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Updated almost 3 years ago,
- Real Estate Broker
- Memphis, TN
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Due diligence checklist in Memphis, TN
In a previous post I shared my Out of State Investing Checklist - click here to access that post.
Recently I discovered an item to add to that checklist.
#38 - Is the property located next to a storm water culvert?
My client received a notice about tires that were illegally dumped into the ditch. see photos below
The SAME DAY we received this notice (one month after the initial discovery) I visited the area and took these photos:
NO TIRES.
We appealed the Violation and met via Zoom with the board. Since we were diligent in proactive management of the property and had TIME DATE stamped photos we won the case. However, the time and effort involved would make me reconsider the purchase of a property that is adjacent to a storm water culvert in the future.
- James Wachob