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Updated over 4 years ago on . Most recent reply

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Eleazar Aragon
  • New to Real Estate
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How do I find out if existing tenants are paying rent?

Eleazar Aragon
  • New to Real Estate
Posted

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

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Mack Benson
  • Rental Property Investor
  • Woodbury, MN
299
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299
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Mack Benson
  • Rental Property Investor
  • Woodbury, MN
Replied

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.

  • Mack Benson
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