After

The After checklist are the things that Nomad should do after you’ve purchase one or more Nomad properties. It consists of tasks for managing and keeping up with the Nomad properties you own.

It is part of the three major checklists that we have:

Before During After

We have a similar set of Before, During and After checklists for the things that real estate agents working with Nomads should use.

After

The following are my recommendations for tasks that Nomad should completed after you’ve purchased one or more Nomad properties.

Complete "After" checklist
Complete the "After" checklists:

https://RealEstateFinancialPlanner.com/after/

After Checklists Ultimate Nomad Checklist Week 13
Complete "Post-Closing" checklist
Complete the "Post-Closing" checklist:

https://RealEstateFinancialPlanner.com/post-closing/

After Checklists Buying Process Overview Post-Closing Ultimate Nomad Checklist Week 13
Sponsor Read "After for Real Estate Agents"
Read the "After for Real Estate Agents" blog post on

https://RealEstateFinancialPlanner.com/after-agent/

After Checklists For Real Estate Agents Sponsors

Buying Process Overview:
Post Closing

buying-process-overview-post-closing

First 30 Days After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Turn off automatic property search emails
Once you've closed on your property, you can safely turn off property search emails until you're ready to buy another property.

Ask your Real Estate Broker to pause the automatic property search emails for you until you're ready to start buying again.

Mark this task as complete when you've asked your Real Estate Broker to pause your property search emails.

Post-Closing Property Search Ultimate Nomad Checklist Week 14
Read "Catch Up For Retirement Nomad Overview"
Read the "Catch Up For Retirement Nomad Overview" blog post on

https://RealEstateFinancialPlanner.com/catch-up-for-retirement-nomad-overview/

Catch Up Nomad Nomad Basics Ultimate Nomad Checklist Week 14
Class Watch "Catch Up Nomad Overview" Recording of Live Class
Watch the recording of the live presentation of "Catch Up Nomad Overview" available on:

https://RealEstateFinancialPlanner.com/catch-up-nomad-classes/

Catch Up Nomad Classes Ultimate Nomad Checklist Week 14
Class Watch "The Ultimate Guide to CapEx for Rental Property" Recording of Live Class
Watch the recording of the live presentation of "The Ultimate Guide to CapEx for Rental Property" available on:

https://RealEstateFinancialPlanner.com/capex/

Analyzing Deals Capital Expenses Classes Ultimate Nomad Checklist Week 16
Read "Nomad with Lease Option Exit Book" for your city
Read the "Nomad with Lease Option Exit Book" for your city:

https://RealEstateFinancialPlanner.com/book/

ASAP Lease-Option Nomad Basics Tenant-Buyers Ultimate Nomad Checklist Week 17
Class Watch "Nomad with Lease Option Exit Overview" Recording of Live Class
Watch the recording of the live presentation of "Nomad with Lease Option Exit Overview" available on:

https://RealEstateFinancialPlanner.com/nomad-with-lease-option-exit-overview/

ASAP Classes Lease-Option Tenant-Buyers Ultimate Nomad Checklist Week 17
Class Watch "How to Acquire a Multi-Million Dollar Real Estate Portfolio with just $3,000" Recording of Live Class
Watch the recording of the live presentation of "How to Acquire a Multi-Million Dollar Real Estate Portfolio with just $3,000" available on:

https://realestatefinancialplanner.com/3k/

Classes Get Your First Deal Done Lease-Option Nomad Basics Tenant-Buyers Ultimate Nomad Checklist Week 15

Month 2 After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Class Watch "Analyzing Deals 101" Recording of Live Class
Watch the recording of the live presentation of "Analyzing Deals 101: an Intro to Cash on Cash Return on Investment" available on:

https://RealEstateFinancialPlanner.com/cash-on-cash/

Analyzing Deals ASAP Cash Flow Classes First Meeting: Analyze Deal Net Operating Income Return On Investment Ultimate Nomad Checklist Week 18 Week 2
Read "Net Operating Income"
Read the "Net Operating Income" blog post on

https://RealEstateFinancialPlanner.com/net-operating-income/

Analyzing Deals ASAP Cash Flow First Meeting: Analyze Deal Net Operating Income Optional Understanding Appreciation Week 18 Week 3
Read "Return On Investment"
Read the "Return On Investment" blog post on

https://RealEstateFinancialPlanner.com/return-on-investment/

ASAP Optional Return On Investment Ultimate Nomad Checklist Understanding Appreciation Week 18 Week 4
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 Team Dream Team - Post-Closing Ultimate Nomad Checklist Week 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 Team Dream Team - Post-Closing Ultimate Nomad Checklist Week 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 Team Dream Team - Post-Closing Ultimate Nomad Checklist Week 18
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 Team Dream Team - Post-Closing Dream Team - Pre-Closing Ultimate Nomad Checklist Week 20
Download Brian's Bookkeeping and Accounting Spreadsheet
If you've decided to download and use Brian's Bookkeeping and Accounting Spreadsheet to keep track of your income and expenses on your rental and Nomad properties, you can download a copy of it here:

https://realestatefinancialplanner.com/real-estate-bookkeeping/

If you're not going to use Brian's accounting spreadsheet, you can skip this step and mark it as complete.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18
Setup Bookkeeping System
You should setup your bookkeeping system for your rental property. There are several options to choose from including just hiring a bookkeeper/accountant to do it for you to using the tools we provide.

Of course, you could keep track of your income and expenses in software like QuickBooks and have your accountant prepare taxes at the end of the year. There are also property management software packages that allow you to do bookkeeping and accounting as well.

If you don't have a strong preference, we recommend you setup either Brian's bookkeeping and accounting spreadsheet or use web-based version on RealEstateFinancialPlanner.com to start tracking income and expenses for property.

Mark complete once you've set up bookkeeping and accounting for this property.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18
Keep books monthly
Each month enter the income and expenses for the property and your LLCs.

The longer you delay doing this the more painful it becomes especially as you forget what expenses were for and why.

It is much easier to do it either: as you receive them or, at least, once a month.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18
Enter income as you receive it
Each time you receive income, log it in your accounting system.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18
Enter expenses as they occur
Each time you spend money or have an expense, log it in your accounting system.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18
Class Watch "Warning: The Dangers and Risks of Real Estate" Recording of Live Class
Watch the recording of the live presentation of "Warning: The Dangers and Risks of Real Estate" available on:

https://RealEstateFinancialPlanner.com/warning-the-dangers-and-risks-of-real-estate/

Classes Emergency Plan Ultimate Nomad Checklist Week 21
Class Watch "Analyzing Deals 201: Selling with Lease Option" Recording of Live Class
Watch the recording of the live presentation of "Analyzing Deals 201: Selling with Lease Option" available on:

https://RealEstateFinancialPlanner.com/lease-options-classes/

Analyzing Deals ASAP Cash Flow Classes Lease-Option Net Operating Income Return On Investment Tenant-Buyers Ultimate Nomad Checklist Week 19
Class Watch "Analyzing Deals 301: Multi-Family for Nomads" Recording of Live Class
Watch the recording of the live presentation of "Analyzing Deals 301: Multi-Family for Nomads" available on:

https://RealEstateFinancialPlanner.com/analyzing-deals-301-multi-family-for-nomads/

Analyzing Deals Classes Multi-Family Net Operating Income Ultimate Nomad Checklist Week 20
Class Watch "Interest Rate Scenarios for Nomads" Recording of Live Class
Watch the recording of the live presentation of "Interest Rate Scenarios for Nomads" available on:

https://RealEstateFinancialPlanner.com/interest-rate-scenarios/

Classes Financing Interest Rate Ultimate Nomad Checklist Week 18

Month 8 After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Complete the "Dream Team - Post-Closing" checklist
Complete the "Dream Team - Post-Closing" checklist:

https://RealEstateFinancialPlanner.com/dream-team-post-closing/

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Dream Team - Post-Closing Post-Closing Ultimate Nomad Checklist Week 44
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 Team Dream Team - Post-Closing Lease Paperwork Ultimate Nomad Checklist Week 44
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 Team Dream Team - Post-Closing Tenant Screening Ultimate Nomad Checklist Week 43
Complete the "Property Maintenance" checklist
Complete the "Property Maintenance" checklists:

https://RealEstateFinancialPlanner.com/property-maintenance/

Post-Closing Property Maintenance Ultimate Nomad Checklist Week 44
Complete the "Post-Closing Bookkeeping and Accounting" checklist
Complete the "Post-Closing Bookkeeping and Accounting" checklist:

https://RealEstateFinancialPlanner.com/post-closing-bookkeeping-and-accounting/

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 44
Complete the "Maintain Your LLC" checklist
Complete the "Maintain Your LLC" checklist:

https://RealEstateFinancialPlanner.com/maintain-your-llc/

Maintain Your LLC Post-Closing Ultimate Nomad Checklist Week 44
Complete the "Prepare to be a Landlord" checklist
Complete the "Prepare to be a Landlord" checklist:

https://RealEstateFinancialPlanner.com/prepare-to-be-a-landlord/

Post-Closing Prepare to be a Landlord Ultimate Nomad Checklist Week 44
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 Team Dream Team - Post-Closing Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 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 Team Dream Team - Post-Closing Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 43
Review Fair Housing Act
Review Fair Housing Act before writing your ad to make sure you do not violate any laws.

https://www.hud.gov/fairhousing

Be sure to check for any updates or modifications to this act.

Advertise Property for Rent Marketing Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 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 Team Dream Team - Post-Closing Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 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 Team Dream Team - Post-Closing Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 43
Create Tenant Process
Write out your own process for screening and approving tenants.

