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Updated almost 11 years ago on . Most recent reply

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24
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10
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Sam McClellan
  • Oakland, CA
10
Votes |
24
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newbie question on viewing a tenant-occupied multifamily

Sam McClellan
  • Oakland, CA
Posted

Hey all,

I found a tenant-occupied triplex and made an offer "subject to inspection" without actually viewing the property (besides from the street). The seller , without accepting the offer, responded by setting up an appointment to properly view the place.

Since this will be my first-time viewing a property that is tenant-occupied, I thought I'd see if anyone on BP had any advice on what I should look for, what I should ask about, or any other general advice from someone who's been in this situation before.....

thanks.

Most Popular Reply

User Stats

24
Posts
10
Votes
Sam McClellan
  • Oakland, CA
10
Votes |
24
Posts
Sam McClellan
  • Oakland, CA
Replied

Thank you all..

I'm actually not in contract yet, but if everything goes right hopefully I will be soon. What I will be doing....

1. finding a property manager to come along and provide professional insight

2. looking at the condition of the interiors

3. requesting the rent roll from the seller

4. asking tenants if they have any issues

5. asking tenants if they plan on staying after their leases run out

6. looking for evidence of pets

One again, I really appreciate you all taking the time to help out a beginner!

This is very valuable to me

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