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[Music] hey everybody and welcome back to rental trader youtube channel where we share insider info on the vacation rental industry for investors hosts and guests alike my name is margo and today were going to be covering the vacation rental contract process so uh what exactly happens after you get under contract to purchase a property huh yeah and how important are inspections really hey when is it okay to back out of a contract stay tuned and youre gonna find out after youve signed the purchase contract on a property you enter into the inspection and due diligence period which is when you have the opportunity to get the property looked at in great detail and then decide whether or not youd like to move forward with the purchase dont ever skip inspections thats like getting married right after the first date you want to get all the information you can get before you make such a monumental decision dont ever skip inspections got it the truth is most properties will have a number
