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Updated almost 5 years ago on . Most recent reply

User Stats

20
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8
Votes
Pete Jimenez
8
Votes |
20
Posts

First Multifamily property 4 plex

Pete Jimenez
Posted

Hello, BP! I had an offer accepted on my first Multifamily 4 plex. I will be doing a walk through if the property today. What are some things to look for?

I'll be checking roof condition, AC, Plumbing. I will also have in inspection done to confirm the condition of every thing. If the Tennant's are home I will be nosey and speak to them about their experience and if there are any pending issues that need to be fixed. 

what list of things should I be asking for from the current landlord? 

-Rent roll

-copies of owner responsible utilities for past 6 months

-lease agreements 

I will be inheriting all Tennant's. 

If the property has a property manager, is it ok to reach out to them and speak to them as well about the property?

Any other recommendations will be a great help. Thanks! 

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