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Updated over 8 years ago,
Property Management Information
Hey all,
I'm in the process of buying a property that is occupied by 2 different families - one in the main house, and one in a converted garage.
After agreeing on the purchase price with the homeowner (who lives out of the area), they put a counter in the offer that I couldn't get the name and information of the property management company until *after* escrow closes. Is that normal, or does that wave a red flag?
I want to make sure the tenants get their deposits back in addition to a sum to leave the property in 30 days.
This will not be a rental property but a rehab and flip.
It seemed like a very odd note to add in the counter offer, and was wondering if anyone else had experience dealing with this.
Thanks in advance.