Experienced Apartment Complex Investors

[Nico Doss]

Hi all, 

I want to speak with someone who has experience investing in apartment complexes, up to 30-unit complexes.  What do you evaluate during the due diligence process?  What are one or two things a buyer should focus on that could affect cash flow and/or margin in the long run?

[Parker Stone]

Hey Nico, I would seriously consider involving a property management company that has experience with the due diligence process. There are numerous factors that could affect overall returns and a thorough DD process will help uncover these. Make sure your DD process includes, at a minimum:

• -A full property walkthrough, including every unit
  
• -Property condition assessment (PCA)
• -Environmental site assessment (ESA)
• -Roofing/Engineering/Pest/Mold inspections as needed
• -A Detailed scope of work based on the findings 

Happy to connect with you 1-1 if that would help