From the Boiler Room

Here’s a quick video from the boiler room of a property where we recently performed due diligence.

A few folks have asked us: Why do you have so many people on-site for your due diligence walkthroughs?

So Many Inspectors

Why do you have so many inspectors? So many specialists in electrical systems, plumbing, rooftops, concrete, etc? Why do you have people in the office reviewing every lease?

Isn’t that overkill?

What Is Due Diligence?

What is due diligence?

Due diligence the formal process that the ROIClear team goes through when inspecting a property before acquisition. Our investors trust us to thoroughly review all aspects of a property before we move forward. We always bring a big team on-site when we go through DD.

Forming, Storming, Norming, Performing

A few decades ago, I was introduced to a framework that describes the growth and hiccups of teams. Every team goes through these four stages:

1. Forming. Earliest days for the new team.

2. Storming. First disagreement within the team.

3. Norming. Regrouping after the disagreement.

4. Performing. The team enjoys its first collective success.

Why?

Why will a team go through these stages? Because teams consist of humans. Let’s explore this model further.

Saying Yes

Our company, Bridgetown Partners, buys multifamily apartment properties and improves them so that we can give people a great place to live. We are stewards over our investors’ money, and we say NO to a lot of deals. We sift through hundreds of deals before closing on one.

And it makes us smile when we can finally say yes!

Property Improvements - Everybody Wins

 
Something that excites me about the real estate business: It it possible to structure deals so that everybody wins.

• Residents win when we buy a property and improve it. We’re giving them a great place to live.
   
  
• Investors win because our improvements make it possible for the property to generate more income. The additional income is shared between our investors and our team.

Wonderful things happen when we structure a deal in the right way!