OOS 1st rental property - PM is asking Closing statement

[Kevin Kim]

GM All

I closed my 1st rental property and now I am working with PM company. 

Local PM is asking some closing statement. Do we need to provide closing statement?

It has been 1week since closed. Now PM company will get a quote to fix before rent out.

How long usually take between close to rent readiness? When I spoke with them first time, they say it will take 1-2 weeks but it is already passed 1week and we haven't start any minor fix for the rent.

I am not sure if it is normal. I am OOS and the property is located in TN.

[Evan Polaski]

@Kevin Kim, as noted, how long it takes depends on scope of work, availability of materials and labor, completing whatever the PMs process is (which sounds like it includes the closing statement).  

The simplest and most accurate answer is to be asking the PM.  Ask them why they need the closing statement.  Ask them what they need from you to get the rehab going.  

And remember, you are starting and running a business now.  Communicating with your employees, understanding their needs to be successful is an integral part of running a business.