Plan ahead by considering all possible what-if scenarios you can think of and what you'd do in each situation before it happens. Write this out.

Mark this task complete when you have your process written out.

Prepare to be a Landlord Tenant Screening Tenants Ultimate Nomad Checklist Week 43
Create Tenant-Buyer Process
If you're offering the property to a Tenant-Buyer on a Lease Option, write out your own process for screening and approving Tenant-Buyers.

Plan ahead by considering all possible what-if scenarios you can think of and what you'd do in each situation before it happens. Write this out.

Mark this task complete when you have your process written out.

Prepare to be a Landlord Tenant Screening Tenant-Buyers Ultimate Nomad Checklist Week 43
Class Watch "Mock Tenant Screening" Recording of Live Class
Watch the recording of the live presentation of "Mock Tenant Screening" available on:

https://RealEstateFinancialPlanner.com/mock-tenant-screening/

Classes Lease Lease-Option Prepare to be a Landlord Property Management Solving Tenant Challenges Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 42
Get or create "Move-In Inspection Report" and "Move-Out Inspection Report"
Get or create your own "Move-In Inspection Report" and "Move-Out Inspection Report" that you can use with your Tenant or Tenant-Buyer.

You can usually get this either from your Real Estate Broker or your Contract and Paperwork Attorney.

Mark this task complete when you have a "Move-In Inspection Report" and "Move-Out Inspection Report".

Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 45
Class Watch "The $5,000 Lease Demystified" Recording of Live Class
Watch the recording of the live presentation of "The $5,000 Lease Demystified" available on:

https://realestatefinancialplanner.com/the-5k-lease-demystified-nomad-2017-edition/

Classes Lease Lease-Option Prepare to be a Landlord Property Management Solving Tenant Challenges Tenants Ultimate Nomad Checklist Week 44
Get or create "Lease"
Download a copy of the "Lease" you intend to use (either from your Attorney or from your Real Estate Broker) or create your own with the help of your Attorney.

https://RealEstateFinancialPlanner.com/lease/

Mark this task complete once you have a copy of the "Lease".

Lease Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 44
Read "Annotated Lease"
If you're using my "Lease", read the "Annotated Lease" to see examples of the "Lease" filled in and see how we explain it to Tenants and Tenant-Buyers.

https://RealEstateFinancialPlanner.com/lease/

Mark this complete once you've read through the "Annotated Lease".

Lease Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 44
Read through "Lease"
Read through your "Lease" and highlight any sections you have questions about. Write down the questions you have.

Mark this task complete once you've read through the "Lease".

Lease Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 44
Class Watch "Property Management Mastery" Recording of Live Class
Watch the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Classes Prepare to be a Landlord Property Management Solving Tenant Challenges Tenants Ultimate Nomad Checklist Week 45
Review "Tenant Buyer Sales and Marketing" Recording of Live Class
If you have not recently watched the recording of the live presentation of "Tenant Buyer Sales and Marketing" you should review it:

https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/

Advertise Property for Rent Lease-Option Marketing Tenant-Buyers Ultimate Nomad Checklist Week 43
Review "Tenant Buyer Sales and Marketing" Recording of Live Class
If you have not recently watched the recording of the live presentation of "Tenant Buyer Sales and Marketing" you should review it:

https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/

Lease-Option Marketing Take Calls from Tenants Tenant-Buyers Ultimate Nomad Checklist Week 43
Class Watch "Tenant Buyer Sales and Marketing" Recording of Live Class
Watch the recording of the live presentation of "Tenant Buyer Sales and Marketing" available on:

https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/

Classes Lease-Option Marketing Tenant-Buyers Ultimate Nomad Checklist Week 43
Review "Mock Tenant Screening" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Mock Tenant Screening" available on:

https://RealEstateFinancialPlanner.com/mock-tenant-screening/

Lease Lease-Option Process Application Property Management Solving Tenant Challenges Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 42
Review "Tenant Buyer Sales and Marketing" Recording of Live Class
If you have not recently watched the recording of the live presentation of "Tenant Buyer Sales and Marketing" you should review it:

https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/

Approve Applicant Ultimate Nomad Checklist Week 43
Review "Mock Tenant Screening" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Mock Tenant Screening" available on:

https://RealEstateFinancialPlanner.com/mock-tenant-screening/

Approve Applicant Ultimate Nomad Checklist Week 42
Let Tenant/Tenant-Buyer know they're approved
Once you've approved them, let Tenant/Tenant-Buyer know they're approved by phone and email.

Coordinate meeting with them to get "Reservation Deposit Agreement" and the Reservation Deposit.

Approve Applicant Ultimate Nomad Checklist Week 42
Send Tenant/Tenant-Buyer "Lease" to review
Send your approved Tenants/Tenant-Buyers a copy of the "Lease" that you're going to ask them to sign.

Approve Applicant Ultimate Nomad Checklist Week 42
UNTIL YOU HAVE RESERVATION DEPOSIT: Continue marketing and processing applications
Until you have a "Reservation Deposit Agreement" and the reservation deposit in hand, continue to market the property and process applications.

No matter how solid you think your Tenant/Tenant-Buyers are it isn't rented until the paperwork is done.

Approve Applicant Ultimate Nomad Checklist Week 42
IF NOT APPROVED: Notify Tenant/Tenant-Buyer they've been declined
If the Tenant/Tenant-Buyers do not meet your criteria then notify them they have not been approved.

If they did not pass because of credit reasons you are required to notify them in writing.

Some landlords will let Tenant/Tenant-Buyers know what they'd need to do to qualify. For example, you might agree to rent to them if they prepare for 6 months of rent or get a co-signer, etc.

Approve Applicant Ultimate Nomad Checklist Week 42
Get Tenant/Tenant-Buyer to sign "Reservation Deposit Agreement"
Once you've approved your Tenant/Tenant-Buyer have Tenant/Tenant-Buyer complete the "Reservation Deposit Agreement" and give you a reservation deposit.

Collect Reservation Deposit Ultimate Nomad Checklist Week 42
Collect reservation deposit from Tenant/Tenant-Buyer
Collect reservation deposit from Tenant/Tenant-Buyer.

Collect Reservation Deposit Ultimate Nomad Checklist Week 42
Pause marketing and running applications
Once you have a signed "Reservation Deposit Agreement" and the reservation deposit in certified funds from your Tenant/Tenant-Buyers, you can pause your marketing of the property and stop running additional applications.

Collect Reservation Deposit Ultimate Nomad Checklist Week 42
Review "The $5,000 Lease Demystified" Recording of Live Class
If you haven't done so recently, review the recording of the live presentation of "The $5,000 Lease Demystified" available on:

https://realestatefinancialplanner.com/the-5k-lease-demystified-nomad-2017-edition/

Lease Signing and Lease Review Ultimate Nomad Checklist Week 44
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Lease Signing and Lease Review Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Document Property Condition Ultimate Nomad Checklist Week 45
Record condition of property
Record a video of the condition of the property with video just prior to giving possession to your new Tenant/Tenant-Buyer in case there is a dispute later.

Save a copy to your tenant folder in Dropbox.

Document Property Condition Ultimate Nomad Checklist Week 45
Provide Tenant/Tenant-Buyer with "Move-In Inspection"
Have your Tenant/Tenant-Buyer document the condition of the property at the time of move-in by completing the "Move-In Inspection".

Document Property Condition Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Pre-Occupancy Reminders to Tenant Ultimate Nomad Checklist Week 45
Remind your Tenant/Tenant-Buyer of the following
Remind your Tenant/Tenant-Buyer of the following:
- When their move-in date and time is and what happens if the current occupant is not out in time
- When their rent is due and how much is due (especially true if they are moving in mid-month)
- Expected maintenance schedule for the Tenant/Tenant-Buyer
- That they need to get a renter's insurance policy with liability insurance (this applies to roommates as well) and they need to provide you a copy of the policy as proof
Pre-Occupancy Reminders to Tenant Ultimate Nomad Checklist Week 45
Remind your Tenant/Tenant-Buyer about Utilities
Remind your Tenant/Tenant-Buyer about Utilities
- Send them a list of utilities & phone numbers that need to be switched to their name
- Remind them this must be done before move-in day
Pre-Occupancy Reminders to Tenant Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Prepare to be a Landlord Property Management Solving Tenant Challenges Tenant Move-In Tenants Ultimate Nomad Checklist Week 45
Give Tenant Access to the Property
Give tenant access to the property:
- Meet tenant to collect cashier's check and give them keys
- Have a lock-box and text them the code late the night before/early that morning
Property Management Solving Tenant Challenges Tenant Move-In Tenants Ultimate Nomad Checklist Week 45
Check-In with Tenant
Check-In with Tenant later in the day with a text/call to:
- Build rapport
- Ask how the move-in is going
- Ask whether the property is in the condition they expected
- Remind them to complete Move-In form and email back within 7 days
Property Management Solving Tenant Challenges Tenant Move-In Tenants Ultimate Nomad Checklist Week 45
Remind your Tenant/Tenant-Buyer of the following (again)
Remind your Tenant/Tenant-Buyer of the following when they move in:
- When their move-in date and time is and what happens if the current occupant is not out in time
- When their rent is due and how much is due (especially true if they are moving in mid-month)
- Expected maintenance schedule for the Tenant/Tenant-Buyer
Tenant Move-In Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done it recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Tenant Week 1 Ultimate Nomad Checklist Week 45
Receive "Move-In Inspection Report" from Tenant/Tenant-Buyer and save to Dropbox
Collect the filled out "Move-In Inspection Report" from Tenant/Tenant-Buyer and save a copy to the tenant's folder in Dropbox.

