Published by NestEdge Realty. This is a practical guide, not an independent agent ranking or a guarantee of results.
A multifamily property requires review of both the building and the existing occupancy arrangements. Matthew Gluck at NestEdge Realty can coordinate property information, while your attorney, lender and inspectors evaluate their respective questions.
Verify the approved use
Ask for available certificates, permits and municipal records showing the authorized units and uses. Do not assume the number of kitchens or an advertised unit count settles the question. Have the appropriate office and your attorney resolve discrepancies before relying on rental plans.
Review occupancy documents
Request leases, relevant payment records and information about deposits and obligations through appropriate channels. Have an attorney evaluate tenant rights and applicable restrictions. Do not assume you can immediately change rents, end occupancy or use a unit yourself.
Build a documented expense picture
Review taxes, insurance, utilities, maintenance and known repairs. Distinguish actual collections from projected rent. Include uncertainty about vacancies and future work when evaluating the property; an advertised gross-rent figure is not a guarantee of net income.
Coordinate financing and inspection
Ask the lender what it requires for the property type and intended occupancy. Arrange inspections and specialist follow-up as appropriate. Discuss information requests with Matthew Gluck and bring financial and legal decisions to qualified advisers. Keep unresolved records visible rather than treating a seller’s estimate as a verified investment result.