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Updated over 6 years ago,

User Stats

93
Posts
33
Votes
Rawn Wilson
Pro Member
  • Rental Property Investor
  • Pearland, TX
33
Votes |
93
Posts

What to ask current tenants of a rental I want to purchase

Rawn Wilson
Pro Member
  • Rental Property Investor
  • Pearland, TX
Posted

I am evaluating a rental property that has 2 lots and 3 small homes on it.  All 3 units are rented, and the BP calculator shows that the numbers work.

I am visiting the properties soon and trying to think of good questions to ask the current tenants so I can dig deeper into the deal.  Here is what I came up with so far:

- What made you choose this property?

- Does anything need attention/repair now?

- What has been repaired in the past?

- What could I do to make this a better experience for you?

By walking the property inside and out, I feel I can answer basic questions like, "Do you have washer and dryer connections".  I feel that the tenants may be a bit more honest and open than the seller.

Thanks in advance.

  • Rawn Wilson