Tenant Week 1 Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Tenant Month 1 Ultimate Nomad Checklist Week 45
Verify Tenant/Tenant-Buyer replaced furnace filter
Email or text Tenant/Tenant-Buyer and ask if they had any problems changing the furnace filter in the first month as a gentle way of reminding them they need to do it and verifying it was done.

Tenant Month 1 Ultimate Nomad Checklist Week 45
Remind Tenant/Tenant-Buyer rent due date and amount
Email and/or text your Tenant/Tenant-Buyer to remind them when rent is due and the amount that is due (especially if they moved in mid-month).

Tenant Month 1 Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Tenant Periodic Inspections Ultimate Nomad Checklist Week 45
Replace fire extinguishers
Replace fire extinguishers to prepare for the next Tenant/Tenant-Buyer.

They have limited lifespans and it is probably cheaper to just buy new ones than to have them serviced.

Property Management Solving Tenant Challenges Tenant Move-In Tenant Turn-over Preparation Tenants Ultimate Nomad Checklist Week 45
Get Umbrella Insurance Policy
Call your Insurance Agent and get an Umbrella Insurance policy to protect you and your growing real estate empire.

Prepare to be a Landlord Ultimate Nomad Checklist Week 45
Baseline for Tenant Interactions
Remember the following when approaching Tenant Interactions
- Build Trust and Rapport
- Communicate Regularly
- Respond Quickly
- Handle Reasonable Requests
- Be Firm but Fair
- Set Expectations and Hold to Them
- Document Everything
- Remain Calm
- If you can't be calm - Hire a Property Manager
Prepare to be a Landlord Ultimate Nomad Checklist Week 45
Service AC and furnance
Have AC and furnace serviced preparing for next Tenant/Tenant-Buyer.

Tenant Turn-over Preparation Ultimate Nomad Checklist Week 45
Change furnace filter
Your HVAC person may replace the furnace filter for you, but they may not. So, make sure you have a new furnace filter installed.

Tenant Turn-over Preparation Ultimate Nomad Checklist Week 45
Check for leaks
Check for leaks under all sinks and near all water sources. Fix them as required.

Tenant Turn-over Preparation Ultimate Nomad Checklist Week 45
Schedule carpets to be cleaned
Call your carpet cleaner and schedule a time for them to clean the carpets right after the current tenant vacates the property.

Tenant Turn-over Preparation Ultimate Nomad Checklist Week 45
Plan on Changing the Locks
Make arrangements for getting the locks changed the day the old tenants move out.

Tenant Turn-over Preparation Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Tenant Turn-over Ultimate Nomad Checklist Week 45
Review "Property Management Mastery" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Post-Move-Out Ultimate Nomad Checklist Week 45
Complete final accounting and return remaining security deposit
Complete your final accounting and return the remaining security deposit to your previous Tenant/Tenant-Buyer.

Post-Move-Out Ultimate Nomad Checklist Week 45

Month 9 After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Review Service Animal Laws
Review the rules and regulations regarding service animals. Use the following links as a starting point.

HUD guidelines regarding Service Animals

https://www.hud.gov/program_offices/fair_housing_equal_opp/assistance_animals

Article published by a Colorado based law firm on this

https://frascona.com/landlords-guide-to-handling-tenants-request-for-assistance-animals/

Consult your attorney when making any decisions or policies regarding the accommodation of persons with service animals as the laws may have been modified or changed.

Paperwork Prepare to be a Landlord Rental Application Tenant Screening Ultimate Nomad Checklist Week 48
Get or create "Rental Application"
Get or create your own "Rental Application" to be used when tenants and/or tenant-buyers apply to rent your properties.

Use the Nomad "Rental Application" as a starting point:

https://RealEstateFinancialPlanner.com/rental-application/

Mark this task complete when you have your own "Rental Application".

Paperwork Prepare to be a Landlord Rental Application Tenant Screening Ultimate Nomad Checklist Week 48
Get or create "Rental Application Evaluation Worksheet"
Get or create your own "Rental Application Evaluation Worksheet" to be used when tenants and/or tenant-buyers apply to rent your properties.

Use the Nomad "Rental Application Evaluation Worksheet" as a starting point:

https://RealEstateFinancialPlanner.com/rental-application-evaluation-worksheet/

Mark this task complete when you have your own "Rental Application Evaluation Worksheet".

Paperwork Prepare to be a Landlord Rental Application Evaluation Worksheet Tenant Screening Ultimate Nomad Checklist Week 48
Get or create "Rental Application Evaluation Criteria"
Get or create your own "Rental Application Evaluation Criteria" to be used when tenants and/or tenant-buyers apply to rent your properties.

Use the Nomad "Rental Application Evaluation Criteria" as a starting point:

https://RealEstateFinancialPlanner.com/rental-application-evaluation-criteria/

Mark this task complete when you have your own "Rental Application Evaluation Criteria".

Paperwork Prepare to be a Landlord Rental Application Evaluation Criteria Tenant Screening Ultimate Nomad Checklist Week 48
Get or create "Reservation Deposit Agreement"
Get or create a "Reservation Deposit Agreement" form that you'll use with your Tenant or Tenant-Buyers when they reserve your rental property.

Ask your Contract and Paperwork Attorney or your Real Estate Broker.

Mark this task complete once you have a "Reservation Deposit Agreement" form.

Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 47
Get or create "Tenant Evaluation Criteria"
Get or create your own written "Tenant Evaluation Criteria" to be in compliance with Fair Housing Laws.

This is the written standards and approval process for whether a Tenant or Tenant-Buyer qualifies to rent your property.

Remember that you are about to loan someone an asset that is probably worth hundreds of thousands of dollars (the value of your property), so you should screen Tenants and Tenant-Buyers thinking that you're loaning them something that is worth hundreds of thousands of dollars to you. Personally, I'd even tell them that to set the right tone.

Mark this task complete when you have written "Tenant Evaluation Criteria".

Paperwork Prepare to be a Landlord Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 46
Read through "Tenant Evaluation Criteria"
Read through your "Tenant Evaluation Criteria" and highlight sections you have questions about. Write down your questions.

Mark this task complete once you've read through the "Tenant Evaluation Criteria" and documented your questions.

Paperwork Prepare to be a Landlord Tenant Screening Tenants Ultimate Nomad Checklist Week 46
Class Watch "The Lease Option – The Lease Part II" Recording of Live Class
Watch the recording of the live presentation of "The Lease Option – The Lease Part II" available on:

https://RealEstateFinancialPlanner.com/the-lease-option-the-lease-part-ii/

Classes Lease-Option Prepare to be a Landlord Property Management Solving Tenant Challenges Tenant-Buyers Tenants Ultimate Nomad Checklist Week 46
Class Watch "Solving Tenant Challenges" Recording of Live Class
Watch the recording of the live presentation of "Solving Tenant Challenges" available on:

https://RealEstateFinancialPlanner.com/solving-tenant-challenges/

Classes Prepare to be a Landlord Property Management Solving Tenant Challenges Tenants Ultimate Nomad Checklist Week 47
Class Watch "Cash Flow Explosion" Recording of Live Class
Watch the recording of the live presentation of "Cash Flow Explosion" available on:

https://RealEstateFinancialPlanner.com/how-to-maximize-rental-property-cash-flow/

Cash Flow Classes Lease-Option Net Operating Income Return On Investment Tenant-Buyers Ultimate Nomad Checklist Week 48

Month 10 After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Class Watch "Bookkeeping and Accounting for Nomads" Recording of Live Class
Watch the recording of the live presentation of "Bookkeeping and Accounting for Nomads" available on:

https://RealEstateFinancialPlanner.com/bookkeeping-and-accounting-for-nomads/

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Classes Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 52
Send Accountant income and expenses for year
Send your Accountant your income and expenses for the year to prepare your tax returns.

Mark complete once you've sent your Accountant income and expenses from either Brian's Spreadsheet or the web-based version.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 53
Partnership Give partners notice of upcoming annual meeting
Schedule and give your partners notice you have an upcoming annual partnership meeting.

Mark done once you've given partners notice.

Maintain Your LLC Partnerships Ultimate Nomad Checklist Week 52
Partnership Hold annual meeting for Partners
Hold your annual meeting for Partners.

Mark complete once you've held your annual meeting for Partners.

Maintain Your LLC Partnerships Ultimate Nomad Checklist Week 53
Partnership Review Operating Agreement
Review your LLC Operating Agreement to make sure everything is up to date and relevant.

Maintain Your LLC Partnerships Ultimate Nomad Checklist Week 53
Class Watch "Emergency Plan Workshop" Recording of Live Class
Watch the recording of the live presentation of "Emergency Plan Workshop" available on:

https://RealEstateFinancialPlanner.com/emergency-plan-workshop/

Classes Emergency Plan Ultimate Nomad Checklist Week 50
Create your own "Emergency Plan"
Create your own "Emergency Plan" assuming you won't be able to talk or tell your Emergency Contacts any more than what you have written down, documented.

Once you've completed your own "Emergency Plan", mark this task as done.

Emergency Plan Ultimate Nomad Checklist Week 50
Create your Will
With the help of your Attorney create a Will that will document who is responsible for taking over should you die.

Emergency Plan Ultimate Nomad Checklist Week 50
Identify your Primary Emergency Contact
Determine who your Primary Emergency Contact will be.

You'll need their name, address, phone and email.

Emergency Plan Ultimate Nomad Checklist Week 50
Notify your Primary Emergency Contact for your Emergency Plan
Email or call your Primary Emergency Contact for your Emergency Plan to tell them where your Emergency Plan is located and how they can access it should something happen to you.

