5 Steps Before We Approve a Property

Photo by Andrea Piacquadio on pexels.com

I’ve sold more than 470 investment properties.

I don’t recall a single one performed poorly, even during turbulent times. The reason?

Our 5-step validation process.

1️⃣ Initial Candidate Properties - Our proprietary data mining software eliminates properties that are unlikely to perform. The remaining properties are good candidates for further evaluation.

2️⃣ Manual Evaluation - Every property of interest is manually evaluated by an investment realtor on the team.

3️⃣ Onsite Evaluation - For properties that pass step 2, a team member goes onsite. We evaluate the community and the property through the eyes of our target tenant demographic. If the property passes, we take a video and send it to the property manager and the client.

4️⃣ Property Manager Evaluation - Based on the video, MLS data, experience, and other sources the property manager provides:

👉 Rent range once the property is renovated

👉 Time to rent

👉 Pros and cons of the property

👉 Target tenant pool segment-specific renovation items.

5️⃣ Estimate Renovation Cost - Based on the property manager’s recommendations, we estimate the renovation cost.

Only when a property passes all 5 steps will it be recommended to a client.

Our motto is: No one gets hurt under our watch.

Any questions about our process? Please let me know in the comments below.