Dream Team – Post-Closing

Determine your Photographer

You will want a Photographer to take professional photos of the property while it is vacant before you move in if this is a Nomad property or before a tenant moves in if this is a partnership purchase or a non-owner-occupant purchase.

We recommend that you have photos taken right after you close before you move in in almost all cases. You will use these photos when you're marketing the property to rent.

Ask your Real Estate Broker for a recommendation.

Mark this task as complete once you've decided which Photographer you will use to take photographs of the property after you close.

Dream TeamDream Team - Post-ClosingDream Team - Pre-ClosingMarketingUltimate Nomad ChecklistWeek 12Week 64

Determine your Contract and Paperwork Attorney for Post-Closing Paperwork

If you're going to have your Lease (or any other paperwork you might sign) reviewed by an Attorney before you use it, you may want to determine who that attorney will be.

This attorney will also probably review your Contract to Buy and Sell Real Estate.

Ask your Real Estate Broker for a recommendation.

Mark this task as complete once you've decided which Contract and Paperwork Attorney you will use to help review your legal documents or if you're qualified to review them yourself.

Asset ProtectionDream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 54

Meet with Contract and Paperwork Attorney to go over Lease

Once you've read through the Lease and highlighted sections you have questions about, take your questions and meet with your Contract and Paperwork Attorney and go over your questions about the Lease.

Mark this task as complete once you feel comfortable with the Lease.

Dream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 44

Determine your Plumber

Decide which Plumber you will use to do a should you have plumbing issues with your property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Plumber to use.

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 19

Determine your Flooring Company

Decide which Flooring Company you will use to do carpet or other flooring on the property.

You can ask your Real Estate Broker for recommendations.

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

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 21

Determine your Handyman

Decide which Handyman you will use to do a should you have general maintenance issues with your property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Handyman to use.

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 18

Determine your Painter

Decide which Painter you will use to do painting on the property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Painter to use.

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 22

Determine your Roofer

Decide which Roofing Company you will use to do roof related work on the property.

You can ask your Real Estate Broker for recommendations.

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

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 23

Determine your HVAC Company

Decide which HVAC Company you will use to do a heating and air conditioning work on the property.

You can ask your Real Estate Broker for recommendations.

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

Dream TeamDream Team - Post-ClosingUltimate Nomad ChecklistWeek 24

Determine your Electrician

Decide which Electrician you will use to do electrical work on the property.

You can ask your Real Estate Broker for recommendations.

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

Dream TeamDream Team - Post-ClosingDream Team - Pre-ClosingUltimate Nomad ChecklistWeek 20

Determine your Credit and Background Check provider

Determine who you will use to run credit and background checks on your tenants and tenant-buyers.

Mark this task as done when you determine who you'll use.

Dream TeamDream Team - Post-ClosingTenant ScreeningUltimate Nomad ChecklistWeek 43

If you haven't done so already, determine your Credit and Background Check provider

If you have not already done so, determine who you will use to run credit and background checks on your Tenants and Tenant-Buyers.

Mark this task as done when you determine who you'll use.

Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43

Research local landlord-tenant laws for your city, county, and state

Take some time to research the landlord-tenant laws for your city, county, and your state.

Mark this task as done when complete.

Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43

Make sure you have adequate cash reserves

Make sure you feel comfortable with the cash reserves you have for your rental property.

Most CPAs will recommend you have between 6 months and 12 months of your mortgage payment, taxes, insurance and maintenance reserves for your property.

If you do not have this amount saved for your property, make it a goal to work on building up your account to have that for each rental property you have.

Mark this task as done when complete.

Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43

Attend local landlord meetings

Find your local landlord group and attend meetings to stay abreast of the rental market and network with other landlords.

Mark this task as done when complete.

Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43

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