In this video, I will review whether it is always time to celebrate when you learn that the property that you are interested in as a rental has a tenant. Well, the answer is “it depends.” It is true that there are advantages to buying a property with existing tenants.
[0:57] Some advantages of buying with existing tenants
[2:10] How it may be worth it end leases for tenants paying below-market rent
[3:10] How inheriting tenants approved with lax screening criteria cause headaches
[4:45] Challenge of completing repairs with tenants living in a property
[6:24] Devil you know is not always better
[7:00] Honoring leases
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.