The due diligence phase of a multi-family investment is one of the most critical tasks necessary to fully understand the condition of a prospective purchase. Within Woodruff Property Management Company, we have a due diligence services team dedicated to this process, including property condition reports and forensic analysis reports.
With a property condition report, we will assign a team of our professionals to walk the entire grounds of the property, notating all items of concern, such as building paint, roofs, sidewalks, pavement, fencing, lighting, landscaping, amenities, office/clubhouse condition, signage, etc. Interior unit inspections can be added as an additional level of analysis if requested.
We will then provide you with a detailed written report of all findings and recommendations. With a forensic analysis, we will make a detailed and complete examination of the monthly financial reports, lease files, contracts, rent roll software management systems, insurance policies, property taxes, mortgage documents, etc. We will then provide you with a detailed written report of all findings and recommendations.
National Vendor Accounts
Our company has established long-standing relationships with numerous nationwide multi-family industry vendors, and has negotiated discounted pricing for our properties that we manage. We make every effort to maximize these relationships with every new residential community that we assimilate into our management program.
Property tax is one of the largest operating expenses incurred by a residential property. Analyzing and minimizing real estate and personal property taxes can become a very time consuming processing. Our firm has developed processes to manage property taxes, and has worked extensively with many nationally recognized property tax appellate consultants. It’s our goal to make sure that your property only pays taxes on proper and reasonable valuations and assessments.