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Updated over 4 years ago on . Most recent reply

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Elizabeth Harte
  • Rental Property Investor
  • Phila, PA
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Buying new property with existing renters

Elizabeth Harte
  • Rental Property Investor
  • Phila, PA
Posted

If you purchase a property with renters, a lease and property management company already in place, what can you change?

Can you change the property manager?

Is there any way to get new renters?

Who gets the security deposit, if the place needs work?

What complications might arise form this situation?

Most Popular Reply

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Drew Sygit
#2 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
6,047
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9,331
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Drew Sygit
#2 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
Replied

Review the leases and rent ledgers before you buy!

Sellers play games all the time to make their property appear favorable to increase the sales price.

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Logical Property Management.
3.0 stars
2 Reviews

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