What's Hiding in Your Building? The Truth About Property Condition Assessments with Greg Trotter
Rental Property Owner & Real Estate Investor Podcast · Brian Hamrick
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Show Notes
Before you buy or lease commercial real estate, there's one report that can save you from six-figure surprises — the Property Condition Assessment.
In this episode, Greg Trotter, a 50-year veteran of construction, consulting, and expert witness testimony, joins us to explain why PCAs are essential to investor due diligence. From flood damage and corroded fire systems to structural defects hiding in plain sight, Greg breaks down how a thorough PCA protects your capital, prevents lawsuits, and gives you leverage at the negotiation table.
You'll learn:
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What's included in a PCA (and how it differs from a home inspection)
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The biggest deal-killers found in commercial properties
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Why banks and equity partners both rely on PCAs (but for different reasons)
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Real-world examples of surprises — including collapsing balconies, failed sprinkler systems, and one "missing" sewer line
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What happens when PCA reports are inaccurate — and why Greg sometimes ends up in court
Whether you're buying an apartment building, leasing a warehouse, or investing in a strip center, this episode will change the way you look at physical due diligence.
Find out more:
Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.