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Updated about 4 years ago on . Most recent reply

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360
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Ryan Cleary
Agent
Pro Member
  • Real Estate Agent
  • Saint Lucie, FL
323
Votes |
360
Posts

Inheriting tenants, How do I know they are up to date on rent?

Ryan Cleary
Agent
Pro Member
  • Real Estate Agent
  • Saint Lucie, FL
Posted

Though I don't feel great about it, I am in contract for a duplex where one unit is occupied by a long term tenant paying under market rent.  Though I would love to close on an unoccupied property, in this circumstance I would like to keep the current tenants happy (I don't know... I am trying to be a good guy even though Ohio is very easy to get someone out).  

My only concern is that I want to be 100% certain that these tenants are up to date on all rents and that they are paying the amount told.  How do I cover myself here?

  • Ryan Cleary
  • [email protected]
  • 561-850-8229
  • Most Popular Reply

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    Remington Lyman
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    6,443
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    Remington Lyman
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    Replied
    Originally posted by @Ryan Cleary:

    Though I don't feel great about it, I am in contract for a duplex where one unit is occupied by a long term tenant paying under market rent.  Though I would love to close on an unoccupied property, in this circumstance I would like to keep the current tenants happy (I don't know... I am trying to be a good guy even though Ohio is very easy to get someone out).  

    My only concern is that I want to be 100% certain that these tenants are up to date on all rents and that they are paying the amount told.  How do I cover myself here?

     Ask to see bank statements showing the rent has been deposited into the landlord's accounts.

    • Remington Lyman
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    Reafco
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