Should they stay or should they go? Inheriting tenants!
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Four months ago, I inherited two tenants in two units about the same time.
I had a brief conversation with them while sign the new month-to-month lease under our names immediately after the escrow.
I checked around the properties condition on the same date. I waited one month to see if they pay rent on time.
Two months after close of escrow, I raised rent (from $650 to $800) to one tenant whom I want to keep. He is very clean, neat, and pay rent on time. He accepted my new raised rent offer.
I sent a 30-days move-out notice to another tenant whom I do not want to keep. Dirty, smoke inside the property, property has strong smell of cigarettes.
After the smoker moved out, I renovated and raised the rent (from $800 to $925), rent it to a high income high credit score, clean and neat tenant.
Keep it or not, depends if the tenant is your ideal tenants or not.