{"id":106606,"date":"2019-02-04T14:30:21","date_gmt":"2019-02-04T21:30:21","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=106606"},"modified":"2024-02-20T15:59:56","modified_gmt":"2024-02-20T22:59:56","slug":"prepare-rental-property-closing-rock-star","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/prepare-rental-property-closing-rock-star","title":{"rendered":"How to Prepare for Your Rental Property Closing Like a Rock Star"},"content":{"rendered":"<p>Real estate investors do NOT talk enough about what needs to happen to be fully prepared for closings on rental properties (on the purchasing side). Some closings go smoothly; others can be disastrous.<\/p>\n<p>The more prepared and organized you are, the better closings will go. (Added bonus: you&#8217;ll avoid running around like a crazy person the day of!)<\/p>\n<h2>Getting Ready to Close? Watch This.<\/h2>\n<p><iframe loading=\"lazy\" title=\"Preparing for Closing on Your Rental Property with Matt Faircloth for BiggerPockets\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/_--8TLePb0w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>In today&#8217;s video, I discuss how to prepare to buy a rental property. Be sure to sort out the following prior to closing:<\/p>\n<ul>\n<li>Title and Legal<\/li>\n<li>Tenants<\/li>\n<li>Loans<\/li>\n<li>Insurance<\/li>\n<\/ul>\n<p>As always, let&#8217;s get some discussion going!<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/real-estate-investment-calculator?utm_source=renewsblog\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-91220\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-02.jpg\" alt=\"\" width=\"700\" height=\"85\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-02.jpg 700w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-02-300x36.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><em>What did I miss? What do you think is imperative to include in a &#8220;preparation list&#8221; for buying a rental property?<\/em><\/p>\n<p><strong>Thanks for watching and commenting!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate investors do NOT talk enough about what needs to happen to be fully prepared for closings on rental properties (on the purchasing side). Some go smoothly; others can be disastrous. The more prepared and organized you are, the better it will go. Here&#8217;s what to sort out to prior to the big day!<\/p>\n","protected":false},"author":1673,"featured_media":107124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7390],"tags":[],"class_list":["post-106606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquiring-property"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/106606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/1673"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=106606"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/106606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/107124"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=106606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=106606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=106606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}