Take Action Real Estate's Quick Tips in Real Estate Investing!
When working with off-market deals, make sure to confirm your appointment the day of. Avoid driving out to the property only to find that nobody is there and you're all alone!
If the property is occupied by tenants, make sure you get the following information before closing: Find out whether or not there is a lease in place and whether or not the tenant paid a deposit. If they did pay a deposit, make sure to get that from the owner at closing. Find out who pays the utilities as well as who owns the mechanicals at the property. All of this information will help you streamline the leasing process for you and your inherited tenant.
Reach out to municipalities and get a list of code violations and vacant properties. This will allow you to easily pinpoint owners in distress while helping the city clear up problem properties.