Looking to purchase a property with a behind tenant
We are looking at buying a property in Nebraska where the tenant is couple hundred bucks behind rent. The tenant has been there for roughly 5 years and receives money from the government to pay rent. What are the best options for this situation? Any advice from the trenches?
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@James Rador if $200 is your biggest concern, then not a big issue in my opinion.
I would be more concerned about the current lease terms. Have you verified their actual payment history? Are there statements or bank account deposits that verify they are actually paying rent?