This is a checlk list of the many itmes you'll address the day you take possession of a golf course. I wrote this back around 2000, but it has not changed much at all - except maybe the web site and all those email addresses that go with the property.
BELOW IS A BIG SHEET LISTING 65 SEPARATE ITEMS THAT MAY NEED READY CASH AT, OR SHORTLY AFTER YOU TAKE POSSESSION OF YOUR $5 MILLION DOLLAR GOLF COURSE. THE TOTAL BELOW IS $362,500.
The 65 items listed below came from a recent golf course closing and change-of-command. Your results may vary widely. All I'm trying to do is help you prepare yourself for golf course ownership. Running into 'cash-calls' you can't manage in the first 30-days after you take over your own golf course can ruin the whole experience. Remember when you bought your last house?
You planned the purchase of your home wisely by calculating diligence, closing costs, moving expenses, and all that stuff. But you likely didn't plan on all the trips you made to Home Depot for tools, and a bigger lawn mower. You didn't budget for trips to the supermarket for things like light bulbs, ketchup and toilet paper. There was the new draperies, new tile, new carpeting, shrubbery, etc., to make the home more like you. Then the credit card bills came in and you went into shock!
CASH NEEDS OVER THE FIRST COUPLE OF MONTHS ($5 MILLION DOLLAR GOLF COURSE WITH $3 MILLION MORTGAGE)