Hi Landlords, I was just wondering if anyone uses Novo leases?

Will properties be rehabbed and if so to what level.If tenants are already in place what leases do they use.

Instead of even doing that make sure it is know on the phone when they call before they see the property.Make sure your lease says no sub-leasing allowed.

When doing lease option assignments or when assigning subject-to contracts, are those situations in which you'd have to worry about the "dealer" classification tax-wise?

For example, if you do not list the bank name and address where the security deposit is being held IN THE LEASE, then you are liable for THREE TIMES the security deposit.

If Bruce Norris is correct and the prices will go up 20%/year in next 2 years (I assumed that the property is in Riverside), then you may be lucky and make some good money.Maybe a lease option would be better, if the price goes up you exercise the option, if it goes down you lose the deposit?

The lender said they can lease the property or sell but not both.

I'm finding many sellers don't know, are unaware, or confused by what a rent to own, lease with the option to buy is.

Secondary market loans will treat it as a leased property.

The reason he gave is that he is overcommitted.Q1) What would the apartment be actually worth seeing that only 4 units of this apartment is currently leased.