All Forum Posts by: Gary Jenson

I've got my first couple of purchases nearing the real estate closing date.  I'm wondering if someone has a checklist for closing and making the transition in ownership for a new multi-family property owner.  The properties are a couple hundred miles away.  One will have a contracted realtor/ property manager, the other will have a maintenance guy (the former owner) available to me, but I will be the property manager.  So, I have a repair scheme in place. 

I acquired a google voice phone number local to the area code.  I'll skip the PO box for rents, as I don't want to spend extra to start.  I'm hoping tenants at the place where I PM for will get on board with making an ACH deposit to an account number at my bank.  

Not owning the places yet, I don't know that I can give folks notice that I want to come through and assemble my list of todos, and make plans for what I want to change.  

I'd love any checklists, or detailed advice on how to make "take over" and make the transition of ownership for my new properties!

Thanks!
Gary

Hi, Just joining BP.  I held onto my previous house on the EastSide of seattle when I moved up here to beautiful Anacortes.  Just refied it and am looking for some of these elusive great deals.  I found one multi-family in eastern WA I hope to close on in February.  Single-, multi-, I don't care, I'm just looking for cash to help get the kids through college.  I'll be in the kids-in-college business for a while!