You’ve probably accumulated several due diligence checklists, focused mainly on property inspections which offer only insight to attributes of the physical property. A property’s physical attributes however, are the easiest to fix. Having been involved in evaluating literally thousands of investment properties has taught us that it is the OFFSITE attributes of rental property, i.e. the things you generally cannot change, that pose the biggest threat to your investment. I might even go so far as to say offsite issues are more important than property inspections.
For this reason, we compiled this list of 20 offsite due diligence factors. The feedback from clients is nothing short of spectacularly appreciative. Review this slideshare deck and see if you aren’t overlooking one or more of these items.
