The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…

Beyond that period you could do so, knowing that you forfeit your earnest money (if relevant in your state).Regarding revising the price -- In my opinion I'd say if your local market is going to pot because everybody, or most bodies, are in your situation then it COULD be worth talking to your agent about. 

Airbnb asked Congress to bump that limit up to 60 days.Finally, the company asked the body to encourage lenders to offer low-interest loans to hosts, using tax cuts or other such incentives...”It will be interesting to see what, if any measures are passed to assist property owners.

Look for People SkillsProperty management is, ultimately, a people business.Not only will your manager deal with you and your tenants, but they’ll also need to work with third-party suppliers, regulatory bodies, and legal agencies.The better their people skills are, the better they will be at managing your property.This is often something you need to evaluate face-to-face when you meet them.

Since income and expenses are generalizations at the very best, however, here’s a more detailed explanation of how to calculate a home’s cash flow potential:Add All Of The Income: To get things started, identify how much you expect to make over the course of a year in rental income.

There is no governing body who you report rent prices to.

Or, if you can handle the risk, try and go it alone like many on this site do.No one was gossipping and freaking out during the plague.... they were working... despite the bodies in the streets.Kids were not off school for 2 months while polio was going around.If you government tells you you must stay in your home, or you can not go to work, or be a productive contributing member of your community, stand up and remind them that they work for you!   

You cannot fake trucks taking out dead bodies to other cities because the morgue doesn’t have space.Northern Italy was a war zone where every room was a covid positive patient where patients were laying on the hallways, where people like you and me were gasping for air and sedated while a nurse or physician in many cases without adequate PPE were holding their hands to their deaths without family members allowed.Each case the same bilateral (meaning both lungs) pneumonia.Truly heartbreaking that we have gotten to this.Please have some respect for the people that died in Italy and if you don’t know what you are talking about limit yourself to talk about real estate.

I don't think there is any one job that can do it for large multi-family.It's a very large disparate body of knowledge, although "If you got the dough, you got the go" could be said, where you buy and learn on the job. 

What is every body doing in terms of placing new tenants?