What property management tasks should happen right after closing?

[Noam Birnbaum]

Hey folks,

I'm preparing to close a couple deals in the next month, and will be immediately putting those units under the care of an outsourced property manager.

All the R.E. books I've read talk a lot about the purchasing process, and about the property management process.

But I've never seen a comprehensive punchlist of everything that should happen right after closing, when the keys are fresh in hand, in order to transition a property from escrow into property management -- especially when there are pre-existing tenants and leases. The PM needs to become familiar with both the property and the tenant without having actually placed the tenant.

Do you have such a checklist, or just tips, you'd be willing to share?

Thanks!