Emergency Plan Ultimate Nomad Checklist Week 51
Give your Primary Emergency Contact Limited Power of Attorney
While having your Primary Emergency Contact listed in your business Operating Agreement will give them the ability to step in and manage your business should something happen to you, they may need a Limited Power of Attorney to manage your personal affairs.

With the help of your Attorney give your Primary Emergency Contact a Limited Power of Attorney so they can handle your affairs should you become injured or incapacitated.

Emergency Plan Ultimate Nomad Checklist Week 51
Add your primary Emergency Contact to your Operating Agreement
With the help of your Attorney, add your primary Emergency Contact to your LLC Operating Agreement as who takes over as manager in case you're injured, incapacitated or die.

Let them know they're to take over as manger if something happens to you.

Emergency Plan LLC Ultimate Nomad Checklist Week 50
Make sure all your Emergency Contacts know about each other and have each other's contact info
Make sure your primary, backup and third Emergency Contact all know the others. Send each of them the other's contact info in case there is an emergency for you and they need to contact each other.

Emergency Plan Ultimate Nomad Checklist Week 50
Make sure all your Emergency Contacts have your Attorney's contact info
Make sure your Primary, Backup and Third Emergency Contact all know your Attorney's contact info.

Emergency Plan Ultimate Nomad Checklist Week 50
Create your own "Emergency Plan Summary" sheet
Create your own "Emergency Plan Summary" sheet and tell your Primary, Backup and Third Emergency Plan contact and your Attorney where it is located. For example, you might have a copy of it in your safe in your home and you have a key to the safe on your primary keychain.

The "Emergency Plan Summary" should list the following information at a minimum:
- Name, address, phone and email of your Attorneys
- Name, address, phone and email of your Primary, Backup and Third Emergency Contacts
- List of all your properties (rentals and owner occupied)
- List of tenants in each property and where to find their tenant file
- List of all your bank, savings and investment accounts with account numbers, logins and passwords
- List of all your LLCs, trusts and other entities, what is in each and who is to run them should something happen
- List of all your mailboxes and where the key is to each
- List of all your email accounts and password for accessing each
- List of all your insurance policies and the Insurance Agent for each
- List of all your Powers of Attorney, who they're with and where to find each
- Location of your Will
- If you've buried or otherwise hidden any treasure, a map or at least clues as to where to find it
- Your preferred referral list for all your contractors and professional advisers
- Documentation on your key business processes (how to run your business if you're not there)
Emergency Plan Ultimate Nomad Checklist Week 50
Store a backup of your "Emergency Plan Summary" sheet
Store an off-site backup of your "Emergency Plan Summary" sheet in case of fire, floor or other issue with your primary copy of your "Emergency Plan Summary" sheet.

Example might be you store your primary "Emergency Plan Summary" sheet in your locked safe in your office. You could keep a backup in your safe at home.

Another example might be you store your primary "Emergency Plan Summary" sheet in your locked filing cabinet at home and your Attorney has a second copy in his locked filing cabinet in his office.

IMPORTANT NOTE: My personal Attorney suggested NOT using a safe deposit box as they can be hard for your Emergency Contacts to access should something happen to you.

Emergency Plan Ultimate Nomad Checklist Week 50
Go over "Emergency Plan Summary" with Emergency Contacts
Sit down and go over your entire Emergency Plan with your Emergency Contacts so they're familiar with it and how it is setup.

Emergency Plan Ultimate Nomad Checklist Week 50
Update your "Emergency Plan Summary" sheet yearly
Make sure you update your "Emergency Plan Summary" sheet yearly.

Emergency Plan Ultimate Nomad Checklist Week 50
Start another checklist for buying your next house
We're estimating you have 3 months until your home buying anniversary which means you should start the buying process now to buy your next home if you want to buy it within 3 months.

Mark this task complete once you've started another Ultimate Nomad Checklist™ for your next purchase.

Next Property Ultimate Nomad Checklist Week 52
Class Watch "Return on Investment and Return on Equity" Recording of Live Class
Watch the recording of the live presentation of "Return on Investment and Return on Equity" available on:

https://RealEstateFinancialPlanner.com/return-on-equity-for-nomads/

Appreciation Cash Flow Classes Debt Paydown Depreciation Return On Equity Return On Investment Ultimate Nomad Checklist Week 51

Month 11 After Closing

Review my goals
Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6
Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Schedule on your calendar when you'll do this week's tasks from your Future Narrative
You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9
Class Watch "Analyzing a Deal with Brian's Spreadsheet" Recording of Live Class
Watch the recording of the live presentation of "Analyzing a Deal with Brian's Spreadsheet" available on:

https://RealEstateFinancialPlanner.com/how-to-analyze-a-deal-with-brians-spreadsheet/

Analyzing Deals ASAP Cash Flow Classes First Meeting: Analyze Deal Get Your First Deal Done Nomad Basics Ultimate Nomad Checklist Week 4 Week 56
Apply for loan with Lender
Make an application to get qualified for a loan with the Lender you've decided you're going to use.

Some people will opt to get quotes from multiple lenders. If you're going to do this, compare everyone on the same day so the rate is the same.

Also, have the Lender you think is most likely to be the one you'll go with pull your credit and then tell the other Lenders you're comparing what your credit score is. If you decide to go with them, you'll let them pull your credit then.

Your ultimate goal at this point is to get a pre-approval letter for the max amount you qualify for.

If you need a recommendation for a Lender ask your Real Estate Broker.

Mark this task complete once you've applied for a loan and been approved with the Lender you plan to use.

ASAP Financing Pre-Showings: Qualify with Lender Ultimate Nomad Checklist Week 2 Week 54
Understand what documents your Lender will need
Understand what documents your lender will ultimately need to do your loan and start gathering and preparing those documents.

ASAP Financing Pre-Showings: Qualify with Lender Ultimate Nomad Checklist Week 2 Week 54
Find out what interest rate and down payment amount you'll likely get
Find out what interest rate and what down payment amount you'll likely get when you get your loan.

You'll want to use this when you start to analyze properties using Brian's Spreadsheet.

ASAP Financing Pre-Showings: Qualify with Lender Ultimate Nomad Checklist Week 2 Week 54
IF OWNER OCCUPANT: Find out your estimated monthly payments
If you're going to owner occupy the property especially, find what your estimated monthly payment will be for both your max loan that you can qualify for and the price you're comfortable with that you'll likely be buying at.

ASAP Financing Pre-Showings: Qualify with Lender Ultimate Nomad Checklist Week 2 Week 54
Send copy of "Contract to Buy and Sell Real Estate" to your Lender
As soon as your "Contract to Buy and Sell Real Estate" is accepted, make sure your Lender has a copy so they can complete your application and start working on getting your financing approved and through under-writing.

ASAP Financing Ultimate Nomad Checklist Week 2 Week 54
Get max "Lender Letter"
Get Pre-Approval letter from Lender for the max you can afford. We will only use this if you're unable to reach your Lender and you want to submit an offer right away. Otherwise, we will ask your Lender for an updated "Lender Letter" for the exact Purchase Price.

Having a "Lender Letter" helps you get your offer accepted.

ASAP Financing Pre-Showings: Pre-approval Letter Ultimate Nomad Checklist Week 2 Week 54
Save max "Lender Letter" to your Dropbox
Save a copy of your max "Lender Letter" to your Dropbox using the file format:

"YYYY-MM-DD - FULL NAME - Max Lender Pre-Approval Letter.pdf"

ASAP Financing Pre-Showings: Pre-approval Letter Ultimate Nomad Checklist Week 2 Week 54
Send max "Lender Letter" to Real Estate Broker
Send a copy of your max "Lender Letter" to your Real Estate Broker.

ASAP Financing Pre-Showings: Pre-approval Letter Ultimate Nomad Checklist Week 2 Week 54
Determine your Accountant
Determine who you will as your accountant to help you with financial planning and completing your taxes.

Ask your Real Estate Broker for a recommendation.

Mark this task complete once you've determined who you'll use as your Accountant.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Dream Team Dream Team - Pre-Closing Pre-Showings: Mock Contract Ultimate Nomad Checklist Week 2 Week 54
Class Watch "Nomad 101" Recording of Live Class
Watch the recording of the live presentation of "Nomad 101" available on:

https://RealEstateFinancialPlanner.com/nomad-101/

ASAP Classes Nomad Basics Optional Ultimate Nomad Checklist Week 5 Week 57
If you have not done so already, apply for loan with Lender
Make an application to get qualified for a loan with the Lender you've decided you're going to use.

Some people will opt to get quotes from multiple lenders. If you're going to do this, compare everyone on the same day so the rate is the same.

Also, have the Lender you think is most likely to be the one you'll go with pull your credit and then tell the other Lenders you're comparing what your credit score is. If you decide to go with them, you'll let them pull your credit then.

If you need a recommendation for a Lender ask your Real Estate Broker.

Mark this task complete once you've applied for a loan and been approved with the Lender you plan to use.

ASAP Contract Deadline: Loan Application Deadline Financing Ultimate Nomad Checklist Week 2 Week 54
If you haven't done so alreayd, send copy of "Contract to Buy and Sell Real Estate" to your Lender
As soon as your "Contract to Buy and Sell Real Estate" is accepted, make sure your Lender has a copy so they can complete your application and start working on getting your financing approved and through under-writing.

ASAP Contract Deadline: Loan Application Deadline Financing Ultimate Nomad Checklist Week 2 Week 54
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 Protection Dream Team Dream Team - Post-Closing Lease Paperwork Ultimate Nomad Checklist Week 54
IF CONCRETE DRIVEWAY: Seal driveway every two years
If you have a concrete driveway, it is recommended that you seal concrete driveways every two years.

