These are the checklists related to Dream Team - Post-Closing.
Your Real Estate Broker can often provide you with a list of his recommended referrals for each of these.
They don't all have to be completed at once. You can complete these as you need the specific Dream Team member.
When you click on the task, you can also see the tags that task is filed under. You can also click on the tag to see other tasks with that tag.
- Complete the "Dream Team - Post-Closing" checklist
Complete the "Dream Team - Post-Closing" checklist:
https://RealEstateFinancialPlanner.com/dream-team-post-closing/
AccountingBookkeepingBookkeeping and Accounting for NomadsDream Team - Post-ClosingPost-ClosingUltimate Nomad ChecklistWeek 44
- Determine your Photographer
You will want a Photographer to take professional photos of the property while it is vacant before you move in if this is a Nomad property or before a tenant moves in if this is a partnership purchase or a non-owner-occupant purchase.
We recommend that you have photos taken right after you close before you move in in almost all cases. You will use these photos when you're marketing the property to rent.
Ask your Real Estate Broker for a recommendation.
Mark this task as complete once you've decided which Photographer you will use to take photographs of the property after you close.
Dream TeamDream Team - Post-ClosingDream Team - Pre-ClosingMarketingUltimate Nomad ChecklistWeek 12Week 64
- Determine your Contract and Paperwork Attorney for Post-Closing Paperwork
If you're going to have your Lease (or any other paperwork you might sign) reviewed by an Attorney before you use it, you may want to determine who that attorney will be.
This attorney will also probably review your Contract to Buy and Sell Real Estate.
Ask your Real Estate Broker for a recommendation.
Mark this task as complete once you've decided which Contract and Paperwork Attorney you will use to help review your legal documents or if you're qualified to review them yourself.
Asset ProtectionDream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 54
- Meet with Contract and Paperwork Attorney to go over Lease
Once you've read through the Lease and highlighted sections you have questions about, take your questions and meet with your Contract and Paperwork Attorney and go over your questions about the Lease.
Mark this task as complete once you feel comfortable with the Lease.
Dream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 44
- Determine your Plumber
Decide which Plumber you will use to do a should you have plumbing issues with your property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a Plumber to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 19
- Determine your Flooring Company
Decide which Flooring Company you will use to do carpet or other flooring on the property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a Flooring Company to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 21
- Determine your Handyman
Decide which Handyman you will use to do a should you have general maintenance issues with your property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a Handyman to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 18
- Determine your Painter
Decide which Painter you will use to do painting on the property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a Painter to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 22
- Determine your Roofer
Decide which Roofing Company you will use to do roof related work on the property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a Roofing Company to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 23
- Determine your HVAC Company
Decide which HVAC Company you will use to do a heating and air conditioning work on the property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on a HVAC Company to use.
Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 24
- Determine your Electrician
Decide which Electrician you will use to do electrical work on the property.
You can ask your Real Estate Broker for recommendations.
Mark this task complete once you've decided on an Electrician to use.
Dream TeamDream Team - Post-ClosingDream Team - Pre-ClosingUltimate Nomad ChecklistWeek 20
- Determine your Credit and Background Check provider
Determine who you will use to run credit and background checks on your tenants and tenant-buyers.
Mark this task as done when you determine who you'll use.
Dream TeamDream Team - Post-ClosingTenant ScreeningUltimate Nomad ChecklistWeek 43
- If you haven't done so already, determine your Credit and Background Check provider
If you have not already done so, determine who you will use to run credit and background checks on your Tenants and Tenant-Buyers.
Mark this task as done when you determine who you'll use.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
- Research local landlord-tenant laws for your city, county, and state
Take some time to research the landlord-tenant laws for your city, county, and your state.
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
- Make sure you have adequate cash reserves
Make sure you feel comfortable with the cash reserves you have for your rental property.
Most CPAs will recommend you have between 6 months and 12 months of your mortgage payment, taxes, insurance and maintenance reserves for your property.
If you do not have this amount saved for your property, make it a goal to work on building up your account to have that for each rental property you have.
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
- Attend local landlord meetings
Find your local landlord group and attend meetings to stay abreast of the rental market and network with other landlords.
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
