Our trained Due Diligence Team will complete a comprehensive property evaluation to assess the interior, exterior, and administrative condition of a potential acquisition
Interior Inspections – Multiple teams of maintenance technicians will walk each unit, digitally recording the condition of items in the units and taking pictures of issues for visual back up. Our inspection template can be customized to capture photos and conditions of specific client requests.
Exterior Inspection – Fully Insured and vetted Stout Trade Partners will inspect the property and provide a narrative along with scope and costs of any work needed on the property. Specific trades can be sent out per owner request to gather information on intended improvements/repairs.
File Audit – Our team of auditors will reconcile each physical lease with reports provided by the seller. Variance reports include scheduled rents and auxiliary income, deposits held, move-In and lease-start dates, and occupant names. Screening and demographic information is also recorded at time of audit to provide our clients with the best picture of their new tenant base.
Budgeting – Stout will summarize all findings from the Due Diligence walk and present to our clients in an easy-to-read format. Total cost for interior repairs/improvements, Capital Repairs, and property improvements will all be laid out to provide a picture of necessary investment into the property post-closing.
Asset Evaluation and Underwriting – When our owners are looking to purchase, they trust Stout management to provide input on the value of assets. Rent Surveys, market demographics, and operating expenses are all researched and provided to our clients at no cost to assist in growing their portfolio.