Requesting Bank Statement from Multi-Family Property Seller

[Danish Dass]

Hello everyone!

I’m currently trying to purchase my second multi family rental property. My first rental was a fully occupied triplex. One thing I did not vet in that purchase was if the tenants were actually paying. 

So here’s my question: Is it good standard practice to ask the seller for their bank statement associated with the property that shows the rent payments being credited to their account in order to prove the property generates revenue?

Many thanks!!

[Dwayne Poster]

I would request the previous years tax filing for the property.