Contacting existing tenants as part of due diligence

Contacting existing tenants as part of due diligence

Lee's Summit, MO · Member since 2020 · 11 posts · 3 votes

Hi,

I'm under contract for 6 duplexes and as part of my due diligence I'd like to contact the tenants and just ask them a few questions. First, is this ok to do? Also, here are the questions I was going to ask:

1) How has your experience been at your apartment?

2) Do you like the area?

3) How have you liked working with (existing) Property management?

4) What do you think would make things even better?

5) Are you planning on staying again next year?

If this is a good idea, how would you present yourself to the tenants? What other questions would you ask?

Thanks!

Greg

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  • Member since 2020 · 41 posts · 21 votes
    5y

    definitely a good idea, specially now when you cannot evict so you want to speak to the tenants before and you will see who will be in your property. 

    remove question 4 (i know you want to be better then the previous owner/manager) this question might cost you a bunch of maintenance, being a good landlord and on top of repairs is very good but that's about enough.

    4) What do you think would make things even better?


  • Investor · Virginia Beach, VA · Member since 2012 · 244 posts · 69 votes
    5y

    @Gregory CallowayYou could consider changing #4 too 'is there anything that needs a little work around?'  Something like that so they are encouraged to let you know about something the seller might have...forgot to mention.

    Also if possible get it in writing from them how much they pay every month and what is included.  So you have everyone on the same page

  • Lee's Summit, MO · Member since 2020 · 11 posts · 3 votes
    5y

    @Eli Konig great information, thanks!

  • Lee's Summit, MO · Member since 2020 · 11 posts · 3 votes
    5y

    @Sean Ploskina I think that sounds like a good modification. Thanks

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