First time landlord

[Ben Cochran]

Hi all,

I am a first time landlord, here in Colorado. I just closed on my first duplex and I am moving into one side.

The opposite side has tenants with a one year lease. During closing, the previous property manager mentioned that he would transfer the security deposit to me within a week but he never mentioned anything about the rent for August and I didn't think to ask about it either.

I closed and took possession on August 3rd and my question is this; assuming the tenants paid their rent on the first, shouldn't that go to me or does it go back to the previous owner?

I haven't asked the property manager or my new tenants yet about the rent for August because I first wanted to ask the question here, to all the experienced investors, landlords and property managers that may have dealt with this situation before, and save myself the humiliation of looking like a dufus.

Thanks in advance,

Ben