Once a property has been acquired, the stipulations of their property management plan is accomplished within three weeks of closing and maintained thereafter. This includes a thorough review of the property, as well as initiation of repairs as noted on inspection reports. These reports are secured and conducted during the due diligence and loan process.
The property management plan includes repairs of any electrical defects, plumbing leaks, and other deficiencies. This also includes roofing repairs and trimming of tree limbs, which are performed by a qualified party. A licensed HVAC technician handles heating and cooling repairs. All of these are done to ensure optimal performance of properties for the marketplace.