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Updated over 7 years ago on . Most recent reply

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9
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Mashy Green
  • Brooklyn, NY
0
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9
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How to check if the tenants actually pay their rent

Mashy Green
  • Brooklyn, NY
Posted

Dear BP community,

I am thinking to buy a fully occupied small multi-family house.

How can I actually check if the tenants are paying their rents?

Thank you all in advance,

M.G.

Most Popular Reply

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54
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18
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Sarah Ottesen
  • Real Estate Investor
  • Strawberry Point, IA
18
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54
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Sarah Ottesen
  • Real Estate Investor
  • Strawberry Point, IA
Replied

You will need to ask for the "rent roll" from the owner.  My property manager suggests to ask for two years worth.  The owner may not want to give you this unless you make an offer, but you can put this in with the contingencies.

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