Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Purchasing Self-Storage Facility with Tenants
I am in the process of purchasing a self-storage facility that currently has tenants. Does anyone with similar experience have any recommendations for what I should do i.e., handling the assignment of rents from the seller to the buyer? I understand I should send a letter notifying the current tenants of the property transfer, but is the assignment of rent revenue handled mostly in the purchase contract between the seller and buyer? Any other suggestions when buying self-storage facilities?
Kindly.