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Updated about 3 years ago on . Most recent reply

Lisa Borowy's profile image
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Lisa Borowy
  • Rental Property Investor
  • Member since Feb 22, 2022
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Lisa Borowy's profile image
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Lisa Borowy
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Lisa Borowy
  • Rental Property Investor
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Multi-Family and Apartment Investing

Analyzing Property - requesting documentation

Lisa Borowy
  • Rental Property Investor
Posted

When analyzing a multi-family or apartment  is it appropriate and reasonable to ask for documentation on the leasing history and annual/monthly utility cost that is covered by the owner?


Thanks in advance!

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Jeff Copeland
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Jeff Copeland
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Jeff Copeland
  • Real Estate Agent
  • Tampa Bay/St Petersburg, FL
Replied

Absolutely. Collecting and projecting accurate income and expense info is crucial to underwriting/analyzing a deal. 

Though I would add that you can't always rely 100% on the rosy version provided by the seller. Do your own digging...trust but verify.

  • Jeff Copeland
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