As part of takeover on a new asset, I follow a checklist and work with the third party management company to make sure all the various items are being handled such as:Setup bank accounts, order checksGet all the utility accounts transferredAlert vendors of new ownershipCommunication to tenantsOrder new signageSetup property websiteGet phones and internet setupOrder marketing materialsAny many, many other itemsWe took the asset over at 93% occupancy.The day after closing, increased rents $20 to $30 on all floor plans for new leases and lease renewals.As of 4/22/16, we are 97% pre-leased with the new rents in place.

With my major medical position has made me more involved with the Internet.  

The big benefit I have in my handyman portfolio is that I am either laying the tile or closely supervising the job as it's done by people whom I've personally trained.That's part of how I've come into this business, as a handyman investor with quite a bit of prior experience in laying tile.My portfolio is also almost completely occupied by health care professionals, who in general are trained to appreciate the advantages of ceramic tile as a sanitary surface.

It’s the only way to train them and set the bar .

I'm looking at a property near Boston for $70k, decent school district, 5 minute walk from the train station (15 mins to the city), and median selling price in the area is well above current asking price (~$400K).

I’d hate for them to be able to show up on my doorstep or write slanderous things about me on the internet if a dispute comes up.

It's better than what you'll get from most attorneys and what you'll find on the internet.

So my $700 loss by selling would have a $1,150 monthly cash flow increase.Sorry for going on and on but my process is pretty streamlined so even a PM would be happy as tenants are pretty trained but I'm sure they could add even more value.

Hey ya'll, So I recently got a job that's going to be paying 100% commission after my training is over.

These are professionals with additional training and a stricter code of ethics.