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:

1. Immediate rental income
2. Established rental history
3. Reduced vacancy risk
4. Low turnover costs

Cons of Inherited Tenants:

1. Maintenance
2. Compatibility issues
3. Rental agreements and lease terms
4. Unknown tenant background
5. 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:

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