Property Maintenance Ultimate Nomad Checklist Week 56
Partnership IF LLC: Create meeting minutes for annual meeting
If you're operating your partnership as an LLC, create meeting minutes for your annual meeting with your partners.

Mark this task complete when done creating your meeting minutes.

Maintain Your LLC Partnerships Ultimate Nomad Checklist Week 54
File "Periodic Report" with Secretary of State yearly
Once a year you must complete a "Periodic Report" with the Secretary of State.

If you subscribed your email to the Secretary of State for your LLC's record, you should receive an email notice. Otherwise, you should receive a postcard.

As soon as you receive it, just do it. It takes 2 minutes if you do it right away.

If you delay, not only could you invalidate your asset protection plan, but there are late fees from the Secretary of State.

Maintain Your LLC Ultimate Nomad Checklist Week 54
Practice filling in "Lease"
Practice filling in a complete sample "Lease" before meeting with your Tenant or Tenant-Buyer to show a property and complete a "Lease".

Mark this task complete once you've practiced filling in a complete "Lease" and asking your Contract and Paperwork Attorney any questions if they come up while doing it.

Lease Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 55
Get or create "Lease-Option" documents
Have your Contract and Paperwork Attorney prepare your "Lease-Option" documents for your Tenant-Buyer or create them with your Attorney's help.

Mark this task complete once your Contract and Paperwork Attorney has prepared your "Lease-Option" documents.

ASAP Lease Lease-Option Paperwork Prepare to be a Landlord Tenant-Buyers Ultimate Nomad Checklist Week 57
Read through "Lease-Option" documents
Read through your "Lease-Option" paperwork. Highlight any sections you have questions about. Write down your questions.

Mark this task complete once you've read through your "Lease-Option" paperwork. You'll be scheduling time to meet with your Contract and Paperwork Attorney to have your questions answered in another task.

ASAP Lease Lease-Option Paperwork Prepare to be a Landlord Tenant-Buyers Ultimate Nomad Checklist Week 57
Write script for Tenant or Tenant-Buyer call
Write out what questions you're going to ask when Tenants or Tenant-Buyers are calling in on your marketing.

Mark this task complete when you've got a written script of questions.

Prepare to be a Landlord Scripts Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 54
Practice Tenant or Tenant-Buyer script
Practice your script for incoming calls from Tenants and/or Tenant-Buyers.

"Professionals practice off the field." The time to learn your script is not when you have a fully qualified, Tenant-Buyer with a large down payment on the phone.

Mark this task complete once you've run through your script enough times so that you feel comfortable with it.

Prepare to be a Landlord Scripts Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 55
Determine your Tenant-Buyer Evaluation Criteria
Determine and write out the criteria that you'll use to evaluate a Tenant-Buyer.

Mark this task as complete when you have written evaluation criteria to be in compliance with Fair Housing Laws.

ASAP Lease Lease-Option Paperwork Prepare to be a Landlord Tenant Screening Ultimate Nomad Checklist Week 54
Determine your Rent (or Lease-Option Rent)
Determine what Rent you'll charge for the property or, if you're offering a Lease-Option, what Lease-Option Rent you'll charge for the property.

This is often done by researching what Fair Market Rent is.

Some Real Estate Brokers may subscribe to a service that allows them to pull rental comparables to help to determine rent.

Mark this task complete when you have determined your Rent.

Analyzing Deals ASAP Lease Lease-Option Net Operating Income Prepare to be a Landlord Rent Ultimate Nomad Checklist Week 55
Determine your Lease-Option minimum Option Fee
If you're offering the Tenant-Buyer a Lease-Option, determine what is your minimum acceptable Option Fee.

Mark this task complete when you have your minimum Option Fee for your Lease-Option or if you're not doing a Lease-Option at all.

Analyzing Deals ASAP Lease-Option Prepare to be a Landlord Ultimate Nomad Checklist Week 55
Determine your Lease-Option strike prices
If you're offering the Tenant-Buyer a Lease-Option, determine what price the Tenant-Buyer can purchase the property from you in year 1 and year 2.

Mark this task complete when you have prices for year 1 and year 2 for your Lease-Option or if you're not doing a Lease-Option at all.

Analyzing Deals ASAP Lease-Option Prepare to be a Landlord Ultimate Nomad Checklist Week 55
Class Watch "Marketing for Tenants" Recording of Live Class
Watch the recording of the live presentation of "Marketing for Tenants" available on:

https://RealEstateFinancialPlanner.com/marketing-for-tenants/

Classes Lease Lease-Option Prepare to be a Landlord Property Management Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 40 Week 55
Complete the "Prepare Property for Rent" checklist
Complete the "Prepare Property for Rent" checklist:

https://RealEstateFinancialPlanner.com/prepare-property-for-rent/

Buy at Home Improvement Store Post-Closing Prepare Property for Rent Ultimate Nomad Checklist Week 56
Replace Fire Extinguisher
Replace fire extinguishers to prepare for the next Tenant/Tenant-Buyer.

They have limited lifespans and it is probably cheaper to just buy new ones than to have them serviced.

Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Replace Batteries in Smoke Alarms and Radon Detectors
Replace the batteries in all smoke alarms and Radon detectors to prepare for the next Tenant/Tenant-Buyer.

Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Clean property
Clean the property.

Make sure the property is in great condition; it sets the tone for the condition you want the Tenant or Tenant-Buyer to treat and maintain your property. If you're OK with dirty windows and floors, they won't care about that or other things either.

Things to clean probably include:
- Kitchen including behind and underneath appliances like the strove and refrigerator
- Clean inside refrigerator, oven and microwave
- Bathrooms
- At a minimum vacuum the carpet (ideally have the carpets cleaned if needed)
- Sweep and pressure wash the garage and driveway
- Clean windows inside and outside
- Mow the lawn, trim shrubs and neaten landscaping
- Clean out the gutters
Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Complete all repairs from Home Inspection
If there were things on your Home Inspection that have not been fixed yet, complete all repairs prior to putting your property up for rent.

Make sure the property is in great condition; it sets the tone for the condition you want the Tenant or Tenant-Buyer to treat and maintain your property. If you're OK with a dripping faucet, they won't care about that or other things either.

Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Service AC and Furnance
Have the AC and furnace serviced prior to renting your property.

Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Check for leaks under all sinks and toilets
Make sure you look under all sinks and around all toilets for possible leaks. Fix leaks immediately if they exist.

Buy at Home Improvement Store Prepare Property for Rent Ultimate Nomad Checklist Week 56
Change insurance policy to be landlord policy
Call your Insurance Agent and make sure you have a landlord insurance policy (not an owner occupant insurance policy) on your property that you are having be a rental.

Prepare Property for Rent Ultimate Nomad Checklist Week 56
Consider adding a fence to attract tenants with pets
Tenants with pets represent an exceptionally large percentage of tenants.

So, accepting pets and having a property with a fenced in yard can help attract a larger pool of tenants which may help you to get higher rent.

Plus, you may also be able to collect additional pet rent on your properties.

For more information on fence laws in Colorado (and possibly getting your neighbors to contribute to the cost of adding a fence), check out this special report.

New Construction Prepare Property for Rent Ultimate Nomad Checklist Week 56
Review "Marketing for Tenants" Recording of Live Class
If you haven't recently watched the live presentation of "Marketing for Tenants", you should review it again now:

https://RealEstateFinancialPlanner.com/marketing-for-tenants/

Advertise Property for Rent Lease Lease-Option Property Management Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 40 Week 55
Place directional signs to property
Place up directional signs to direct people toward the property you have for rent or on a rent to own.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56
Place "For Rent" (or "Rent To Own") sign in yard
Place your "For Rent" (or "Rent To Own") sign in the yard.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56
Write Property Ad
Write ad for Tenant and/or Tenant-Buyer using photos you took from when it was vacant.

Include date available, monthly rent, number of bedrooms and bathrooms, property features, info on the kitchen appliances, whether there is a washer & dryer in the unit, just the hookups, or none of the above, parking details, etc. Be sure to highlight attractive aspects of the property such as easy access to major roadways or pool access.

Review the ad to make sure you are not discriminating and are in compliance with the Fair Housing Act.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 55
Be prepared to answer your phone
Once you start marketing, be prepared to answer your phone.

As you market, prospective Tenants and Tenant-Buyers will expect to be able to reach you.

If they can't reach you that sets the wrong tone for the start of the relationship. You come across as an unresponsive landlord.

If you do miss a call, call them back as soon as possible. If prospective Tenants and Tenant-Buyers email or text you, reply quickly.

Answer prospective Tenants and Tenant-Buyers questions. It is normal for them to ask questions that are already addressed in the ad. I believe most people don't actually read stuff (including your ad) and they're looking at a number of different properties.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 55
Post "For Rent" (or "Rent To Own") ad on Zillow
Post your "For Rent" or (or "Rent To Own") ad on Zillow.

Mark this task complete when you've posted the ad.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Post "For Rent" (or "Rent To Own") ads on CraigsList
Post your "For Rent" (or "Rent To Own") ads for the property on CraigsList.

Mark this task complete when you've posted your ad.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Post "For Rent" (or "Rent To Own") ads on local rental websites
Post your "For Rent" (or "Rent To Own") ad on other local rental websites.

For example, in Northern Colorado you may also want to post an ad to NorthernColoradoRentals.com as well.

