Tenet Occupied Properties

[Jarvae Everett]

I’m looking to buy tenet occupied properties is there anyone who has any experience in this type of real estate investing?

[Danny Gonzalez]

Yes, I’ve got plenty of experience with this as we sell properties to out of state investors all the time.  

Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.

Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing. You want to verify that these tenants are ones you'd actually want to keep—do they pay on time? Do they take care of the property? Were they properly screened?

The key is to get the full picture before you close. If you do your due diligence, it can be a great investment and help reduce vacancy. But too many buyers get stuck with problem tenants and end up facing evictions, chasing down rent, or dealing with underperforming properties.

Hope this helps!