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General Landlording & Rental Properties

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Wendy Vaidic
  • Real Estate Agent
  • Indialantic, FL
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177
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Questions to Ask For Rental Purchase

Wendy Vaidic
  • Real Estate Agent
  • Indialantic, FL
Posted Sep 28 2014, 17:24

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

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