Due
Diligence


Kane Residential performs a thorough Due Diligence inspection and file audit for both new and existing clients at a time prior to acquisition or management change of any asset. Our dedicated due diligence and transition team works hand in hand with our clients during the process to insure that their questions are answered timely and accurately. Upon management assumption our operating teams work in tandem with due diligence team to expedite the business plan drafted for each individual asset. Full inspection results and reports are delivered in an expedient manner within 2 weeks of completion of site visit. Accelerated delivery of reports is available upon request. Our inspection, audit and analysis include the following:

  • Unit Interior inspections to identify current condition, deferred maintenance and value add improvement options
  • Exterior inspection of all buildings and building components
  • Thorough lease file audit – for terms, compliance, screening and resident demographic details
  • Examination of leasing and marketing, rent retention efforts, promotion, market rents, and curb appeal
  • Identification of market comps
  • Full market survey of applicable comps in submarket
  • Thorough analysis of financial statements and contractual obligations
  • Preparation of Year I Operating budget and Year 2 Stabilized budget (where applicable)
  • Audit of existing personal property inventory
  • Exterior Lighting Survey
  • Risk Management audit
  • Staff/Team assessments
  • Business plan for Year 1