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Updated over 6 years ago on . Most recent reply

Account Closed
  • Youngsville, LA
10
Votes |
74
Posts

Do you trust the rent rolls from the previous landlord?

Account Closed
  • Youngsville, LA
Posted

I'm just starting out. I have an offer on a duplex. 

I'm set to receive the rent rolls and lease agreements.  What steps did you take to verify the information? Did you bother with estoppel agreement?

Were there other steps you took during the diligence period?

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Will Gaston
  • Rental Property Investor
  • Columbia, SC
2,213
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Will Gaston
  • Rental Property Investor
  • Columbia, SC
Replied

@Account Closed I like to talk to the current tenants during the home inspection. 

My favorite thing to ask is "So what can you tell me about the place?" and then I shut up. When they finally stop talking I'll say "Really? What else?". 

Many will tell you more about it than you would ever imagine.

Getting additional info from the owner is helpful but getting it from the tenants is almost always more enlightening (and truthful).

  • Will Gaston
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