#TENANT PRO 6 CONSULTING UPDATE#
We recommend clients update their database on an on-going basis. ˆclick here to return to the top of the page This service is typically budgeted in the acquisitions budget for Lenders and Owners and most often times a pass-through for property management companies as a consulting service. In addition, MarketPro Consulting’s database allows the abstracting to be completed in fewer hours, which results in client savings as well. The benefits to outsourcing Due Diligence is most Lenders, Owners, Brokers, and property management companies do not have staff at their disposal to abstract leases, because it is simply not economical. A “One Time” need for potential Owners, Brokers or Lenders for the analysis of the rent roll, expense recoveries, options, encumbrances, tenant and landlord obligations (or other items the client wishes to be abstracted for analysis). The database is then updated on an on-going basis as described further in Lease Administration.Ģ. To create the initial database of information for a property. Once the leases are abstracted, a binder of abstract reports is compiled along with reports specific to the checklist items, and an electronic copy is emailed to the client as well.ġ. The client determines which items are to be abstracted via the “Abstract Checklist”. Property Managers acquiring a new property management assignmentĭuring Due Diligence, leases are abstracted into a database.
Lenders or owners acquisitioning/dispositioning a propertyģ. Due Diligence is most commonly performed for the following clients:Ģ.
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