As investors, many of us buy properties with grandiose dreams of big returns and how this property will be a great addition to our portfolio.
A broker calls us and says he has a deal. We run the comps, complete the due diligence inspections, apply for a loan and make sure the area is not in decline.
We prepare for the transition and begin the on-boarding of the property just prior to closing so we don’t miss a beat in the process. We look at the rent roll to see where we are with each resident and decide whether to increase the rental rates.
The one thing that many investors never tend ...