Questions to Ask For Rental Purchase
Hello. I'd like to purchase a rental property, and I was wondering what questions I should ask the seller?
I'm thinking:
1. Tell me about the property
2. Current lease terms ( amount, length etc.)
3. Length of time current tenants have been in place and how well they've paid, taken care of property etc..knowing info. may be biased
4. Monthly costs ( utilities if included, management, taxes, maintenance)
5. Updates and dates completed ( especially age of roof, a/c, etc..)
6. Owner financing possible
I'm sure I'm missing something. Please help me fill in the gaps.
Thanks!
Wendy