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Jimmy NA
  • Property Manager
  • CT
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131
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Pre-existing Tenants

Jimmy NA
  • Property Manager
  • CT
Posted Aug 3 2008, 10:54

I have been looking at a couple buildings lately that I am interested in purchasing. The buildings pass my expense/income standards (and the price is right) but I am worried about the quility of the tenants. I have no definate way of knowing if the tenants that are already renting there are paying or behind on rent. I could ask the owner, "are the tenants paying?, of course he will say "yes." How do you approach this problem?

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