Welcome back to 5 Minute Multi-Family. Today we follow up on last week’s video where I discussed how to audit the rents on a prospective purchase (CLICK HERE TO WATCH THAT EPISODE NOW.) Today we take it a step further to discuss the documentation you need as a buyer to confirm the tenants and the seller of the building you are looking to purchase agree on the rental rates and the security deposits.
5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here to watch those videos now.
In the coming weeks, we will continue to discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!
I hope you have found our video installments informative and helpful! Be sure to forward this video to all landlords that you know, and anyone that could benefit from the information.