In the world of property management, the process of due diligence can be equated to "a physical exam." with your doctor.
Much like the process when your doctor must examine under your hood, kick your tire, and check your fluid levels...This is when the prospective buyer of your community is allowed to examine the inner workings your property. In the like, the prospective buyer has been granted access to kick your tires, check your levels and look under your hood...so to speak, of course. In layman's terms, it is the equivelent of being granted access to your files, your office, your maintenace shop and every apartment home you manage (whether it is occuppied by a resident or not.) Every expense is questioned...every repair is scrutinized. Anything and everything can be made open and accessible to your propsective buyer, because it is expected that every effort to make sure that this sale goes through smoothly, is made.
Much like the dreaded dog and pony show, it is expected that every effort will be made to put you best foot forward in the effort to show like a champion and win best in show.
It's Friday afternoon at 2:45pm and I just received an email that we are due to perform Monday morning at 10:am...Better do diligent for due diligence!!! I've been given 65 hours to ensure things go well.
Looks like we are all taking one for the team because its going to be an extremely long weekend. At least my team will get to earn some overtime... those of us on salary aren't so luck, and are just expected to give up our weekend on a moments notice. Guess I better make some phone calls... Looks like I've gotta pull a rabbit out of my hat.
Did I say this was a "thankless job?"

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