- Madison, WI
- Votes |
I have my first property under contract, it is a duplex. I just received the leases, if you could call them that. They are not signed. When inquiring about credit checks and background checks, I was told none were done because these are their friends. It gets worse, no rent rolls, supposedly the one tenant, paying the $1200 has prepaid months in advance. Another red flag.
Plus the current tenants have dogs, but there is not a security deposit for that.
I am getting my inspection tomorrow, if that goes well, I am set to close the end of February. The leases expired end of May.
When my realtor asked about contingencies, I mentioned one for rent roll, but she just ignored it and I did not press the issue, so now what?
I will reach out to a lawyer tomorrow, but would appreciate any input.