One of the most important steps an Owner can take either to protect him or herself from an unwise purchase or to help determine a price of a property, is to speak to our firm about a Due Diligence Report.
We analyze the DHCR rent registrations, DHCR case list, leases, ledgers and HPD and DOB records to evaluate the status of a building and the obstacles that lie ahead in managing such a property. Our Due Diligence Reports give you the critical information to counter a negative report from a potential Buyer, negotiate on price or to protect your new asset by seeking to escrow funds from the Seller.
Engaging our firm to prepare a Due Diligence Report is probably the most economical safeguard for a potentially large investment!