RPP – Top 3 Due Diligence Tips

Jake Stenziano and Dylan Marma discuss the top 3 tips for performing due diligence.

Key Information:

Walk Every Unit
Prevents sellers hiding shell units that could be staged as occupied or used for storage
Verify upgrades in the units
Snake the drain lines
Snaking the drain is recording the path and see if there are blockages in the drains
Prevents major capital expenditures
Snake 50-75% of the drain lines
Get Drone Footage
Can pinpoint soft spots in the roof
Great footage for marketing packet
BONUS TIP: Perform Lease Audits
See if renewals have been reflected
Review applications to see if tenants were properly screened

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