Good morning, East Coasters!

[kap]

It's 4:46 AM here. I should be :zzz: but something keeps me awake: Landlord has just informed me that the duplex unit we are in will be on the market. However, as part of the sale she will ask the buyer/new owner to let us stay here for a couple years. This will be our fourth move within 5 years

Edit: the ZZZ smiley; not the drinking one.

[pinion]

You should buy it.

[kap]

pinion wrote:
You should buy it.

It's a decent neighborhood and quite safe area I must admit. However, the complex was built in the 50s and its old galvanized plumbing has been problematic for all 4 units. If we could we would rather own small 2 bedroom/1-3/4 bath cottage.

[rz]

We bought a rental house several years ago, and the tenant in the garage apartment stayed until a few months ago, when he was transferred to a job in another state. I would think that with the housing market the way it is now, any new owner would probably be happy to keep existing tenants.

[kap]

rz wrote:
We bought a rental house several years ago, and the tenant in the garage apartment stayed until a few months ago, when he was transferred to a job in another state. I would think that with the housing market the way it is now, any new owner would probably be happy to keep existing tenants.

We have always been very good tenants except for the latest one. She'd been a squatter (refusing to pay rents) for the past 6 -7 months until the whole messed was fought out in court. It's been settled (whatever that means) but it incenses the landlord enough for her to put the entire complex of 4 units on sale in a hurry!

[decay]

it seems as though tenants, even non-paying bad ones, have more legal protection than landlords.

gives one pause.

[NewtonMP2100]

....what kinda' PAWS.....cat PAWS......???

[mrbigstuff]

do not buy a condo

[kap]

mrbigstuff wrote:
do not buy a condo

I took that advice from a buddy of mine to the heart. Our starter home was a townhouse. The second one was a turn of the century home, which cost us a bundle to maintain and upgrade. I should have listened to my instinct to get a cottage instead but the market was high. We got out of the whole housing market just prior to its peak and crash. Been renting ever since. Not sure about other areas but here in So CAL there has been lots of moving.

[steve...]

This happened to me about fifteen years ago. My landlord had to raise the rent in order to justify the selling price and the realtor would bring in people to see the place with only a few minutes notice. I remember once when I was in the bathroom, he let himself in along with some prospective buyers without a warning. I was NOT a happy camper and told him so.

The new owners were great people and I lived there another nine years before moving.