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Re: New Property with Tenants - Landlord Forum thread 344511

Re: New Property with Tenants by MrDan (GA) on April 19, 2016 @23:10

                              
Congratulations on your purchase.

One thing to be aware of is that tenants see a new landlord to impose request for deferred repairs from the previous owner. You might find yourself facing some additional cost for repairs. If you proceed in raising the rent too soon, the tenants may vacate and leave you without income and still facing repairs or maybe worst.

Access you property by doing an inspection of the building, both inside and out so you know just what you would be facing.

The fact that you believe the rent is $100 under market does not mean that your rental property is up to par with others in your area. There is always a reason why rents are low.

Good Luck,
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