Due Diligence and Asset Management Lessons with Matt Kontoff

Matt Kontoff joins us for a practical conversation about what really happens after you get under contract on a property. From walking units and uncovering unexpected issues to managing turnovers, working with onsite teams, staying on top of lender requirements, and protecting your investment through strong asset management, Matt shares lessons learned from real experiences.

The conversation highlights why thorough due diligence and attention to detail can make such a difference when it comes to protecting your investors, your financing, and your bottom line.

Topics Covered

• The importance of walking every unit during due diligence
• How to handle units that cannot be inspected
• Planning for unexpected renovation and turnover costs
• When keeping rent the same can make more financial sense than increasing it
• Reducing vacancy and minimizing turnover time
• Inspecting units before residents move out
• Building trust and strong relationships with onsite property managers
• Using maintenance requests and work orders to stay ahead of property issues
• Making sure onsite teams understand and support the business plan
• Managing lender draws and keeping track of important dates
• Why following loan requirements and communicating with lenders matters
• How nonrecourse loans can potentially become recourse
• The importance of detailed lease audits and thorough due diligence
• Using accurate property information to strengthen negotiations and potential retrades

Quotes

• “Every loan is recourse. Ultimately, every loan is recourse.”
• “Make sure that you help create the accurate picture.”

Connect with Matt: https://www.linkedin.com/in/mattkontoff/

Connect with Angel: https://www.linkedin.com/in/angel-williams-re/