Pass this along to your client:)In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Even though you're looking for move in ready you will want to keep some funds in reserves, usually denoted in months of payments for sfh or $/unit for mf.

The KPMG Global PropTech Survey 2019 confirms that 80% of firms still do not have “most or all” of their decision making led by data.The same report also hints at a “skills gap” — only 5% of real estate firms have transformation efforts led by someone with knowledge of data analytics.What would you say would be the challenges ahead of us in 2022?

The estoppel certificate is a form filled out by the tenant and then confirmed by the Landlord.

., manage listings, track and manage reservations on different platforms, accounting, optimize pricing, and online customer support).

Is there anyone that can confirm?

I like reserving for P/M, but foregoing it at the beginning may be a way to bridge you into getting the deal. 

Hi Shaun, Once you confirm that the site can be rezoned to meet your intended uses(s), you need to run a pro forma that reflects the market conditions and realities for the product you plan to create.There is (or should be) great upside potential in each phase of the trip.

You will also need to have cash or credit reserves to start your rehab before you can request a reimbursement period.

Class A properties would be more vulnerable during a downturn, with no ability to add value, and no reserves built up (from renovated units and increased rents prior to a downturn)- picking the right location - in a downturn, those demographics should go a fair ways towards protecting against losses, or at least significant ones.