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Updated almost 9 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Matt Smith
  • Saint Thomas, Ontario
1
Votes |
11
Posts

Steps taken after closing

Matt Smith
  • Saint Thomas, Ontario
Posted

I will be closing on my first rental property (duplex) next week and wanted to see what processes people have in place to transition into the new property.  The units are both currently rented so I want to go there within the first couple of days to meet the tenants and review the leases, deposits, etc to make sure we are all on the same page.  I also felt this would be a good time to do a fresh walk through with the tenant to address any issues or concerns that might have crept up throughout the selling process. 

 Does anyone have some suggestions or a walk-through checklist that they use when purchasing a new property or renting to a new tenant?  A couple of things I thought about:

-confirm smoke alarm operation and fire extinguisher charge

-no damage to unit

-change furnace filter

-check all drains for proper drainage (clean out traps if needed)

Thanks in advance! 

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