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Updated over 7 years ago,
Syndicators-managing the rehab for value-add 60+ unit deals
Once you've closed a deal and it's time to start rehab, what exactly is your process?
Are there lender requirements on when the rehab must be completed by?
Does the property manager typically manage the contractor or does that fall on the syndicator?
Do you renovate interiors as tenants leave or do you encourage vacancy by raising rents and getting the rehab done more quickly?
Any other good-to-knows?
Thank you!!!