Task List - Rent

Task List Rent

Purchase and Rehab Checklist


This should be completed by broker and investor. The contract, disclosures and any other documentation can be found in Dotloop.


Earnest Money should be delivered to appropriate party and we will upload a copy or receipt to Dotloop.


Make sure your lender has a copy of sales contract, disclosures, and addendums.


The lender may require rehab scope to be provided. Some lenders require rehab scope on their own form. Please verify with lender requirements.


Make sure to order a vacant property policy for your investment. This is a critical step and is overlooked by investors paying cash as there is no lender requiring this item for closing. A vacant property policy should be ordered. Homeowners, landlord policies do not cover vacant homes. Please check with you insurance agent for specific requirements. A vacant property policy is usually double the cost of a homeowners policy.


All utilities will need to be activated for renovation team to start remodeling. You can find utility contacts for the town property is located in using the button below. Make sure to record account number as you will need this to deactivate the account on the property is sold and closed.

  • Gas
  • Water
  • Electric
UTILITY CONTACT LIST


  • Let them know you have closed.
  • Inform them of days when utility companies will be at the property to activate.
ORDER CREWE


This is optional but highly recommended! The qualitylacontrol inspector will visit property bi-weekly from purchase date to close date with end buyer. You will receive a detailed photo report after each visit. This will be sent via email and uploaded to Dotloop.

  • Provides detailed photo report of property during rehab.
  • Will meet with renovation team for a final walk-through and provide photographed report.
  • Monitors property during marketing period, documented with photos.
  • Continues to visit during closing period, up until home closes.
ORDER QUALITY CONTROL

*Quality control inspector is NOT a licensed home inspector. They are visting property to report rehab progress, cosmetic condition issues and property preservation.


Make sure to keep your investment looking at it’s best by ordering Grass/Snow service.

ORDER GRASS/SNOW


Many investors will stage their property prior to listing. If your home needs a little “oomph” this can do the trick. Many of our investors implement this on every project they complete.

ORDER STAGING


If you have hired quality control, this will be completed by QC. If you are monitoring your own property, please schedule with rehab team prior to listing home.


We highly recommend having a home inspection company professionally inspect the property before listing for sale. There may be items that could potentially be “deal killers” when end buyer completes their home inspection. We can mitigate deal loss by completing this before listing for sale.

If you use professional inspector below use coupon code “chaseqc” when ordering for a substantial discount.

ORDER HOME INSPECTION
*This service is conducted by a Illinois Licensed Home Inspector

Rental & Property Management Checklist


Once the home is photo ready, please use the button below to list your property for rent. We do need property to be at it’s absolute best. The first few days on market are critical and a home that shows well – rents well.

After compleing the List Property form, we will send you listing agreement, disclosures and other listing documents through Dotloop.

LIST PROPERTY


For investors utilizing quality control services, this is done for you bi-weekly. Please make sure to review your reports.

Investors who are doing this on their own, we recommend visiting the property at least once every two weeks to ensure property shows well and property is being properly preserved.


For investors utilizing quality control services, this is done for you bi-weekly. Please make sure to review your reports.

Once we have an interested party, our Leasing Team will perform an extensive 5 point background check to include:

  • Credit and Criminal background checks.
  • Screen all potential tenant’s though a sex offenders database.
  • Verify employment.
  • Verify previous rental history


Our lease agreement is updated annually by an Illinois attorney which includes the following:

  • Residential Lease.
  • Required Illinois Real Estate Disclosures.


At the time of closing make sure to deactivate utilities.

  • Gas
  • Water
  • Electric
DEACTIVATE UTILITIES


Make sure to notify quality control that home is closing. Please notify them a few days prior to closing.

CANCEL QUALITY CONTROL


Please notify Grass/Snow service that home has sold. This should be completed a few days prior to closing.

CANCEL GRASS/SNOW


Cancel vacant property policy and transfer to a landlord insurance policy. Check with your insurance agent for correct coverage.


Many investors manage their own property. We have a reputable company who will assist in property management if required.

Advanced Owner/Tenant/Property Manager Online Portal
  • Move-in inspection documented with photos.
  • Reviewing and extending leases.
  • Routine inspections documented with photos.
  • Tenant relationship using online portal, phone, email and text.
  • Rent collection completed electronically from tenant.
  • Payments sent to owner electronically or via mail – you select option.
24 Hour Property Protection
  • Maintenance and repairs.
  • In-house maintenance and repair service keeping your cost to repair at a minimum.
  • Warranty on all repairs – you won’t be charged for repeat services.
ORDER PROPERTY MANAGEMENT


Now it’s time to start looking for the next one. As always we are here to help!

Chase Real Estate – We are How The Game is Won