Don’t get in a hurry to do too much during Escrow. There are many things that can happen that will cause an escrow not to close.
You are not the owner of the property until title has transferred and you can do nothing without the owner’s permission. Rather than stirring up things during escrow, make your purchase based on what you will do following the gaining of ownership. Then begin to institute your plan in an orderly way. The first 100 days of property ownership may be like the president’s first 100 days after taking office. You have a honeymoon period with the tenants and can get some things done that may be more difficult later.
Just be sure that what you do is going to add value to the property. Sometimes lowering a rent may in a backward way add value, because a tenant at a lower rent may be better than no tenant at all.
Onward and upward Chet….. Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: firstname.lastname@example.org
Apr 12, 2011