Updated almost 10 years ago on . Most recent reply
To-Do List or Checklist after Property is Under Contract
I finally have my first property under contract (Yay!). It will be in the BRRR mold, as it needs a rather large renovation. As the time approaches for closing I often think of a task, or detail I need to complete, and think "Oh yeah. I have to remember to do that." I'm worried about leaving something out.
So, does anyone have, or could point me to some sort of checklist that helps with tasks as I move through closing, renovations, advertising, etc. Suggested timelines would be great too.
The items could be obvious, or a small detail that some forget. Some examples:
--Contact township regarding permitting process
--Meeting with attorney to draft rental agreement
--Contract with construction company that covers scope of work and timelines
--Turning on utilities!
--identify and choose online rent payment system
--verify mailing address
--determine how to turn one mailing address into 2 apartment addresses through USPS
--develop packet for new tenants with utility phone numbers, my contact info, etc.
These are a few off the top of my head, and certainly not inclusive. I know many of you experienced folks probably have systems to where this is second nature. With this being my first, having a list and some guidance could be very helpful.