Welcome

We are not professionals, nor should any of the content here be used without professional validation to make decisions for your situation. Since entries appear with the most recent on at the top, if you would like to read in a chronological order start at the bottom.

If you feel that the experience shared here has helped you save time and money please consider donating to help spread the costs of acquiring it. Any contribution is appreciated. By way of thanks, anyone who donates will receive bonus materials:

- Current copy of detailed notes

- A sample accounting spreadsheet we use instead of costly accounting software

- A sample Statement of Qualification and Operating Agreement for an LLP

Thanks and good luck with your property!

Tuesday, December 29, 2009

Looking

Looking: Some key tips that we found useful:

- Find a good local real estate professional. We aligned with Jeff Dicks of RealCore Realty (and National Rental Pros), and he was (and continues to be) excellent! (602)745-1111
- For renting it is handy if he/she is also (or connected to) a property manager
- If he/she has a network of contacts for repairs etc, that will help reduce costs
- Check for Home Owner Association applicability, rules/regs in addition to the usual information sources. E.g. Make sure there are no restrictions against renting if that is what you intend

Our experience was that a good real estate professional who is well connected, and who can seemlessly manage the property for rent after the sale can significantly reduce expense and workload.
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