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Are you a new landlord? A new rental property investor? Here's how the Kwak Brothers walk through their properties to check for problems, issues and damages to the property. This is a general walkthrough as other properties and units may require special attention at certain times of the year. If you are a new investor, it's very important to check the property after the tenant has moved out. Here are OUR steps after tenant moves out:

Step 1.) Secure the Keys and all duplicates
Step 2.) Check all Locks to make sure they function.
Step 3.) Conduct a Thorough Walkthrough
Step 4.) Clean the unit as needed. Repair any damages and make sure you get ALL copies of the receipts, invoices and estimates from your contractor/cleaning crew.
Step 5.) Subtract he repair/cleaning costs from the security deposit.
Step 6.) Depending on the State and Local Laws, you have a specific time frame as to when you need to return your tenants' security deposit. Make sure you return it promptly. If you want to ensure the deposit is returned, hand it to the tenants personally OR mail it using certified mail.
Step 7.) Have the unit/property ready for the next tenant. Take LOTS of good pictures once the property is back in its shape!


Get Our FREE Real Estate Investing Book: "0 To 75 Units In Just 1 Year " Get Your FREE Copy here: https://0to75units.com'>https://0to75units.com

The Kwak Brothers are millennial real esate investors who have acquired over 76 Units of Rental Units and have raised over $6,000,000 in capital for their real estate deals. They are based out of the Chicagoland area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multifamily rentals.


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DISCLAIMER The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.