  I would send your tenants an email as well as mail them the same letter.  you will want to give them your contact info and tell them where to pay their rent.  I would wait and send a separate email reminding them their lease is almost up.  

  • Investor · Los Angeles, CA · Member since 2017 · 43 posts · 9 votes
    5y

    Thanks, Brad. I really appreciate your comprehensive answer.

  • Investor · Houston Texas · Member since 2021 · 54 posts · 35 votes
    5y

    @Paul OBryan

    If you are able to, I would go visit them in person. Makes it easier when they have a face to put to a name. Chat for a while, check out the property and be on your way. Send them a follow up email and letter In the mail with your contact info. Give it a little while then send out the reminder on lease.

    Btw congratulations on your purchase!

  • Real Estate Broker · Rochester Hills, MI · Member since 2009 · 2k+ posts · 2k+ votes
    5y

    If you are local go knock on the door.  If not answer leave a packet of information for them including who you are, where/how to pay, how to contact you, how to submit work orders etc.  Once you have all of that data you can also text/email it to them.  But a good ole knock is best.  

  • Investor · Los Angeles, CA · Member since 2017 · 43 posts · 9 votes
    5y

    Thank you, @Sam Collins and @Scott M.

    I appreciate your feedback. We are not local, but my wife already met one of the tenants during a earlier walk-through. Great advice on info to include in a letter & email to them. 

    Paul

Join the conversationCreate a free account to reply, vote on answers and follow this thread.