Buying a Rental: Bring in the Pros

The 3rd and final step before buying a rental: Bring in the Pros
One of the more enjoyable aspects of these job walks has been learning from the pros. Sure, I fancy myself knowledgeable about many aspects of home improvement and commercial construction, but it takes a lifetime to accumulate trade knowledge like the pros. They are, after all, pros.
When we go to purchase a property, I’m always bringing them along. My roofer, HVAC guy, electrician, plumber and sometimes flooring sub are all key members of our team. I enjoy sitting back and listening as they discuss the intricacies of their individual trade. They offer great advice and really help me effectively assess the project scope and budget.
Who is on your team? What are your lessons from looking at properties in the past?

previous steps
Step 1 – Thorough Inspection
Step 2 – Speak Loudly and Carry a Big Stick
Next week I hope to share more from my crazy investment double-life. Stay tuned!

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Timothy Dahl

Timothy Dahl

Founder/EIC at Charles & Hudson
Timothy’s background includes stints at This Old House, ELLE DECOR, Metropolitan Home and Woman’s Day. His work has been published on Wired Design, Bob Vila, DIY Network, The Family Handyman and Popular Mechanics and he has been featured on the Martha Stewart radio show and as a speaker at the ALT Design Summit, K/BIS and the National Hardware Show.