I inherited a property in a developing country (Brazil) about 3 years ago which is currently being rented out. I depend on the rent to pay for my grandmother's care home and although I still have to top up her bank account with my own money it helps with the majority of the expenses..
The lease is running out early next year. Last time it was empty it took me over a year to find a new tenant. I had to pay for the apartment complex fees, which are quite a bit (for 24/7 security guards, pool etc.) , but also for my grandmother's care.
I have tried to ask the current tenant if she is interested in renewing her contract for another 30 months (standard in BR) once this one runs out but she has not been able to tell me...I am thinking of putting said apartment on the market now but I am worried it might want to make the current tenant leave prematurely...if I don't do this now however, current tenant might still leave at beginning of the year and I will have to pay for everything from my own pocket which will be very difficult...
Wondering what people's thoughts are...?
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source https://www.reddit.com/r/RealEstate/comments/utqorl/needing_some_advice/
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