Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Multi-Family and Apartment 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 6 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
J. Jake stone
  • Cleveland
0
Votes |
1
Posts

Purchasing a occupied property outstanding water sewer bill

J. Jake stone
  • Cleveland
Posted

 Interested in purchasing a duplex occupied currently with tenants what is the best process /way to proceed 

Talk to the my real estate agent  he says there’s no information available on the tenants-what is the best way to go in this situation how do I find out how much the outstanding water bill is I see the taxes are behind about $1800 

 He advises make an offer with proof of funds subject to the inspection my question is what’s the best way to come up with that number without knowing these other variables 

Thanks 

Most Popular Reply

User Stats

527
Posts
510
Votes
David Lee Hall, III
  • Rental Property Investor
  • Pittsburgh, PA
510
Votes |
527
Posts
David Lee Hall, III
  • Rental Property Investor
  • Pittsburgh, PA
Replied

You can check with local property managers if you have any relationships and often they can give you ball park numbers for other variables you can't get hard numbers on. For utilities, if I know the provider I will often call and see if they will provide numbers for either the property (less likely) or the area in general. I wouldn't go into any situation with a tenant present without having a copy of the lease(s) and a signed estoppel cert for each tenant. You can make sure those requirements are in your contract if offering. Just as an example, you don't want to find out that they had some handshake agreement with the seller saying the only paid half of what was on their lease listed because they cut the grass and took out the trash. 

  • David Lee Hall, III
  • Loading replies...