All Forum Posts by: Annie Ruffino

Looking for an appraiser recommendation in the Indianapolis area.  Need one that is reasonable and willing to consider my comps.

Thanks to you all for your responses, very helpful.  We made an agreement to have the tenants out before we close (too many red flags on them and reno will be easier).  The seller had already started the formal process of having them evicted so the 30 day notice had already started.  Closing could possibly be delayed but most likely not.

We just got under contract for a single family home with a tenant already in place. They've been on a month-to-month but it doesn't sound like there was a formal lease agreement (just a verbal).  We want to raise the rent and also do our own screening of the current tenants to see if we even want to offer them to sign lease agreements with us.  In this situation, I assume we would we still have them submit an application (pay application fee) so we can run background checks and all that stuff, then require the deposit, etc.  So basically, it's treated just like any other tenant-placing scenario, right?  It seems like a lot that needs to happen in a short amount of time because if we don't decide to sign a lease with them and/or they don't want to stay with the new rent and terms, then they'll need to be out of the house by closing (early February).  I get the feeling that they won't want to agree to our terms but I also feel like I should at least give them the chance if they check out after the background check.  Thoughts???