What to expect from your real estate agent regarding financials
Hello, BP crowd!
I have a question when it comes to what your real estate agent should be providing. My husband and I are on the hunt for our first rental, most likely 2-8 units. When I ask for financials, sometimes I get a great breakdown, sometimes I'm lucky to get income for the year and a line item for all expenses. I realize that my realtor is forwarding information from the listing agent, but can they/should they dig for more? Would it help if I were to create a spreadsheet with income and expenses itemized and they can fill it in, maybe push the listing agent for more details?
I don't want to demand more than I should, but I don't see how I can make accurate decisions with so little information. Your input is greatly appreciated! Thanks!