You should know how many units exist in the complex and under what conditions they are. The last time I saw one, until they were broken! You can see under what conditions is collating a certain percentage of the total units and assuming that most are in that condition. However, it is always best to check all drives to know exactly the overall condition of the department. This can be a base to lower the price they ask if the unit is in much worse condition than it should be. The vacancy factor is important.

When a property has many vacancies, as 20% or more, is not doing very well. If you can fill these spaces, then their ability to transform the property will be much higher. You can view all contracts of employment, and may ask tenants to sign a paper to verify the contracts they gave to you. May be surprised how many owners may try to lower the vacancy factor giving false contracts, just to make your property more profitable. However, if you’re arranging the property, then the more vacant, the more chances you have to raise the value and finding a profit. To evaluate this property, you must divide the price they ask for the number of units and see what the price per unit. You can use this to compare with other similar complexes in the area. You should also know what they are charging for rent, and what Such contracts are the tenants.

If rents are above market price, and what kinds of arrangements must be made. If tenants have a full service, or a net-direct hire, then you have the opportunity to change to a triple net basis, where tenants pay taxes, insurance and utilities. You can literally spend all costs of managing the department to the tenants. After all, they are the ones who use the facilities. I’m sure you can see the issues here. Should identify areas where you can increase or create value that did not exist. Make sure you get all the facts and numbers verified before buying a great investment. Prepare to do a little work and to change the venue. However, definitely pay the short term when you use a simple tool, such as raising income and exterior paint, or create a community where people want to live.