Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Most of the investment properties that we are looking at have minimal lease terms from the HOA of one month to six months.We are not opposed to buying this type of property.Questions:1.

Create as equitable utility division as you can, place this utility expense in each lease, and charge the tenants per the utility usage.  

Can I provide notice soon to not intend to renew a lease (no cause) of the section 8 tenant--this is a 12 month lease that ends 10/31/24. 

Lease-to-Own or Rent-to-Own: Offer lease-to-own agreements where a portion of the rent goes toward the property’s purchase.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.

Before a walkthrough and before signing a contract is it appropriate to ask the seller of a small multi family for:1.Rent Roll2.Property Tax Bills3.Utility Bills (last 12 months) (landlord pays all utilities)4.Income & Expense Statements (summary)5.Lease Agreements (Sample or Overview)6.Recent Maintenance Records (summary)7.Capital Improvements Summary

She is responsible for the entirety of the lease, even if she vacates early.

The lease says "rent is due on or before the 14th day of each month in advance notice or demand."