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Updated over 7 years ago on . Most recent reply presented by

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Luis Fernandez
  • Saint Louis, MO
12
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34
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Obtaining Up-to-date Rent Information of Existing Tenants

Luis Fernandez
  • Saint Louis, MO
Posted

I'm in escrow for a 12 unit building. Its been in escrow for a couple of months now. When I get a confirmed date to close, how do I go about getting all the correct and up-to-date information of the units that are vacant or occupied and those of whom are up-to-date and are delinquent in paying rent? I recently realized that my real estate agent omitted the Rider Inspection. To make a long story short: in the middle of escrow, she changed brokerage firm and had me sign a mutual release agreement and a new contract where she omitted the Rider Inspection. I no longer feel she is looking after her client's (me) best interest. So there's a trust issue here and I need a way to validate the current tenant status to match what will be written on the HUD statement.

Most Popular Reply

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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,382
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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

One way is to get the an affidavit from every tenant and at least bounce that off seller and real estate agents or property management and make it a requirement on the title company to provide before or at closing.

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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