Who keeps rent during month of deal close?

[Daniel C.]

Hi all,

This is my first post here in the BP forums. Within the past 12 months, I've started to build up a rental portfolio. I have a deal that will be closing this month (mid-February), but I'm not sure who keeps the rental income for the month in which the deal closes. Does the seller keep all of it, or is the seller required to pay me the pro-rated portion of rent for the month in which the deal closes? Just thinking things through - any help would be much appreciated! Thanks.

Dan