{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Live Deal Analysis Workshop Part 2 \u2014 OMs, Occupancy, CapEx & Property Taxes","description":" The offering memorandum is a marketing document. Some of the numbers in it are wrong \u2014 and a few of them are deliberately wrong. In Part 2 of the Live Deal Analysis Workshop, Mark Kenney works through the questions most investors don\u2019t know to ask: how to read occupancy without trusting it, what \u201cfree and clear\u201d actually means, and why a single property tax line item can quietly cost you hundreds of thousands of dollars. In this episode you will learn: \u2022 Why sellers certify the rent roll at closing \u2014 and what you can actually do when occupied units turn out to be vacant \u2022 Why 95% occupancy is a signal to raise rents \u2014 not a ceiling \u2014 and the Fannie\/Freddie 90\/90 rule for agency financing \u2022 How to evaluate CapEx per door based on where money was spent \u2014 not just how much \u2022 What \u201cfree and clear\u201d means in a listing, and how bogus mechanic\u2019s liens work and how to bond around them \u2022 Why the pro forma property tax figure is almost always wrong \u2014 and the $280,000 real-world example that illustrates why it matters \u2022 How the cap rate multiplier turns a small property tax error into a massive valuation mistake This is Part 2 of a two-part series. Listen to Episode 144 first if you haven\u2019t already. Join us at our next event at https:\/\/thinkmultifamily.com\/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.   Read the full podcast shownotes, timestamps, resources, and key insights from this episode here: Podcast Show Notes ","author_name":"Think Multifamily Podcast","author_url":"https:\/\/thinkmultifamily.com","html":"