You Just Bought Real Estate, Now What? - EP.39

We’ve spent a lot of time on this podcast telling you how to find
alternative investments — how to buy them, how to raise money for
them, and more — but we haven’t talked a lot about what to do
after you close. 


It’s really no exaggeration to say that a lot of stuff happens
after closing — so today, we’re going to get into everything you
need to know about what happens after you buy a real estate
property! We talk property managers, important steps to take
before closing, what you should do immediately after closing, how
to go about improving or changing up things in the property, how
quickly you should roll out these changes, and more. We hope
you’ll join us!


Key Takeaways:


[:12] About today’s episode!


[1:04] What should you do immediately after buying real estate?


[6:50] Do you have a property manager set up before you close?
And what is the property manager’s role? And what kind of revenue
do you need to be taking in per year to be able to support a
property manager or property management company? And what
percentage of the total rent do they take?


[10:10] Should you use the building’s existing property manager?


[10:47] Other things you need to make sure you’re doing once
you’ve acquired a real estate property.


[14:00] More important details to remember after acquiring a real
estate property.


[14:57] How to go about improving or changing things up in the
property.


[15:41] How quickly should you roll out changes? Should you give
people time to settle in to the new ownership?


[18:50] How to make renters excited about change.


[20:44] If you had to raise capital to purchase this building and
have investors, what should you do immediately after closing?


[21:55] Wrapping up this week’s topic.


[23:55] We’d really appreciate if you could leave us a nice
review on iTunes!


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TheAlternativeInvestorShow.com


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