Mark this task as complete when you've posted ads to these other websites.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Review "Marketing for Tenants" Recording of Live Class
If you haven't recently watched the live presentation of "Marketing for Tenants", you should review it again now:

https://RealEstateFinancialPlanner.com/marketing-for-tenants/

Lease Lease-Option Property Management Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 40 Week 55
Take Tenant/Tenant-Buyer calls
As calls come in on your marketing, field Tenant and Tenant-Buyer calls and answer questions about the property, complete initial telephone screening and schedule showings.

Do your screening early... in this first call... don't meet unqualified people at the property.

Some people prefer to ask Tenant or Tenant-Buyer for permission using something like this:

"I’d be happy to answer any questions you have about the property."

"Then, if you don’t mind… if it seems like a property you'd be interested in... I’d like to ask you a few questions to see if you qualify for the property and… if you qualify… then we can schedule a time for you to see the property. Will that work for you?"

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Write down answers to Initial Screening Questions
Write down the answers to these initial screening questions that you'd ask the prospective Tenant/Tenant-Buyer on the first phone call.

Remember, we're trying to determine if the Tenant/Tenant-Buyer is qualified to borrow something worth hundreds of thousands of dollars and whether you're going to meet them at the property to show it.
- What's your name? Phone number? Email?
- Who will be living there besides yourself?
- Do you have any pets? How many? What breeds? What size? Neutered/spayed?
- Do you have good landlord references?
- Are you renting now? How much do you pay? Why are you moving?
- What is your approximate gross monthly income?
- Any felonies or other convictions?
- Any evictions?
- How is your credit?
- How long are you looking to stay?
- When are you looking to move in?
Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
IF THEY SEEM TO QUALIFY: Pre-schedule showing with prospective Tenant/Tenant-Buyer
If the Tenant/Tenant-Buyer seems to qualify based on asking the Initial Screening Questions on your initial phone call then let them know you're going to send over a video tour of the property along with a copy of the application.

Ask them to watch the video and look at the application and then confirm a time to meet them at the property for a showing.

If they don't reply back confirming they've watched the video, looked at the application and will be there for the showing time, do not go to the showing.

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Send application and video tour to Tenant/Tenant-Buyer
Before confirming the showing, send the Tenant/Tenant-Buyer an email with a link to a video tour of the property that you've made and posted on YouTube along with a copy of the application.

They will need to confirm with you that they've seen the video and will be there at the showing before you drive out to meet them.

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Confirm Tenant/Tenant-Buyer has watched video, read "Application" and wants to meet for showing
After your Tenant/Tenant-Buyer confirms they have watched the video tour of the property, read through your "Application" and wants to still meet at the property for a showing then confirm with them the date and time of the showing.

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Advertise showing
If you're already going to be out showing the property to one Tenant or Tenant-Buyer you might as well show it more people on the same trip. So, advertise that you're going to be showing the property around the time of your scheduled showing to maximize exposure and showings.

As an example, if your scheduled showing is at 4 PM, you might advertise an open showing window of 4:30 PM to 5 PM as well.

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Prepare for showings
To prepare for showing the property to Tenant/Tenant-Buyers:
- Show up early.
- Turn all lights on.
- Adjust temperature... turn AC to cooler in summer, heat to warmer in winter
- Open windows if house is vacant and stuffy
- Replace missing marketing materials (yard sign, flyers, etc)
Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Meet prospective Tenant/Tenant-Buyers outside by their car
Meet your prospective Tenants and Tenant-Buyers outside at the property near their car when you initial gree them to show the property.

Peek inside their car to see how they maintain their car. That's how your house will look.

Introduce yourself and invite them inside the home.

Strongly recommend you take your shoes off and encourage them to do the same... this sets the tone that you take care of your property and they should too.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Show property to prospective Tenants/Tenant-Buyers
Give prospective Tenants/Tenant-Buyers a quick tour of the property highlighting the things you love best about the property. Remember, why did you buy the property? Those are the things to share.

Invite them to take their time and look around the property.

If the property is still occupied... do not let the prospective Tenant/Tenant-Buyers out of your sight. Be aware of people looking in medicine cabinets or at the current occupant's personal stuff. Remember, you have NOT done your background check yet!

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Explain pet and pet fee policies
While looking at the property, explain your pet policy and pet fee policy to your prospective Tenants/Tenant-Buyers.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Explain utilities and utility fee policies
While looking at the property, explain how utilities work (which ones are in their name and which ones are kept in your name) as well as the utility fee policy to your prospective Tenants/Tenant-Buyers.

If you happen to know average utilities for the property, share that as well.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Explain next steps in application process
While looking at the property, explain the next steps to your prospective Tenants/Tenant-Buyers:
- Fill out application (and what that means)
- How the application approval process goes
- How you notify them
- How the reservation deposit works when they're approved
Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Provide prospective tenants/tenant-buyers "Rental Application"
Provide any prospective tenants and/or tenant-buyers your "Rental Application" to complete by each person 18 or older that will be living in the property.

If you are a licensed Real Estate Agent renting your own property you must also send over a copy of the "Brokerage Disclosure to Tenant" via DocuSign at this step as well to have them acknowledge that you do not represent them in the transaction.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Collect completed "Rental Application" and verify information
Once the Tenant/Tenant-Buyer has completed the "Rental Application" collect it from them. In an ideal world, you'd collect it from them at their current residence giving them little or no notice so you can see how they maintain that property.

Is the property clean? How is the outside maintained? This is how your property will look.

This is also a chance for you to visit with their pet to make sure it is friendly.

It should include:
- A complete application for each person over the age of 18 who will be living in the property. That includes children over 18. Check the application to make sure you can read everything and that every spot is filled in. Ask them to mark any blank spots with "N/A" if they really are not applicable.
- Application fee of $30 per application in cash, money order or cashier's check only. Do not accept personal checks.
- Copy of valid Driver's License (or state-issued photo ID if no Driver's License). Check to make sure they look like the person on the ID and that the name on the ID matches the name on the application.
- Proof of current balances in checking and savings accounts.
- Previous 3 months of statements for checking and savings accounts.
- Latest W-2 and most recent 2 months of paystubs (or if self-employed, previous 2 years or tax returns)
Remember, you're about to loan someone an asset worth (in many cases) hundreds of thousands of dollars... treat the application process as such!

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Pet visit
When you pick up their application, do a pet visit. This is also an opportunity to see their current residence.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Peak inside potential Tenant/Tenant-Buyer's car
Either meet the Tenant/Tenant-Buyer at their car when they pull up or walk the Tenant/Tenant-Buyer out to their car after the showing so you can look inside their car.

If the inside of their car is full of trash, that's how your property will look since that's how they take care of stuff. Write down the condition of their car in your notes.

TIP: If this is not part of your written Tenant Evaluation Criteria, we strongly recommend adding it.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Don't chase prospective Tenants/Tenant-Buyers
If the prospective Tenants/Tenant-Buyers do not submit an application do not chase them... you're not trying to convince them they should rent from you... you want someone who wants to rent from you and loves the home.

If they are interested, they'll follow up with you.

Do more marketing instead of chasing.

Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Alternative Showing Variations
While we recommend scheduling individual showings for the property, there are some alternative methods you may consider in the right situation.

For example, you could also:
- Put a lockbox on the property and have people show it themselves. Not good when tenant-occupied.
- Hold an open house. "I'll be there from 1 to 3 PM on Saturday." Not good when tenant-occupied.
- Scheduling back t back showings, every X minutes (usually 15). Recommended.
Showings to Tenants Tenant Screening Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60

1 Year After Closing

Review my "Future Narrative"
Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9
Class Watch "Strategies to Get the Lowest Monthly Payment When Buying Real Estate" Recording of Live Class
Watch the recording of the live presentation of "Strategies to Get the Lowest Monthly Payment When Buying Real Estate" available on:

https://RealEstateFinancialPlanner.com/lowest-monthly-payment/

Analyzing Deals ASAP Cash Flow Classes First Meeting: Analyze Deal Making Offers Ultimate Nomad Checklist Week 58 Week 6
Determine your Insurance Agent
Decide which Insurance Agent you will use to insure your home purchase. You'll need this once you go under contract, but you'll want to do it earlier so you can get an estimate of insurance for analyzing deals.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on an Insurance Agent to use.

Analyzing Deals Dream Team Dream Team - Pre-Closing First Meeting: Analyze Deal Ultimate Nomad Checklist Week 2 Week 61 Week 9
Class Watch "Making Strong Offers that Get Accepted" Recording of Live Class
Watch the recording of the live presentation of "Making Strong Offers that Get Accepted" available on:

https://RealEstateFinancialPlanner.com/making-strong-offers-that-get-accepted/

Classes First Meeting: Write Offer Making Offers Market Stats Ultimate Nomad Checklist Week 59 Week 7
Class Watch "Low Ball Offer Case Studies" Recording of Live Class
Watch the recording of the live presentation of "Low Ball Offer Case Studies" available on:

https://RealEstateFinancialPlanner.com/low-ball-offer/

ASAP Classes First Meeting: Write Offer Market Stats Ultimate Nomad Checklist Week 59 Week 7
Class Watch "Contract to Close" Recording of Live Class
Watch the recording of the live presentation of "Contract to Close" available on:

https://RealEstateFinancialPlanner.com/contract-to-close/

Classes Contract To Close Ultimate Nomad Checklist Week 60 Week 8
Review Title Work
You should receive a copy of the Title Work from the Title Company shortly after going under contract with the help of the Real Estate Brokers involved in the transaction.

Review Title Work and highlight any sections you have questions about. Write down your questions.

IMPORTANT NOTE: Real Estate Brokers do not receive training on how to interpret Title Work so while they may be able to answer very basic questions, they are not competent to answer questions about the Title Work itself. For that, you will rely on getting info from the Title Company that is providing the Title Insurance and/or by hiring your own Title Attorney who is educated on Title Work.

