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Updated about 4 years ago, 10/29/2020

User Stats

53
Posts
21
Votes
Kavin Kuykendall
  • Rental Property Investor
  • Panama City
21
Votes |
53
Posts

Asking tenants if they plan to renew leases?

Kavin Kuykendall
  • Rental Property Investor
  • Panama City
Posted

Hey BP,

My wife and I went and toured an occupied triplex today. I am curious about what level of dialogue is appropriate with the current tenants before purchase? Some questions I had for the tenants as we viewed their units:

"How have you liked living here?"

"Are there any outstanding issues you wish to see resolved?"

"What would you like to see handled differently by your landlord?"

"Do you plan to renew your lease?"

Is this level of questioning appropriate from me, the potential buyer, when first touring but before under contract on a potential acquisition?

Thank you all for the value you bring me every day!

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