Multi-Unit Rags to Riches
Due Diligence Operations – Management of Your Team Settlement Preparation Forms & Documentation Property Take Over Year Plan Resident Relations Investor Relations After the LOI is Signed
Due Diligence Financial Due Diligence a) 2 Year Rent Roll by month, resident, unit address and rental amount b) List of all Security Deposits c) Complete Income and Expenses
Due Diligence Physical Due Diligence Site Visit Inspections Third Party Reports
Property Team Onsite – Management Maintenance Local Team Attorney Inspectors Contractors Insurance Operations – Management of Your Team
Property Take Over - Transition Expect 6 months to 1 year Investment Strategy Communication with Team Resident Relations Investor Relations
Settlement Preparations Contract Insurance Bank Loans Seller Financing Syndication / Capital
Documentation
1 – 3 – 5 Year Investment Strategy Value Adds Exit Strategy ( Sale – Refinance / Cash Out ) Reposition Accountant
Community Communication Occupancy / Vacancy Resident Relations
Entity Creation ( LLC which will Own Property) Operating Agreement Syndication Documents Communication Investor Relations
"Tomorrow you will be more DISAPPOINTED by the things you DIDN'T do then by the ONES you did today. So pull up your anchor, sail away from this safe HARBOR in which you sit, allow the WINDS to catch in your SAILS. TAKE ACTION. EXPLORE. DREAM. DISCOVER." — Tammy Phelps