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Updated over 4 years ago on . Most recent reply

How do I find out if existing tenants are paying rent?
I'm look at a duplex that have two tenants. 1 is month to month, and the other has 6 months left on the lease. With the stop on evictions, is there a way to find out if the tenants stopped pay the sell the rent? the property is in the Minneapolis area.
thanks a bunch.
Most Popular Reply

I would be sure to include a contingency in your offer that the tenants are paying and are current. If the seller is self-managing, and is a mom and pop owner, the only way I can think of to verify this is with the sellers bank statements. They can redact everything else so long as the dates and amounts show.
If the seller is using a property management company, that property manager should be able to provide you proof during your due diligence.