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Resident Quality | International Residential Real Estate Investors Association
Tuesday January 23rd 2018

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Resident Quality

Resident quality is a critical due diligence item.   There are a number of steps that should be taken prior to taking ownership:

  • Verify income qualifications,
  • Run criminal background checks for each resident, and
  • Run credit checks for each residents

Look at the aging reports to identify potential credit resident issues.

A next step is to look for commentary online for residents for clues about other behavior factors.

As part of due diligence, the property needs to be observed over several days and at various times of day.  This observation should identify loitering issues, resident behavior issues, possible drug dealing, etc.

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