Verfiying Rental Income on Prospective Rental Property

[Omer Sultan]

Hello BiggerPockets Community!

How would I go about verifying the gross rental income that the seller's agent is claiming a property generates? Is it common practice for the purchaser to request proof of rental income from the seller? If so, what is considered to be valid proof of rental income? A copy of the fully executed lease(s) or bank statements highlighting the rental income or rent receipts or something else?

Thanks in advance BiggerPockets Community!

[Andrew B.]

Unless the information is being provided by a large management company, I wouldn't give much weight to anything the seller provides. You should base everything on your own analysis and pro-forma.