The do's and don'ts of buying a rent roll

  • Having last financial year set of accounts ready and available. Often this is a factor overlooked and mid due diligence it is required by buyer and buyer’s bank or accountant
  • Having a strong team around you ie; bank on board with finance, legal and accounting.
  • Completing strong due diligence on rent roll acquisition. In the vendor’s case, this should be done prior to selling to ensure their book is clean and up to scratch
  • Clauses including restraint of trade, retention, finance and due diligence on formal offer are all important
  • Retaining staff where possible, particularly the property managers who hold key relationships with owner clients and will ensure attrition is minimised
  • NDA’s or confidentiality agreements signed prior to providing any information to potential buyers. Information on acquisition is sensitive and should be treated so
  • Ensuring all properties have management agreements and assignment clauses

Published on 04/15/2019

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About the author

Hamish has over 17 years of experience within the property management industry and has experience throughout New Zealand and Australia as a manager, principal and consultant. He utilised all of this experience to form a property management business that he expanded between 2009 and 2016 into 7 locations around New Zealand.

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