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Updated about 4 years ago on . Most recent reply

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Dustin Murphy
  • Investor
  • Capital Region NY State
9
Votes |
22
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Advice On Rent Rolls From Seller For 1st Rental

Dustin Murphy
  • Investor
  • Capital Region NY State
Posted

I am in escrow for my first rental property and asked for rent rolls to be provided on the contract as one of the contingences. The sellers attorney sent an email stating his clients informed him the rents and deposits were the amount each unit was but nothing showing tenants paying their rents. How should the rent rolls be presented to me from the seller to show rents are actually being paid? I am getting nervous that they are not paying because we are now about 2 months in escrow and countless times asking for rent roll to be sent and we only got the one email from the attorney stating the amounts. Anyone have any advice how I should proceed? I do not want to inherit tenants that are not paying rent in the giving state of the eviction moratorium.

Most Popular Reply

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6,603
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
6,951
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6,603
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

At this point I would want Estoppel Certs completed and signed by tenant and seller. The seller's attorney will know exactly what you want and why. If I did not get that; in today's climate I would walk-especially in NY.

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