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Updated over 2 years ago on . Most recent reply

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Blake G.
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12
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First Apartment Building Deal - Getting the right info and numbers

Blake G.
Posted

I came across a 24 unit property and was able to get in touch and talk to the owner about it. I am trying the get the income and expenses from him and he put me in an email to the owner of the current property management team about getting the necessary paperwork. I was just wondering how long this typically takes because it’s been a few days now with no information. Any help about the process and time it takes to typically do a multi family deal will be greatly appreciated!

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Drew Sygit
#1 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
6,961
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Drew Sygit
#1 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Blake G. if they are organized and using software it should only take a week. 

If they are claiming it takes more time than that to put a P&L together, then they are NOT organized.

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Logical Property Management
4.9 stars
166 Reviews

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