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10 March 2020 | 7 replies
Roof certification report 4.
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2 April 2020 | 7 replies
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…
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12 March 2020 | 4 replies
Look through the file and see if you can find a Building Permit or Certificate of Occupancy that demonstrates that the extra units were added legally - most likely prior to the creation of zoning in that city.
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12 June 2020 | 27 replies
Signing a PM agreement was my original plan but I wasn’t sure if someone in my LLC would be required to have a property management license/certification.
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25 January 2021 | 2 replies
What’s their capabilities as far as certifications such as pertaining to SEO implementation, web development, setting up and automating my processes utilizing the best of their abilities?
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5 June 2020 | 1 reply
Although this is an all cash deal, I was concerned by tenant statements during inspection, so asked everyone to sign basic estoppel certificates.
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8 June 2020 | 5 replies
Having your license opens many doors that you wouldn't otherwise have such as earning referrals, gaining access to real estate tools that you may not be able to without a license, and you can become a trusted resource by obtaining other certifications that are only available with a license.
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9 June 2020 | 4 replies
Dwelling Fire rates can vary and the best company for your homeowners may not write Dwelling fire or may not be competitive.2. check with agents to see if you need a lead safe certificate.
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16 July 2020 | 3 replies
For the lender, one has given me information on mortgage credit certificate programs, down payment assistance programs, and another called seth goldstar.
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11 August 2020 | 19 replies
I have had to deal with stress of taking high level IT exams for certifications and I’m sure the bar is even harder than that and takes a lot of focus and attention.