How to ensure tenants are current with rent; New Invester

[Eric McCarty]

I am about to pull the trigger on my first multi-family cash flowing property.  The property is located in New York State and I am nervous due to the moratorium extension through May 1, 2021.  The seller has verbally told me that all renters are up to date with rent.  How can I get better proof then just verbal communication through the seller?  If I was able to see receipts, or bank statements showing that they paid I think I would feel better.  Am I reading too far into this?  Thank you!

[Kamil Baldyga]

Hey Eric, so what you would want to do in this situation, assuming you're working with an agent, is to have your agent ask for a "rent roll up" from the listing agent. This will show payments, lease time frame, and rent rates for the units. If agents are not involved in the transaction, you can request it from the seller which should get formal documentation from property manager.