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Updated over 10 years ago, 08/16/2014
Whats your buy and hold 'dream team' consist of?
Hi, soon to be landlord and buy/hold investor *knock on wood*
I am compiling what I consider my 'dream' team for investing and managing my RE buy and hold portfolio.
RE Agent - I am starting out with a solid RE agent. I am meeting several in the next few weeks and will pick a few that I thought were the best in terms of response time and service.
Lender - I currently have my pre approvals from two big banks, but I know I need a portfolio lender, so I am scouting the local banks and credit unions, tbd.
RE Attorney - this goes without saying...but how do you know a good from a bad one? especially at first contact?
Handyman - definitely need one to handle the emergencies and nuisance items, especially since I will be living several hours away from the properties...Any suggestions how to find one? I am going to ask the agents if they know one.
Painter, Contractor, Plumber, Electrician - Definitely reliable and honest ones (and insured) are important, am thinking of using Angies List or asking agents.
To manage the money planning on either direct deposit or mailing cashiers checks or money orders. If the person passes stringent background/criminal check, has great credit or makes great income and comes off like a good person, I may accept personal checks to make it easier. I can't afford a property manager yet.
Any one else I need to add to my dream team?