Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago,

User Stats

56
Posts
0
Votes
James W.
  • Real Estate Investor
0
Votes |
56
Posts

Property manager gave rent checks to previous owner!

James W.
  • Real Estate Investor
Posted

I recently purchased a commercial retail building which closed on 12/31/2012. It was a normal purchase using my broker and a standard AIR contract. I kept the original property manager to manage the building.

My february rent check came in at half of the january rent. When I asked why, the property manager said the tenant was behind on rent before the sale and the tenant finally made the payments.

My question is when you buy a property, do you automatically buy the accounts receivables? Or is it okay for the property to give the rent checks due before the sale to the previous owner?

Loading replies...