How To Deal With Tenants Living In Your Wholesale Real Estate Property
The majority of tenants out there are good tenants. They treat the Wholesale Real Estate property with respect and pay the rent on time. The tenants chose to live in that particular property because they wanted to live there, and most likely want to keep on living there. The seller is responsible for letting the tenants know that they intend to sell, and finding out whether or not they want to stay. If they don’t want to stay, they need to vacate at least 7 days before the deal closes. That way, you have time to clean up the property and get it ready to show to prospective renters the moment the deal closes. If the tenant wants to stay - the ideal situation - have a new lease drafted, effective the day your investment property is scheduled to close. If you like, go ahead and hire a property manager and have them draft the paperwork. Then they can familiarize themselves with the property and oversee all repairs from day one. And just like that, rent checks start hitting your mailbox with no work on your part!