If you are already the owner of buildings, then it is almost certain that you have, in some form or another, a comprehensive list of individuals and businesses with whom you regularly engage in transactions and conduct your business activities. This list likely includes a variety of professionals, contractors, and service providers who assist you in managing and maintaining your properties.
However, if you are new to the realm of property ownership, it is crucial to recognize the importance of establishing a network of reliable and skilled professionals and contractors. This group of individuals will play an essential role in aiding you with the numerous aspects involved in purchasing, managing, and operating buildings. From legal experts and real estate agents to maintenance personnel and construction contractors, having a well-rounded team can make a significant difference in the smooth running of your operations.
The concept of a “Rollo Index” can be invaluable in this regard. Essentially, this is a comprehensive directory or database of all the people and businesses you might need to call upon during your property transactions and management activities. It’s important to remember that you can never have too many contacts in your Rollo Index. Each member of your network can provide specific expertise, services, or advice that can save you considerable time and prevent potential frustration.
Knowing precisely which team members are required for the successful completion of any transaction or task will streamline your processes and ensure that you are well-prepared to handle any situation that arises. This proactive approach not only enhances efficiency but also contributes to the overall success and profitability of your property ventures.
The following is a short list:
- Financing
- Appraiser
- Lawyer
- Real Estate
- Appraiser
- Inspection
- Insurance Broker
- Engineer
- Environmental Engineer
- Structural Engineer
- Electrical & Mechanic Engineer
- Electrician
- Fire Inspection
- Roofing
- Window & Door Manufacturing
- H.V.A.C
- Concrete
- Brick & Mortar
- Elevator
- Kitchen Cabinet
- Surveyor
- Plumber
- Boiler
- Superintendent
- Tenants
- Family
The more people on your team the higher degree you will understand the true cost of any required, preferred, or mandatory upgrades required upon closing or in the future both short term and long term.