3. Cost. Know the dollars going in! What are operating expenses? What are loan payments? Vacancy costs? Taxes? What does the current cash flow statement look like? Is there one? These are key issues that must be addressed before making a solid investment.

4. Know where your tenants are coming from...local or relocating. If the last rent increase was recent, your tenants may be considering a move. If tenants are coming from a lower cost of living area, consider this.

5. Taxes are a critical part of successful real estate investing, and they can make the difference between a positive and a negative cash flow. Consult a tax advisor as required.

6. Know what insurance coverage is required to cover your investment.

7. Call and verify recent utility expenses, especially if any of these costs are included in your tenant's rent.

8. Consult Your Accountant. Consult your Account. A must to successful real estate investing.  Can I say it again - Consult your Accountant!!

9. Inspect! Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment.

10. See Pamela Jo Kepner for Realtor/Brokerage assistance. Pamela is an excellent negotiator and can assist you in identifying, negotiating and making the deal happen.   Go to Pam's site  

For an overview of our Property Management Services and Fees, Click Here.