Do you ask for proof of rental payment history?

[Payman A.]

Hi everyone,

So I'm in escrow for a 4plex that is fully occupied and currently manged by what seems to be an experienced and well organized firm.  1 of the units has been occupied since 2010, 2 since March, and 1 since Mary (2 are section 8).  Is it common to ask for proof of rental payments for past 3 months (or first month in case of the new tenant)?  I'd like to be diligent without being excessive.

Thanks and looking forward to your thoughts,

Payman

[Account Closed]

Without a doubt, ask for rental history. No seller should be offended by that request, and if they are, they are hiding something. The worst inherited tenant I ever had had a spotty payment history and the previous PM let her get away with it saying she always caught up. Well I had to evict her soon after taking over and she did major damage to the property. Do not take properties with bad tenants or at least ask for a substantial discount to pay for eviction and clean up!