🚶🏻 Walkthrough Checklist
Comp list
- ☐ Year built
- ☐ Number of units
- ☐ rent/footage by bedroom count
"800$ is out of price range, hoping for extra bed, but how much are the 1 beds?
- ☐ amenity upgrades packages
- ☐ is parking free
- ☐ POI nearby that’s walkable
- ☐ How many units are available/other applicants
“I’ll be moving here in a couple months, how many units are left?” Note customer service
Amenities
- ☐ Cabinet type (shaker?)
- ☐ Granite counter tops
- ☐ Black/stainless appliances
- ☐ Microwave
- ☐ Vinyl Floors
- ☐ Fireplace
- ☐ New Paint
- ☐ Tile backsplash
- ☐ In-unit Washer Dryer
- ☐ New light fixtures
- ☐ New plumbing fixtures
- ☐ 2” blinds
- ☐ Carport or garage
- ☐ Patio
Inspection
Outside
- ☐ Roof
- ☐ Parking
- ☐ Landscaping
- ☐ Exterior Signage
- ☐ Current occupancy
- ☐ How has the property operated in the last year
- ☐ Number of renters calling every week
- ☐ Any amenities here get used
- ☐ Main demographic
- ☐ Last time repair deferred maintenance
- ☐ Bad debt
- ☐ Crime
- ☐ Biggest Competitor
- ☐ Most in demand unit types
- ☐ Property unique decisive qualities
- ☐ “If I gave you 100k, how would you improve property”
Inside
- ☐ Unit condition vs in demand units
- ☐ Walkin closets
- ☐ Open floor plan
- ☐ level of renovations match underwriting assumption
- ☐ Highlight of units
- ☐ Closest retail center
- ☐ Demographic of retail center
- ☐ How far away is the nearest chipotle, mcdonalds, walmart, starbucks