EP54: Inherited Tenants: Yay or Nay? With Amelia & Grace
Hi everyone, welcome back! This week we’re talking about all things inherited tenants: the pros and cons of each, plus our personal preferences on inherited tenants. This episode is an absolute must-listen if you’re entertaining the idea of purchasing any property where you could potentially inherit tenants. Let’s get started!
Pros of Inherited Tenants:
Immediate rental income
Established rental history
Reduced vacancy risk
Low turnover costs
Cons of Inherited Tenants:
Maintenance
Compatibility issues
Rental agreements and lease terms
Unknown tenant background
Limited control over tenant selection
If you are looking for more great resources on self-managing your rental properties, you can enroll in our Property Management Academy, to learn how you can save thousands of dollars year after year.
That’s all we have for you this week, friends. We’ll catch you in the next episode!
Resources:
Learn how to self-manage your rentals with our Property Management Academy
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