Probably no reason for the two not to share information if it pertains to the day-to-day operation of the building. Transparency is always best and the answer would depend on the information shared. It would help to know what information is being shared and why the original PM would do so. You may want to reach out to the previous PM to ask what is up.... more
I screen all my tenants. First, I call all their personal references and places(s) of employment. It has been a work of evolution over the years to learn what questions to ask since sometimes people can be deceitful. There are also questions you cannot legally ask so make sure you are aware of these.
I also pay an outside firm to run complete state and federal background checks. These are mostly involving criminal, court, financial and out of state items. A separate form for the potential tenant is needed for them to sign that allows the checks to be made.... more
Hi Mandra- I have 2 people I think you should speak on the phone with. One is a RE attorney and the other is a commercial lender who deals with HUD issues all the time. I think either would be able to answer your question via phone. Contact me if you'd like specific contact information. Thanks and good luck,