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Updated almost 4 years ago on . Most recent reply

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Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
141
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258
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How to tell if property's tenants arent paying due to moratorium?

Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
Posted

I'm getting close to closing on a duplex, and both units are currently occupied and the tenants are month-to-month.  One is a section 8 tenant and the other is not.  During my due diligence phase, one of the things I want to check on is whether I'll be inheriting non-paying tenants.  That would be a deal-breaker for me, obviously.

Does anyone know any resources for checking a property's tenant rent payment status, either specifically with regard to the current CDC eviction moratorium or (even better) in general, i.e. one which would simply show whether a tenant was in arrears for whatever reason (COVID-related or not)?

Most Popular Reply

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3,505
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John Teachout
  • Rental Property Investor
  • Concord, GA
3,251
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3,505
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John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

For an occupied property, you want to get estoppel letters prior to closing. This is where the tenants verify their situation such as whether they're on a lease or month to month, what rent they're paying, how much (if any) security deposit did they pay and so forth. If the estoppel varies from the information from the landlord/seller then that needs to get sorted out prior to close.

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