Real Estate Investors: Are You Asking Developers and Operators the Right Questions?
Before any commercial real estate transaction, investors must conduct their due diligence. This means asking developers and operators the right questions beforehand to make certain critical investment criteria are met. Recently, our Timothy Van Noy, who specializes in claims, fraud risk assessments and forensic investigations in the construction industry, was interviewed by Honest Buildings for the article “8 Things Real Estate Investors Should Ask Developers and Operators Before Investing.” Timothy gave his insights into important question such as:
- Do they have a structured enterprise-grade accounting system in place?
- Are they getting competitive bids for your projects?
- Are they managing their project documentation effectively?
- Can you get a historical record of the capital projects and maintenance history in a building?
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