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Published byChastity Lesley Curtis Modified over 9 years ago
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Multi-Unit Rags to Riches
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Due Diligence Operations – Management of Your Team Settlement Preparation Forms & Documentation Property Take Over 1-3-5 Year Plan Resident Relations Investor Relations After the LOI is Signed
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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
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Due Diligence Physical Due Diligence Site Visit Inspections Third Party Reports
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Property Team Onsite – Management Maintenance Local Team Attorney Inspectors Contractors Insurance Operations – Management of Your Team
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Property Take Over - Transition Expect 6 months to 1 year Investment Strategy Communication with Team Resident Relations Investor Relations
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Settlement Preparations Contract Insurance Bank Loans Seller Financing Syndication / Capital
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Documentation
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1 – 3 – 5 Year Investment Strategy Value Adds Exit Strategy ( Sale – Refinance / Cash Out ) Reposition Accountant
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Community Communication Occupancy / Vacancy Resident Relations
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Entity Creation ( LLC which will Own Property) Operating Agreement Syndication Documents Communication Investor Relations
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"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
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