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Responses

  1. It is important to check the credibility of the company with recommenders and Google as my predecessors said
    What I want to add is
    1. Check that you are not buying above the market price. If you do not know how to do this, you can at least go to Zilo and see the prices sold in the area and see that there are houses sold at the price you pay. (Of course houses of the same size and number of rooms)
    2. Transfer money solely to Teitel and make sure the sale is done through Teitel (if not buy)
    3. To make sure that Teitel insurance is done.
    4. Do not pay any money for renovation before it is done.
    5. If the house has been renovated to send an inspector (you alone do not ask the company) to have the house inspected. (If the house is not renovated then send it after the renovation is done and ask it to check that everything that needed to be done was done)
    6. Keep a record of everything that has been repaired and install at home and check on what is warranted and for how long.
    7. Make sure the house is registered on your behalf to ask the company for proofs and check it at Public Record.
    8. Make sure to copy all the paperwork: purchase contract, lease contract, leases.
    9. To check who the management company will be and to check on it even if the Israeli company is the one who will be responsible for it (and preferably so).
    10. Check with the company what happens on the day you decide to go on sale Is this something you have to deal with alone if you can sell in the regular market if they sell it to another investor.
    11. I don't want to take a percentage that shows risk, but I should know that too high a rental yield usually comes from the problem of tenant problems, so in the end, many times it doesn't reflect the real return.
    12. Make sure there is insurance on the house.
    13. Make sure all the time in county / city sites that the payments of taxes / water / electricity / gas are indeed made.
    Apparently I forgot something but tried to write everything. The majority is unfortunately written from the burns of investors that I work with.
    I remembered another important thing I forgot and that is the contract should check the contract / investment agreement is better of course by an attorney, see a purchase contract in your name from the seller see that it says the amount you paid and if not then understand what else you paid and to whom and things will be written with the appropriate receipts .