Two structured playbooks. Zero guesswork.
Whether you're evaluating an acquisition or handing us an asset already in operation, Wrenmark runs the same documented playbook every time, so nothing depends on memory and nothing gets missed at handoff.
Run before any acquisition, or before any new management engagement is finalized.
Financial & Lease-File Audit
3–5 business daysRent roll reconciled line by line against signed leases, T-12 income and expense review, and delinquency and collections history pulled directly from source records rather than the seller's summary.
Deliverable: Financial & Lease Audit SummaryPhysical & Capex Assessment
5–7 business daysUnit-by-unit condition survey, deferred-maintenance inventory, and a forward-looking capital-expenditure estimate covering roofs, HVAC, plumbing, and life-safety systems.
Deliverable: Capex & Condition ReportMarket & Comp-Set Positioning
3–4 business daysRent and concession benchmarking against a defined comp set, absorption trends, and a realistic occupancy and rent-growth projection for the submarket.
Deliverable: Market Position MemoCompliance & Risk Review
3–5 business daysInsurance coverage audit, Fair Housing and TREC-licensing check, a search for outstanding code violations or litigation, and coordinated title & lien review.
Deliverable: Compliance & Risk ChecklistGo / No-Go Recommendation
1–2 business daysEvery finding is consolidated into a single owner-facing recommendation with a clear underwriting basis of proceed, renegotiate, or pass before a dollar changes hands.
Deliverable: Due Diligence Report & RecommendationRun on every new engagement, manager change, or disposition.
Records & File Transfer
Week 1Full lease files, rent roll, deposit ledger, and vendor contracts are handed off from the outgoing manager or seller and reconciled line by line before go-live, not after.
Deliverable: Transition Audit ChecklistVendor & Contract Realignment
Week 1–2Every vendor contract is reviewed, renegotiated, or replaced against Wrenmark's vetted specialist network for maintenance, landscaping, insurance, and utilities, with no service gap at cutover.
Deliverable: Vendor Transition LogSystems & Reporting Setup
Week 2Property loaded into Wrenmark's accounting and reporting systems, KPI dashboard configured, and the owner-reporting cadence established from day one.
Deliverable: Owner Reporting SetupResident Communication Plan
Week 2Move-in packets, updated payment portals, and a direct notice to every resident introduce the new management contact and process before the transition date, not after.
Deliverable: Resident Notice PackageGo-Live & 30-Day Review
Day 30Full operational cutover is followed by a structured 30-day performance check-in against the due-diligence baseline, with adjustments made immediately if actuals diverge from plan.
Deliverable: 30-Day Transition Review