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Updated over 4 years ago on . Most recent reply

User Stats

133
Posts
12
Votes
Gary B.
  • Hayward, CA
12
Votes |
133
Posts

How to verify rentroll in multi-family property due diligence ?

Gary B.
  • Hayward, CA
Posted

Hi Fellow Investors,

I am in contract with 30 unit apartment complex. Sellers, 3 months ago moved over Property from 3rd party Property Management company to his in-house property management company.

Questions:

1. How do I verify if the rents claimed in rentroll are accurate and not delinquent or incorrect besides looking at leases.

2. Can their be another catch or mis-representation seller trying to do by moving over property into in-house property management ?

Will highly appreciate your guidance or response on this

Thanks, Gary

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