Posts Tagged ‘commercial real estate’
Document All Communication
You want to make sure that you have a good tracking program in place to keep track of all the requests for information, back-up receipts and documents and everything else you need to keep track of from the seller. The best way to do that is through email. That way you’ll have a paper trail…
Read MoreSpend Time at the Property
It’s important that you visit the property at various times while conducting due diligence. I don’t mean just at the physical inspections. I’m talking about: early in the morning; mid-morning; noon; afternoon; early evening when tenants are leaving or arriving home; late at night and weekends. You’ll find the property operates differently at different times…
Read MoreConduct All Tenant Interviews
This is the single best source of information you’ll be able to tap into on any leased investment, so do not pass up this opportunity. Be leery of any seller who refuses to allow you to conduct tenant interviews. They’re most likely trying to hide something. Story: I once interviewed a tenant who told me…
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