Tue, 28 January 2020
1378: Due Diligence, The Necessary Steps: Insurance, Home Inspections, Rent Verification & Property Management
Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like Google street view to take a tour of the surrounding areas to understand the influences for value and rent.
Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.
[3:00] Thou shalt diversify. Diversity into three to five markets.
[5:55] Use google street view to understand the areas that surround your investment.
[8:30] Check with local property management companies to confirm rent estimates.
[11:15] Put the system to work with a real life evaluation of a current property.
[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.