A lease compliance issue is just that—when the tenant doesn’t comply with the rules outlined in their lease. Here’s the mot common you’ll see.
Author Brandon Turner
The 70% Rule states that you should pay no more than 70% of a property’s ARV, minus any repairs. Still, this rule isn’t 100% accurate or reliable.
An MLO takes the lease option concept to a new level, and its use can have a tremendous impact on your creative real estate investing.
It’s a classic question: which came first, the chicken or the egg? In the wholesaling world, it’s “which comes first, the cash buyer or the deal?”
Why is organization in your landlording business so important? Let’s dive into three major reasons that may convince you to revamp your systems.
The more we can improve our business, the more efficient we become, the happier our tenants will be, and the more cash flow we can potentially produce.
To be blunt, most contractors are terrible for your landlording business. For this reason, you need to screen them just as carefully as you might a tenant.
Most people value their time. To save yours, do a little investigative work to see whether the home is a good fit before showing the property.
Cleaning up a rental for move-out isn’t fun. Responsible tenants will do it anyway. Other tenants may need motivation—which is where this list comes in.
Deciding to work with tenants on late rent is an art form, and there’s a strategy for doing so that won’t leave you in the lurch if something goes wrong.