Get all your details done on deals

There are a lot of different things that need to be accomplished when your doing an investment property. The usual stuff is buying, closing, and getting the property ready to profit for you.

Their are other items you must consider when doing a property. For example make sure you or your contractors have the right permits. I have a home we are currently doing that has 7 permits! These must be pulled in order to get the home finished. On this particular home I had to go down and meet with the building commissioner to talk about an inspector who I thought was unreasonable. The building commissioner was a great guy and sided with me and we got the permit fulfilled! Sometimes you need to do this to save you or your client a lot of unnecessary money.

You will also need to know prices of items that go into your investment property. Example I bought a heater and the installer was really high on his work (price wise). I called him on it and explained what we were willing to pay for that installation. He agreed. Saved my client a couple hundred dollars. It all adds up at the end of the deal.

If you are an out of state buyer require that the contractor/Realtor send you videos on the progress of your property. I load all my clients videos/pics up on Rooftopvideo.com so not only can my clients see the videos, but people they know. The videos are also a great resource for insurance claims and helps with the he said she said scenario's.

The videos also help you with the history of your property and could be a great marketing tool for when you decide to sell your property (for a rental property).

The last detail I want to talk about is lawn care. Our company recently hired a yard improvement company. That really makes a difference on the look of the investment property. Especially in the summer time in Ohio. He simply puts some mulch and flowers in. Then he trims the yard and the bushes. Wow! that really makes a difference and can help your investment property really stand out from the crowd.

These are but a few things that are important in doing all the details on your investment property to make the most money on your portfolio. So remember to keep those in your mind when doing an investment property. Brett Young Rooftopinvestment