First Investment Purchase Closing June 1st

[Steve Peterson]

I am new to Bigger Pockets and am learning a lot reading all of the endless posts about RE.  I am closing on my first rental condo soon and I am trying to make sure it gets rented as soon as possible.  Here are the things that I have done already: I have calculated the potential improvements needed and also got a time frame for completion from a contractor.  I have a meeting set up to get land lord insurance as soon as I close on the property.  I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively.  I was in the mortgage industry for numerous years and know that my closing will be fine.  I have also contacted the city to see inspection schedules to qualify my newly acquired property.

I feel like I have done most of what I can do while waiting for the close but am not sure.  I guess my question is, am I missing something?  For those that have done this before, any help would be greatly appreciated.  

[Matthew Rogers]

Sounds like you've covered about everything. I'd suggest shopping your insurance quote to find the best deal.

Also if you haven't done so already do some research around background checks and lease agreements. Make sure you have a process in place for every potential tenant that wants to turn in an application. 

It's exciting closing your first deal but what will be really exciting is when your tenant pays their rent on time month after month. Make sure to screen well and don't take the first person that applies unless they really are the best!