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Updated over 4 years ago on . Most recent reply

User Stats

203
Posts
17
Votes
Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
17
Votes |
203
Posts

Buying rental with tenant

Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
Posted

There is an offer to purchase a rental property but it's coming with a tenant. The tenant seems to have signed eStoppel. It means the new buyer has to continue with that tenant. 

Other than obvious checks (such as inspecting lease agreement, payment history, tenant job history, etc.) what are some of the extra measures I should do to ensure I am not inheriting a problem?

Also, how the inspection of the house going to be accurate if the property is occupied? 

Thoughts?

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