Episode 11: Inheriting Tenants with Your New Rental Property? Here’s What You Need to Know.
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Finding and purchasing a rental property that meets all your financial criteria so you can continue to scale your investment portfolio is challenging enough.
Now, add to it that you have new tenants to evaluate before following through with the purchase and the stress level can be overwhelming!
In is episode of our podcast we are discussing how to handle these existing tenants, also known as inherited tenants, that come with the purchase of a new rental property.
It’s a guide on:
- How to evaluate these tenants before you even make an offer.
- The processes you need to follow during Due Diligence. And,
- What is important to do for these tenants once the sale closes.
Due diligence being the most important of them all, we take a deep dive into the Estoppel Certificate. We discuss what it is, the benefits of using them, and who should be handling them.
LINKS
Your Landlord Resource 10-Page Guide on Placing Your Ideal Tenant
This FREE 10-Page Guide includes tips on:
➡️Setting Policies and Criteria
➡️Marketing Your Unit
➡️How to Vet a Tenant
➡️Pointers for Setting Up Your Lease
➡️Processing the Move-In Walk Through
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