Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

602
Posts
509
Votes
Andy Sabisch
#1 Rehabbing & House Flipping Contributor
  • Investor
  • Wilkes-Barre, PA
509
Votes |
602
Posts

Question on what was listd and what the leases contain

Andy Sabisch
#1 Rehabbing & House Flipping Contributor
  • Investor
  • Wilkes-Barre, PA
Posted

Question . . . we found a duplex that was an estate sale but listed on MLS and the numbers provided by the listing agent were hard to pass up. Part of the contract is that the seller needs to provide copies of the leases and what the deposits are within 5 days so today (Day #2) we received the leases . . . and that is where the issues start

1) The rent amounts per the listing and what the agent told ours was that the rent was $1,100 and $1,250.  The lease shows both at $1,100 which drops the cash flow by $150.

2) Both tenants have pets (dogs) and while we allow them in our rentals, there is a charge (deposit and monthly) that goes with them being there.  In the case of this property, the lease says pets are not allowed.

3) The listing agent told us (and the listing said) there were leases in place but the leases we received are month-to-month and we would need to give 60 days notice to vacate the property

Question . . . how would you address these differences with the seller?

Thanks

Loading replies...