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
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 10 years ago on . Most recent reply

User Stats

42
Posts
19
Votes
Earl McFarland
  • Investor
  • Berthoud, CO
19
Votes |
42
Posts

Existing Tenant Lease

Earl McFarland
  • Investor
  • Berthoud, CO
Posted

I'm a real estate investor in Northern Colorado.   This is very tight market when 2-4 unit multi family, townhomes, condos do not stay on the market for more than a few days.   A lot of these properties already have an existing tenant.  Although the due dilgence period allows review of the existing lease and application, it's only as out clause and generally you have to either pass or accept the existing tenant and lease until the renewal.   

My question to my fellow network of RE investors, how do handle an existing lease?  Especially if it doesn't come up for renewal 6 or more months after purchase.   Appreciate your comments and reposes.  

Loading replies...