Tips for things to do after you purchase a rental

Tips for things to do after you purchase a rental

Cottage Grove, WI · Member since 2013 · 16 posts · 2 votes

So we close on 9/16 on a duplex. I am just wonder what are some things that I should do as soon as we own the place? I know I will be changing the locks on all the doors to make sure no one has kept keys from previous ownership. I will also be replacing all smoke and carbon monoxide detectors. Just looking for other general tips. Thanks!

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Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
13y

@Brian Hellenbrand congrats

insurance

start determining paint colors

drapes / blinds

check your local code department for any outstanding issues

condition of mailbox

water company

heat / electric company

make sure you have a good attorney on your staff

determine trash days for this property

start preparing your rent advertisement ads

etc

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  • Residential Real Estate Broker · Napa, CA · Member since 2010 · 21 posts · 32 votes
    13y

    I would start marketing it as available after that 9/16 date so you have a list of potential tenants ready to go.

  • Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
    13y

    @Brian Hellenbrand congrats

    insurance

    start determining paint colors

    drapes / blinds

    check your local code department for any outstanding issues

    condition of mailbox

    water company

    heat / electric company

    make sure you have a good attorney on your staff

    determine trash days for this property

    start preparing your rent advertisement ads

    etc

  • Binghamton, NY · Member since 2013 · 5 posts · 0 votes
    12y

    Get a home performance or "energy audit" done. They can measure and verify that everything is within safe operating conditions. A typical home inspection doesn't cover gas line inspection, worst case combustion testing, or identifying energy performance opportunities. See here

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