You may want to meet with your Title Attorney and/or Title Company to ask questions about it.

If there is something in the Title Work that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Record Title Objection Deadline.

Mark this task done once you've reviewed your Title Work.

Contract Deadline: Record Title Objection Deadline Paperwork Ultimate Nomad Checklist Week 61 Week 9
Ask Title Insurance Company questions about Title Work
If you have questions about your Title Work, you should first contact the Title Insurance Company that will be providing you (selling you) a Title Insurance Policy.

If after talking to your Title Insurance Company, you still have questions, please talk to your Title Attorney.

Mark this task done once you've reviewed your Title Work.

Contract Deadline: Record Title Objection Deadline Paperwork Ultimate Nomad Checklist Week 61 Week 9
Ask Title Attorney questions about Title Work
If you have questions about your Title Work, you should first contact the Title Insurance Company that will be providing you (selling you) a Title Insurance Policy.

If after talking to your Title Insurance Company, you still have questions, please talk to your Title Attorney.

Mark this task done once you've reviewed your Title Work.

Contract Deadline: Record Title Objection Deadline Paperwork Ultimate Nomad Checklist Week 61 Week 9
Review off-record title related documents
You should receive a copy of any off-record title materials shortly after going under contract with the help of the Real Estate Brokers involved in the transaction from the Seller. That's if any exist.

Off-record title materials like lease-option agreements, option agreements and unrecorded easements are relatively uncommon.

Review off-record title documents and highlight any sections you have questions about. Write down your questions.

IMPORTANT NOTE: Real Estate Brokers do not receive training on off-record title documents so while they may be able to answer very basic questions, they are not competent to answer questions about the off-record title matters. For that, you will rely on hiring your own Attorney who is educated on these matters.

If there is something in the off-record title documents that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Off-Record Title Objection Deadline.

Mark this task done once you've reviewed your off-record title documents.

Contract Deadline: Off-Record Title Objection Deadline Paperwork Ultimate Nomad Checklist Week 61 Week 9
Ask Attorney questions about off-record title matters
If you have questions about off-record title matters, you should talk to your Attorney to get your questions answered.

Mark this task done when complete.

Contract Deadline: Off-Record Title Objection Deadline Paperwork Ultimate Nomad Checklist Week 61 Week 9
REAL ESTATE BROKER: Provide you a list of Home Inspectors
Your Real Estate Broker should provide you with a list of Home Inspectors. You can use whoever you wish including Home Inspectors not on the recommended list.

ASAP Contract Deadline: Inspection Objection Deadline Dream Team Dream Team - Pre-Closing Inspection Ultimate Nomad Checklist Week 61 Week 9
Determine your Home Inspector
Determine who you will use to inspect your new property when you go under contract.

Ask your Real Estate Broker for a recommendation.

Mark this task complete when you've decided which Home Inspector you'll use when you go under contract.

ASAP Contract Deadline: Inspection Objection Deadline Dream Team Dream Team - Pre-Closing Inspection Ultimate Nomad Checklist Week 61 Week 9
Decide whether to do a Radon Test or not
After you go under contract decide whether you will do a Radon Test as part of your inspection on the property.

Mark this task complete when you decide.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Determine your Radon Testing Company
Determine who you will use to test for radon once you have a property under contract. Often this is the same person you selected as your Home Inspector.

Ask your Real Estate Broker or Home Inspector for a recommendation.

Mark this task complete once you've decided which Radon Testing Company you'll use.

Contract Deadline: Inspection Objection Deadline Dream Team Dream Team - Pre-Closing Inspection Optional Ultimate Nomad Checklist Week 61 Week 9
Hire Radon Test Company to perform Radon Test
If you've decided to have a Radon Test performed, hire Radon Test Company to do Radon Test ideally during the same time your Home Inspector will be there inspecting the property. It may even be the Home Inspector doing the Radon Test.

Mark this complete after you receive the results of your Radon Test if you decide to perform a Radon Test.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Decide whether to do a Sewer Scope or not
After you go under contract decide whether you will do a Sewer Scope as part of your inspection on the property.

Mark this task complete when you decide.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Determine your Sewer Scope Company
Decide which Sewer Scope Company you will use to do a Sewer Scope on the property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Sewer Scope Company to use.

Contract Deadline: Inspection Objection Deadline Dream Team Dream Team - Pre-Closing Inspection Ultimate Nomad Checklist Week 61 Week 9
Hire Sewer Scope Company to perform Sewer Scope
If you've decided to have a Sewer Scope performed, hire Sewer Scope Company to do Sewer Scope ideally during the same time your Home Inspector will be there inspecting the property.

If you have any problems, I strongly recommend paying the extra fee to get the video of the problem to provide as evidence with any Inspection Objection.

Mark this complete after your Home Inspection if you decide to perform a Sewer Scope.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Decide whether to do a Meth Test or not
After you go under contract decide whether you will do a Methamphetamine Test as part of your inspection on the property.

Mark this task complete when you decide.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Determine your Meth Test Company
Decide which Meth Test Company you will use to do a Meth Test on the property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Meth Test Company to use.

Contract Deadline: Inspection Objection Deadline Dream Team Dream Team - Pre-Closing Inspection Ultimate Nomad Checklist Week 61 Week 9
Hire Meth Test Company to perform Meth Test
If you've decided to have a Meth Test performed, hire Meth Test Company to do Meth Test ideally during the same time your Home Inspector will be there inspecting the property.

Mark this complete after your Home Inspection if you decide to perform a Meth Test.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Bring CLUE Report to Home Inspection
Bring a copy of the CLUE Report from your Insurance Agent to the Home Inspection so you can use it to look closer at any items you have questions about with your Home Inspector during the inspection.

Mark this task complete once you finished the Home Inspection.

Contract Deadline: Inspection Objection Deadline Inspection Ultimate Nomad Checklist Week 61 Week 9
Bring "Seller's Property Disclosure" to Home Inspection
Bring a copy of the "Seller's Property Disclosure" to Home Inspection so you can use it to look closer at any items you have questions about with your Home Inspector during the inspection.

Mark this task complete once you finished the Home Inspection.

Contract Deadline: Inspection Objection Deadline Inspection Sellers Property Disclosure Ultimate Nomad Checklist Week 61 Week 9
REAL ESATE BROKER: Provide list of recommend Insurance Agents
Your Real Estate Broker can provide you with a list of recommended Insurance Agents. You're welcome to choose any Insurance Agent you want whether they are on the list or not.

Mark this complete when done.

Analyzing Deals Contract Deadline: Property Insurance Objection Deadline Dream Team Dream Team - Pre-Closing First Meeting: Analyze Deal Ultimate Nomad Checklist Week 2 Week 61 Week 9
If you haven't already, determine your Insurance Agent
If you have already done so, decide which Insurance Agent you will use to insure your home purchase. You'll need this once you go under contract, but you'll want to do it earlier so you can get an estimate of insurance for analyzing deals.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on an Insurance Agent to use.

Analyzing Deals Contract Deadline: Property Insurance Objection Deadline Dream Team Dream Team - Pre-Closing First Meeting: Analyze Deal Ultimate Nomad Checklist Week 2 Week 61 Week 9
Class Watch "Closing Real Estate Deals" Recording of Live Class
Watch the recording of the live presentation of "Closing Real Estate Deals" available on:

https://RealEstateFinancialPlanner.com/closing-real-estate-deals/

Classes Closing Get Your First Deal Done Nomad Basics Ultimate Nomad Checklist Week 61 Week 9
Meet with Contract and Paperwork Attorney to review "Lease-Option" documents
Meet with your Contract and Paperwork Attorney to go over the highlighted sections of your "Lease-Option" documents. Ask your Attorney your questions about the paperwork.

Mark this task as complete once you understand and feel comfortable with your "Lease-Option" documents.

ASAP Lease Lease-Option Paperwork Prepare to be a Landlord Ultimate Nomad Checklist Week 58
Post "For Rent" (or "Rent To Own") ad on Zillow
Post your "For Rent" or (or "Rent To Own") ad on Zillow.

Mark this task complete when you've posted the ad.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Post "For Rent" (or "Rent To Own") ads on CraigsList
Post your "For Rent" (or "Rent To Own") ads for the property on CraigsList.

Mark this task complete when you've posted your ad.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Post "For Rent" (or "Rent To Own") ads on local rental websites
Post your "For Rent" (or "Rent To Own") ad on other local rental websites.

For example, in Northern Colorado you may also want to post an ad to NorthernColoradoRentals.com as well.

Mark this task as complete when you've posted ads to these other websites.

Advertise Property for Rent Marketing Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Take Tenant/Tenant-Buyer calls
As calls come in on your marketing, field Tenant and Tenant-Buyer calls and answer questions about the property, complete initial telephone screening and schedule showings.

Do your screening early... in this first call... don't meet unqualified people at the property.

Some people prefer to ask Tenant or Tenant-Buyer for permission using something like this:

"I’d be happy to answer any questions you have about the property."

"Then, if you don’t mind… if it seems like a property you'd be interested in... I’d like to ask you a few questions to see if you qualify for the property and… if you qualify… then we can schedule a time for you to see the property. Will that work for you?"

Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
Write down answers to Initial Screening Questions
Write down the answers to these initial screening questions that you'd ask the prospective Tenant/Tenant-Buyer on the first phone call.

