Key considerations when buying a rent roll

In last month’s newsletter, we talked about the 9 key considerations when selling a rent roll. This month, we talk about a few tips to keep in mind when buying a rent roll:

  • Having a strong team around you i.e. bank on board with finance, legal, and accounting support / advice
  • Due diligence on rent roll acquisition
  • Special clauses including restraint of trade, retention, finance, and due diligence
  • Ensuring all properties have management agreements and assignment clauses
  • Retaining staff where possible, minimising change, and therefore attrition
  • Acquiring social media in place, domains, mobile phone numbers- anything that provides new business opportunities or referrals
  • Communicate heavily with your client base by making phone calls- don't rely on just sending letters
  • Communicate with general creditors. Try to harbour continued strong relationships that have been built up over time and are in place

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