Episode 11: Inheriting Tenants with Your New Rental Property? Here’s What You Need to Know.

posted on : May 29, 2023 0 Comment

A gold-colored background states the title "Your Landlord Resource Podcast, Inheriting Tenants with Your New Rental Property? Here’s What You Need to Know, Episode 11". There is a picture of a microphone and photos of the hosts, Kevin Kilroy and Stacie Casella

Listen On:

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.