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Updated almost 2 years ago,
Recouping Outstanding Ledger after sale
Hello! Grateful to you all for the advice:
We are about to list a 4unit. At time of closing, how do we recoup any outstanding ledger balances from our tenants? Once we close, it's no longer ours, any money coming in goes to buyer. We're talking not much - maybe 1000, 1500 total on the property. As a buyer, I wouldn't want to cover a tenant's expenses in the hope I can recoup them after sale, either. What do you suggest?
Thank you!!