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…

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Walk The Entire Property

What do I mean by walking the entire property?  I mean walk each and every suite, unit, office, apartment, whichever is applicable to your property of interest.  Why?  Because you are going to find out A LOT about your tenants, the space they occupy, their business, etc. For example, if it’s an apartment complex, there…

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Spend 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…

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