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All Forum Posts by: Rene D.

Rene D. has started 28 posts and replied 237 times.

Post: Recommend your Property Manager in Indiana

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

Thanks for the reply Jonah. Yes possibly - I will be there Monday and am hoping to meet  with a couple and also local banks. Can you recommend anyone for that?

Thanks so much!

@Michael Smythe thank you for the great info!

Post: Recommend your Property Manager in Indiana

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

Hi, looking for a recommendation for someone that services Central Indiana (close to Marion). Thank you

Hello, please recommend any managers you would recommend. Thank you

Post: MHP Partnership Structure

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

@Avery Robertson Congrats on the close! I'm currently looking at a park in NE too!

Post: When buying from Mom n Pop sellers...

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

@Roger D Jones So true on your last point, thanks!

@Matt Devincenzo Great point - thank you!

Post: When buying from Mom n Pop sellers...

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

It seems you are the only person who understood the question wanting to know what a seller makes (not even sure how or why you think that).

As a typical part of the DD process it is not uncommon to ask for property/entity tax returns. This helps you, as the buyer, understand the health of the asset.

Where in the post does it say anything about what a seller makes?

Post: When buying from Mom n Pop sellers...

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

@Account Closed not sure what you mean?

Post: When buying from Mom n Pop sellers...

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

When the seller only has a hand written Income (rent) and Expenses, 1 page, 1 month, what is the best way to confirm all income/expenses?

I'll be looking for:

tax returns

bank statements

any invoices

utilities

What should broker provide? (I know this is tied to what seller has)

Thank you!

Post: Non-Disclosure Agreement - Question

Rene D.Posted
  • NV
  • Posts 254
  • Votes 57

@Jeff S. I was a bit confused myself and thank you for the explanation. My instinct is to cross out what I don't like and see if it sticks?! I'm with you on the simple NDAs.

@Chris Seveney this is a sentence is an NDA they (broker) wants me to sign prior to receiving property info.


How would either of you progress with this in getting property info? I can always call and see what they say?

Thank you both.