The main objective of this paper is to determine the requirements for IoT forensics. The development of requirements for Internet of Things (IoT) forensics will make a groundbreaking contribution to the current body of knowledge. The secondary objective of the paper is the formulation of a Digital Forensic Readiness (DFR) model for the implementation of IoT forensics. The model aims to address the shortfalls of the requirements, as well as incorporate various Digital Forensic (DF) techniques that can be used in IoT environments. The model is presented in theoretical as well as graphical form. The model is then discussed to highlight various areas of possible new research. The model is furthermore evaluated to determine the level of contribution it makes to the current body of research.