There are loads of paybacks to purchasing an investment property with current tenants.  One will start making rental proceeds from the settlement date of the house, and need not bear the costs of marketing the property to tenants – not to mention you can escape the aggravation of looking for a new property manager.

But buying a house that comes with its own tenants can also have its disadvantages.

Your responsibilities towards your tenants:In case the occupants have been there for an extensive period and the house is in decent condition, you will be quite sure that the occupants have had a good rapport with their landlord.  However what if you’re not content with the occupants of the house you’ve bought? [Read more...]