In this Legacy Series episode of The RED Podcast, Ferd Niemann takes us through 30 Seller Deliverables to Request for Your Due Diligence.
Hosted by Jonathan Gilmore.

HIGHLIGHTS:

0:00 – Intro
2:03 – When do you ask for the seller deliverables?
7:16 – Request environmental reports for the property
8:04 – Ask for any construction drawings or as built drawings of infrastructure
10:24 – Copies of any easement agreements, amendments or derestriction
10:33 – Copies of any permits, certificates of occupancy or licenses
10:54 – Copies of any leases
11:27 – Reports, tests and ratings of the infrastructure
11:41 – Any appraisal of the property
12:09 – A copy of their current insurance policy
12:27 – A copy of any writer first refusal for any portion of the property
12:45 – Copy of any property tax bills or assessments
13:05 – Any letters of non-compliance from any governmental agencies
13:15 – Copies of utility bills
13:51 – Copies of all vendor and personnel contracts
15:20 – Contact information of all vendors and personnel
15:47 – Certified rent role
16:13 – List of 5 best and worst aspect of the property
16:35 – Copies of their bank statements
17:43 – Copies of financial reports
18:12 – Copies of tax returns
18:51 – List of any capital expenditure over the last 5 years and projected over the next 2 years
19:02 – List age and type of material of all utilities and infrastructure
19:17 – Status of the utility
20:01 – Date and amount of the last 3 rent increases
20:51 – The list of any personal property which is included in the sale
21:01 – List of any mobile homes included in the sale
21:18 – A list of any criminal activity or problems over the last 2 years
22:17 – The local police department will give you a report of the criminal activity

RESOURCES:

⁠Due Diligence – Seller Deliverable List