Remember, we're trying to determine if the Tenant/Tenant-Buyer is qualified to borrow something worth hundreds of thousands of dollars and whether you're going to meet them at the property to show it.
- What's your name? Phone number? Email?
- Who will be living there besides yourself?
- Do you have any pets? How many? What breeds? What size? Neutered/spayed?
- Do you have good landlord references?
- Are you renting now? How much do you pay? Why are you moving?
- What is your approximate gross monthly income?
- Any felonies or other convictions?
- Any evictions?
- How is your credit?
- How long are you looking to stay?
- When are you looking to move in?
Take Calls from Tenants Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 56 Week 57 Week 58 Week 59 Week 60
IF THEY SEEM TO QUALIFY: Pre-schedule showing with prospective Tenant/Tenant-Buyer
If the Tenant/Tenant-Buyer seems to qualify based on asking the Initial Screening Questions on your initial phone call then let them know you're going to send over a video tour of the property along with a copy of the application.

Ask them to watch the video and look at the application and then confirm a time to meet them at the property for a showing.

If they don't reply back confirming they've watched the video, looked at the application and will be there for the showing time, do not go to the showing.

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Send application and video tour to Tenant/Tenant-Buyer
Before confirming the showing, send the Tenant/Tenant-Buyer an email with a link to a video tour of the property that you've made and posted on YouTube along with a copy of the application.

They will need to confirm with you that they've seen the video and will be there at the showing before you drive out to meet them.

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Confirm Tenant/Tenant-Buyer has watched video, read "Application" and wants to meet for showing
After your Tenant/Tenant-Buyer confirms they have watched the video tour of the property, read through your "Application" and wants to still meet at the property for a showing then confirm with them the date and time of the showing.

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Advertise showing
If you're already going to be out showing the property to one Tenant or Tenant-Buyer you might as well show it more people on the same trip. So, advertise that you're going to be showing the property around the time of your scheduled showing to maximize exposure and showings.

As an example, if your scheduled showing is at 4 PM, you might advertise an open showing window of 4:30 PM to 5 PM as well.

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Prepare for showings
To prepare for showing the property to Tenant/Tenant-Buyers:
- Show up early.
- Turn all lights on.
- Adjust temperature... turn AC to cooler in summer, heat to warmer in winter
- Open windows if house is vacant and stuffy
- Replace missing marketing materials (yard sign, flyers, etc)
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Meet prospective Tenant/Tenant-Buyers outside by their car
Meet your prospective Tenants and Tenant-Buyers outside at the property near their car when you initial gree them to show the property.

Peek inside their car to see how they maintain their car. That's how your house will look.

Introduce yourself and invite them inside the home.

Strongly recommend you take your shoes off and encourage them to do the same... this sets the tone that you take care of your property and they should too.

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Show property to prospective Tenants/Tenant-Buyers
Give prospective Tenants/Tenant-Buyers a quick tour of the property highlighting the things you love best about the property. Remember, why did you buy the property? Those are the things to share.

Invite them to take their time and look around the property.

If the property is still occupied... do not let the prospective Tenant/Tenant-Buyers out of your sight. Be aware of people looking in medicine cabinets or at the current occupant's personal stuff. Remember, you have NOT done your background check yet!

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Explain pet and pet fee policies
While looking at the property, explain your pet policy and pet fee policy to your prospective Tenants/Tenant-Buyers.

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Explain utilities and utility fee policies
While looking at the property, explain how utilities work (which ones are in their name and which ones are kept in your name) as well as the utility fee policy to your prospective Tenants/Tenant-Buyers.

If you happen to know average utilities for the property, share that as well.

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Explain next steps in application process
While looking at the property, explain the next steps to your prospective Tenants/Tenant-Buyers:
- Fill out application (and what that means)
- How the application approval process goes
- How you notify them
- How the reservation deposit works when they're approved
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Provide prospective tenants/tenant-buyers "Rental Application"
Provide any prospective tenants and/or tenant-buyers your "Rental Application" to complete by each person 18 or older that will be living in the property.

If you are a licensed Real Estate Agent renting your own property you must also send over a copy of the "Brokerage Disclosure to Tenant" via DocuSign at this step as well to have them acknowledge that you do not represent them in the transaction.

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Collect completed "Rental Application" and verify information
Once the Tenant/Tenant-Buyer has completed the "Rental Application" collect it from them. In an ideal world, you'd collect it from them at their current residence giving them little or no notice so you can see how they maintain that property.

Is the property clean? How is the outside maintained? This is how your property will look.

This is also a chance for you to visit with their pet to make sure it is friendly.

It should include:
- A complete application for each person over the age of 18 who will be living in the property. That includes children over 18. Check the application to make sure you can read everything and that every spot is filled in. Ask them to mark any blank spots with "N/A" if they really are not applicable.
- Application fee of $30 per application in cash, money order or cashier's check only. Do not accept personal checks.
- Copy of valid Driver's License (or state-issued photo ID if no Driver's License). Check to make sure they look like the person on the ID and that the name on the ID matches the name on the application.
- Proof of current balances in checking and savings accounts.
- Previous 3 months of statements for checking and savings accounts.
- Latest W-2 and most recent 2 months of paystubs (or if self-employed, previous 2 years or tax returns)
Remember, you're about to loan someone an asset worth (in many cases) hundreds of thousands of dollars... treat the application process as such!

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Pet visit
When you pick up their application, do a pet visit. This is also an opportunity to see their current residence.

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Peak inside potential Tenant/Tenant-Buyer's car
Either meet the Tenant/Tenant-Buyer at their car when they pull up or walk the Tenant/Tenant-Buyer out to their car after the showing so you can look inside their car.

If the inside of their car is full of trash, that's how your property will look since that's how they take care of stuff. Write down the condition of their car in your notes.

TIP: If this is not part of your written Tenant Evaluation Criteria, we strongly recommend adding it.

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Don't chase prospective Tenants/Tenant-Buyers
If the prospective Tenants/Tenant-Buyers do not submit an application do not chase them... you're not trying to convince them they should rent from you... you want someone who wants to rent from you and loves the home.

If they are interested, they'll follow up with you.

Do more marketing instead of chasing.

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Alternative Showing Variations
While we recommend scheduling individual showings for the property, there are some alternative methods you may consider in the right situation.

For example, you could also:
- Put a lockbox on the property and have people show it themselves. Not good when tenant-occupied.
- Hold an open house. "I'll be there from 1 to 3 PM on Saturday." Not good when tenant-occupied.
- Scheduling back t back showings, every X minutes (usually 15). Recommended.
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Call Tenant/Tenant-Buyer references
Call your prospective Tenant or Tenant-Buyer references.

Mark this task as complete when finished.

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Evaluate prospective Tenant/Tenant-Buyer
Using your written Tenant Evaluation Worksheet, evaluate your prospective Tenant or Tenant-Buyer and determine if they qualify.

Process Application Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 60
If you haven't already, conduct a pet visit
If you have not already done so and they're going to be staying in the property with a pet, you should conduct a pet visit to make sure the pet is friendly with strangers.

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Approve or decline Tenants/Tenant-Buyers
If your Tenants or Tenant-Buyers pass your written Tenant Evaluation Criteria, approve them.

If your Tenants or Tenant-Buyers fail your written Tenant Evaluation Criteria, decline them.

Mark this task as complete when finished.

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IF DECLINED BASED ON CREDIT: Provide Tenant/Tenant-Buyer with letter stating they were declined based on credit
If your Tenants or Tenant-Buyers fail your written Tenant Evaluation Criteria based on their credit, you are required by law to send them a letter stating they were declined.

Here's one sample, but you should have it reviewed by your own attorney prior to using it:

https://www.free-legal-document.com/rejection-letter.html

Mark this task as complete when finished.

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Give Tenant/Tenant-Buyer copy of "Lease"
Give your Tenant/Tenant-Buyer a copy of the "Lease".

Lease Lease Signing and Lease Review Lease-Option Tenant Screening Tenant-Buyers Tenants Ultimate Nomad Checklist Week 60
IF TENANT-BUYER: Give Tenant-Buyer a copy of "Option" agreement
If you're offering a Lease Option, then explain the Option to your Tenant-Buyer but strongly encourage them to talk to their own attorney.

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Explain "Lease" to Tenant/Tenant-Buyer
Go over the "Lease" in detail, section by section explaining it to your Tenant or Tenant-Buyer.

Encourage them to seek advice from their attorney.

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IF TENANT-BUYER: Explain "Option" to Tenant-Buyer
If you're doing a Lease-Option, go over the "Option" in detail, section by section explaining it to your Tenant-Buyer.

Encourage them to get the advice of their own attorney.

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Have Tenant/Tenant-Buyer sign "Lease"
Have your Tenant/Tenant-Buyer sign the "Lease".

Lease Lease Signing and Lease Review Tenant-Buyers Tenants Ultimate Nomad Checklist Week 60
IF TENANT-BUYER: Have Tenant-Buyer sign "Option"
If you're doing a Lease-Option, have your Tenant-Buyer sign the "Option".

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Give Tenant/Tenant-Buyer a copy of signed "Lease"
Once your Tenant/Tenant-Buyer has signed the "Lease" give them a copy.

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IF TENANT-BUYER: Give Tenant-Buyer a copy of signed "Option"
If you're doing a Lease-Option, once your Tenant-Buyer has signed the "Option" give them a copy.

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IF ROOMMATE: Review their liability and renter's insurance policy
If you're getting a roommate (renting out part of the home you're living in), remember to review their liability and renter's insurance policy.

Your homeowner's policy covers YOUR STUFF and the house, but your roommates each need their own insurance policy to protect THEIR STUFF and liability if they do something and are liable.

Insist they get and provide a copy of the policy to you. It is usually very inexpensive to get.

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