When Property Managers Say “It’s a Quick Turn” and My Underwriting Explodes
- ricklahkar
- Apr 30
- 1 min read
Broker: 60-day close, clean rent roll Property Manager: “Minor” issues = 3 roof leaks, 17 HVACs, 1 ghost tenant Lender: Send final CAM recs + estoppels by EOD Me opening Excel: 47 tabs later, the elevator and my DSCR both drop 📉 Expectation: Proforma NOI; Reality: BOMA tape-measure speedrun 🏃♂️
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