Check the date of the last increase to know where you stand. Also, make sure current tenant doesn't have a short-term lease, living there simply to tempt the unsuspecting buyer. Examine existing leases and be sure to get tenants' security deposits from seller at closing. Confirm Utility Costs Ask the local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent. Inspect, Inspect, Inspect Never buy a property sight unseen.
Nothing replaces on-site inspection and nosing around the property like a bloodhound.
Hire professional inspectors for strucural and mechanical sytem opinions. All rights reserved.