I am evaluating a rental property that has 2 lots and 3 small homes on it. All 3 units are rented, and the BP calculator shows that the numbers work.
I am visiting the properties soon and trying to think of good questions to ask the current tenants so I can dig deeper into the deal. Here is what I came up with so far:
- What made you choose this property?
- Does anything need attention/repair now?
- What has been repaired in the past?
- What could I do to make this a better experience for you?
By walking the property inside and out, I feel I can answer basic questions like, "Do you have washer and dryer connections". I feel that the tenants may be a bit more honest and open than the seller.
Thanks in advance.