Best practice for due diligence packets from turnkey providers
Been checking out a number of data sources recently - some paid like neighborhoodcout and quantmaps. I've been asking myself what best practices should be for due dillegence packets that turnkey providers have.
One thing I really liked about Bridge's turnkey DD packets is that they include rentometer data.
I've been thinking it would make a lot of sense for turnkey providers to include neighborhoodscout reports - especially as they tend to focus in specific markets and the cost for NS should be fairly nominal for them, whereas for potential investors who are looking at 10s or 100s of properties across the country, running a NS report on each of them quickly becomes cost-prohibitive.
What do you consider the best practice around DD packets for turnkey providers?
Most Popular Reply
We deal mainly with investors who are out of state/ opposite side of the country and provide a packet that helps them ask informed questions. Additionally, it gives them many answers up front so they can make informed decisions on properties. We always encourage investors to visit, but of course aren't required to as they have busy lives.