Thoughts on Inheriting Tenants

[Anthony Siconolfi]

Hi all,

I am evaluating student housing in upstate NY and would like to get ahead of any scenarios that involve inheriting tenants. Recognizing that a situation like this would have both pros (no vacancy) and cons (less control):

- Are there any considerations to made for the screening of current tenants when a property changes hands?

- How often do situations like this arise? What is the best and worst case outcome? 

- From a risk perspective, can inheriting tenants turn a 'go' into a 'no go'? 

Thank you all and happy Tuesday!