Should my property manager participate in acquisition due diligence before I purchase another commercial property?
Category:
Property Management – Property Owners
An experienced property manager can provide valuable operational insight during acquisition due diligence. They may help evaluate maintenance history, vendor contracts, service costs, staffing, tenant concerns, property condition, lease-administration practices, deferred maintenance, and realistic operating assumptions.
Financial models sometimes rely on expense reductions or management efficiencies that may be difficult to achieve in practice.
Including operational expertise before closing can help distinguish a theoretical investment plan from one that is realistically executable.
