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Well it’s legal to own guns in most states, so that’s not something you should be worried about. The aggressive behavior isn’t uncommon because most tenants see an ownership change as a sign that rent is going up. Which is probably true. How long has the tenant been there? How close to market rent is their current rent? How has their payment history been?
Do you plan to inherit the tenants? Or ask that the triplex be delivered vacant at closing? If you plan to inherit, I’d ask for the background check that was performed on the original tenant. If none was performed, I’d request a background check as a condition of closing.
So I just heard back from them and my agent is saying that since the lease is ending in July, we can go ahead with closing, but the possession, I can take after the lease ens in July. Do you know if this is a good option?
Smells like a red flag. Unless it’s a great deal I would probably just walk away. Dealing with crazy tenants can be a nightmare scenario
It is in Ohio, so definitely a landlord, friendly state
If you are buying a triplex, those are the tenants you will get. There is a reason why it has great cashflows.
Nonsense is the question you are asking. What I described is the reality.
No, I would talk with the seller (or agent) and explain that you will pull the offer if you cannot review the property. Next, I would ask about the leases. If they are month to month, buy the property and you can non-renew. Be sure to assess the climate in the area. Are units renting at the same rate? Higher? If so, why? If it requires rehab, then you may need to float the payment until you rehab the unit.
So I just heard back from them and my agent is saying that since the lease is ending in July, we can go ahead with closing, but the possession, I can take after the lease ens in July. Do you know if this is a good option?
No, end of the lease doesn’t mean they will vacate. The condition to sign should be that the property is empty.