There are many things that go into property investing. From Finding a property, to the negotiations, to the closing, to the rehab and finally to the closing and the resale. There are many things that can go right, and alot that can go wrong! Let’s look at a few hacks to help make you successful!
make sure on your initial walk-throughs that all windows are locked. This may not seem like a big deal but it’s a really way to keep a vacant property safe.
Chat with the neighbors, the quicker you can build a relationship with the neighbors, the safer your property will generally be. They want a safe neighborhood and generally don’t mind keeping an eye out.
Take your tools home every night, but if you can’t, make sure to put them in a area of the home that they cannot be seen from the outside.
Change all door locks upon purchase.
Install a lock box for the keys, you can use this code for all trusted contractors and realtors.
Make sure all lighting is working efficiently.
Keep all job sites swept up. This is a great way to maintain a safe and productive work environment.
Turn off Main water when you’re going to be gone for a while. Water leaks are a huge issue to your success.
These are some tips that will help you as you get on your way in property investing. Feel free to reach out to us anytime by text or phone. We do a great job insuring vacant properties that are under renovation, as these policies are handled differently and we want to ensure that your investment is covered.