Tenant information sheets benefit those buying multi-family properties.
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What happens if you buy a new multi-family property, but after closing, you realize you have no leases or keys? Or what if you have all of the leases, but one of your tenants is ready to move out and there’s a disagreement between you and them over how much the deposit was? These are just a couple of the scenarios you can run into when buying a multi-family property. How do you prevent them from happening, though? One way to set yourself up for success is by getting a tenant information sheet filled out by the tenants and landlord.
Feel free to watch the video above in its entirety to learn about the tenant information sheet or use these timestamps to skip ahead to various sections at your leisure:
0:00—Introduction to today’s topic
1:10—A common scenario we see with multi-family properties
2:47—An example of a tenant information sheet
7:21—Utilities information
8:57—Other tenant information
9:31—Wrapping things up
As always, if you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’m happy to help.