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Updated over 10 years ago on . Most recent reply

David Thornton's profile image
David Thornton's profile image
David Thornton
  • from Twin Lakes, Wisconsin
  • Member since Apr 16, 2013
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David Thornton's profile image
David Thornton's profile image
David Thornton
  • from Twin Lakes, Wisconsin
  • Member since Apr 16, 2013
Connect
David Thornton
  • Twin Lakes, WI
0
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19
Posts
Multi-Family and Apartment Investing

Rent credit at closing

David Thornton
  • Twin Lakes, WI
Posted

I am purchasing a 5 unit and 2 unit from another investor this week.  The seller wants to only credit me for rents they have collected and leave it up to me to collect rents that have not been paid.

They have collect from 5 units and are owed for 2, a total of $1200 in rents are still due.

Is it normal to make the buyer collect rents that should have already been collected?

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