Buying a Property with Tenants
Does anyone have any experience with buying a property that already has tenants living in the home? How did it turn out? What are some things to look out for? What are the pros and cons?
Most Popular Reply
@Anthony Green-Parker You first should ask yourself why a landlord is selling a property with tenants in place if they are good tenants. Ask to see the lease agreements and proof of payment for the last 6 months. Ask what was used to screen them. You don't want to get stuck with horrible tenants not paying rent, that were not vetted correctly from the beginning.