The following is an outline of the various Nomad™ checklists that we have. I would suggest using it as a way to get a visual overview of the various systems and processes we have for buying a home (as a Nomad™), living in it for a year then converting it to a rental.
- Before
- During
- Buying Process Overview
- First Meeting (considered part of Before)
- Pre-Showings
- Showings
- Writing Offer
- Pre-Offer Due Diligence
- Strategize
- Info Required
- Draft Offer
- Review Offer
- Sign Offer
- Present Offer
- Negotiate
- Contract to Close
- General
- Title
- Record Title Deadline
- Record Title Objection Deadline
- Off-Record Title Deadline
- Off-Record Title Objection Deadline
- Title Resolution Deadline
- Right of First Refusal Deadline
- Owner’s Association
- Seller’s Property Disclosure
- Loan and Credit
- Loan Application Deadline
- Loan Objection Deadline
- Buyer’s Credit Information Deadline
- Disapproval of Buyer’s Credit Information Deadline
- Existing Loan Documents Deadline
- Existing Loan Documents Objection Deadline
- Loan Transfer Approval Deadline
- Seller or Private Financing Deadline
- Appraisal
- Survey
- New ILC or New Survey Deadline
- New ILC or New Survey Objection Deadline
- New ILC or New Survey Resolution Deadline
- Inspection and Due Diligence
- Inspection Objection Deadline
- Inspection Resolution Deadline
- Property Insurance Objection Deadline
- Due Diligence Documents Delivery Deadline
- Due Diligence Documents Objection Deadline
- Due Diligence Documents Resolution Deadline
- Conditional Sale Deadline
- Closing and Possession
- Closing
- After
- Post-Closing
- Dream Team – Post-Closing
- Post-Closing Bookkeeping and Accounting
- Maintain Your LLC
- Prepare to be a Landlord
- Prepare Property for Rent
- Advertise Property for Rent
- Take Calls From Tenants
- Showings to Tenants
- Process Application
- Approve Applicant
- Collect Reservation Deposit
- Lease Signing and Lease Review
- Document Property Condition
- Pre-Occupancy Reminders to Tenant
- Tenant Move-In
- Tenant Week 1
- Tenant Month 1
- Tenant Periodic Inspections
- Resolving Challenging Tenant Scenarios
- Tenant Scenario: Black Mold
- Tenant Scenario: Rent Not Paid By Due Date
- Tenant Scenario: Rent Paid After the 1st and Before the 5th
- Tenant Scenario: Rent Still Not Paid By the 5th
- Tenant Scenario: Rent Check Bounced
- Tenant Scenario: One Roommate Didn’t Pay Rent
- Tenant Scenario: Not Maintaining the Property
- Tenant Scenario: City Ordinance Violation
- Tenant Scenario: Tenant Hold Over
- Tenant Scenario: Death of Tenant
- Tenant Turn-over Preparation
- Tenant Turn-over
- Post-Move-Out
- Collect Rent
- Property Maintenance
- Emergency Plan
- Next Property
If you have any questions about this or want to suggest an improvement, please do leave a comment below.
