Big Easy Real Estate Notes
by Frank Rubi
www.7824.com
How to handle a Rental Property Sale
Tenant Concerns
When I sell a property I send a type written letter to all the tenants. This letter will include the following information:
- The new owner name
- Contact information of the new owner
- What has happen to their deposits
- Copy of their rental agreements
- Where to mail their rents to.
This can become a big problem in a transition phase, transfer of ownership. I make it a point to go with the new owner to introduce them to each tenant. I also make it a point to ensure that each tenant know that their rent are going to stay the same. The second most important issue the tenants are concern with is their deposits. I also remind the tenant if they have any questions to call or email.
If you want more information on rental property contact me @ Frank@irentproperty.com.
