Some of the tinier nuances in real estate that you can only pick up by doing more deals and taking more reps:
-Best methods for sourcing opportunities (the big one)
-What roads/corridors/pockets to avoid (even if they’re in the right zip code)
-How to approach Historic & Neighborhood Associations
-How to maximize the inspection period
-How to find un-permitted work
-Handling encroachments
-How the permit office wants your applications to look (and read)
-How to (properly) execute utility transfers (we learned the hard way early on and our gas was cut off)
-Best practices for shopping insurance
-Handling vagrants around a property (so they don’t come back)
-Price per sq.ft metrics/general pricing for each portion of the renovation
-How to dig out more value during the renovation process (additional bedrooms, new lay-outs, large windows, outdoor spaces)
-The best materials to use
-How to address knob and tube wiring, cast iron plumbing, termites, and other unknowns
-Who to call if the property doesn’t have a public sewer tap
-Best ways to market to and source great tenants (use great leasing agents)
-Process of vetting service providers and who to avoid
-Which people to use for repairs vs. renovations
-What preventative maintenance is needed and how often
-How to expedite unit turnovers
-Best reporting methods