All Forum Posts by: Gino Exantus

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Gino Exantus has started 2 posts and replied 6 times.

@Jaysen Medhurst this is a long term rental. By closing one door this property can turn into two units of 2/1 boft side renting for $1000

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*This link comes directly from our calculators, based on information input by the member who posted.

3 Votes

Originally posted by @Mark Albini:

This is a business after all and we need to keep emotion out of it. If you purchase the property, you have to follow tenant's rights based on your state law. But I would give them an option. To either sign a lease (minimum) at a slightly discounted market rate, or time to move on.

Potential problems is eviction during corona and any rehab.

Thank man

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Thank you sooo much for the advice and insights. Appreciate it so much.

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Thanks so much 🙏🏾

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Hey guys, so I’m considering purchasing my first duplex in Florida. When I went to visit the property I was I noticed that one of the units is currently being occupied by a tenant that has been living there for 9years on a month to month basis. I also noticed that the tenant is paying way below the average rent rate. The other unit that is not occupied was recently repaired and updated but nothing was done to the occupied unit .

I’m kindly asking for any advice on what I should look out for? If I were to increase the rent, what possible problems could arise? If I do not intend to keep the tenant who has been living there for 9yrs, what problems could I expect?

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