About this episode
Buying a property with tenants in place? It can be a great deal — or a massive headache if you're not prepared. In this episode, we break down everything buyers need to know before purchasing a tenanted property. From eviction rules to negotiation strategies and crucial contract clauses, we cover real stories, expert tips, and hidden risks that could impact your next investment or home purchase.✅ Whether you're a first-time buyer or seasoned investor, thisepisode will help you protect yourself and your money.************************0:24 – Intro1:24 – Buying tenanted properties: risks & considerations2:24 – Market trends: Why so many properties are tenanted or vacant5:19 – Negotiating leverage & making clean offers6:31 – Why tenanted properties attract fewer buyers= opportunity7:07 – Offer strategies to secure a better deal10:18 – Standard vs. customized clauses to protect buyers11:11 – How we negotiated $50K off a tenanted property12:32 – Landlord tip: File eviction notices & L2 forms ASAP15:13 – Why lease agreements & due diligence matter16:56 – Are tenanted properties good for first-time buyers?18:25 – Spotting desperate sellers & hidden deals19:08 – Outro/recap************************Want more real estate podcast discussions?Watch it here: youtu.be/uLhNb8fdHt4Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21kCatch clips and highlights of the show here:http://www.instagram.com/kormendytrott************************Our Social:Instagram: http://www.instagram.com/kormendytrott
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