Buying or Selling Occupied Property
This presentation teaches the essentials of buying or selling occupied property (when tenants are in the building being bought or sold). We look at all aspects of the process:
- Offer stage - what to include
- Due diligence - what rental documents to request from owner/seller
- P&S - ensuring correct terms
- Closing ensuring transfer of last month's rent and security deposits
- Post closing - starting off relationships with new tenants on the right foot
These best practices ought to be known by all investors, brokers and realtors. Even if you have good help, it's always a good idea to know the process yourself to supervise it.
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