Re: New Property with Tenants - Landlord Forum thread 344643

Re: New Property with Tenants by MTR (WI) on April 25, 2016 @18:35

About 6 months ago I had the same situation. I gave them a letter the first day with our contact information, payment information, and the contact information I had for them. I asked them to verify it, and that is important. The old LLs at our place gave the tenants incorrect information for us, so it's important you let them know this is the official version.

We also did a number of needed repairs, and have now started raising rents, but they had a good 4 months to get to know us and that we'll at least get things fixed that need it. I didn't get any resistance with the increases, so if you can hold off a few months, it might be better.

I would also let them know right away that you mean business. Contact them right away if there's a late payment, or any other problems (one tenant tried to sneak a cat in. I probably would have let him keep it, but he didn't clean up properly). If you're new to the business, don't let them know.

[ Reply ] [ Return to forum ]