Notes

Don't Rent Your House - Lease Option It!
Don't rent your house- lease option it
The fastest way to own houses is to lease option, not rent. That way you recruit a higher quality of tenant, lots more people to select from, additional money up-front, more money monthly with out repair headaches. Sounds good, right? I usually get $100 a month extra on the house until $150,000; up-front option money is about 3% in the sales price. If your house needs work, I give you a work credit when they take action themselves. If the house is a disaster, then I offer my special, "No money down, you fix" deals (On those deals I get approximately 150 calls each day). If you can enter light, there isn't big money tangled up in fix up costs. Long ago, I learned not to connect my take advantage keepers.
Since you get so many calls on these ads, you need to minimize your time and effort expended from you. The ad is positioned within the houses to rent and houses for sale sections.
A typical ad reads a good house reads:
Rent to possess
Cute 3/1 fenced yard. Nice area. Low down
$850 mo+ $100 mo towards purchase
If the home is a disaster, I always clean it first. This is how the ad reads:
Rent to Own- $0 down-
U fix. 3/1 fenced yard. Nice area
$850 mo + $100 mo towards purchase.
Notice that this price and rent have not changed? Slick huh?
You should have an outside number with a different voice mail. On the voice mail you'll be able to provide the address and hype the exact property. Tell them to drive by first and have a flier and appear inside windows. At the exact property is another phone number, which is my cell. That way you simply speak to people who have seen the area, and seen the house, and know how the sale works. At the exact property you have a flier that outlines what's required. I have about 100 fliers and appearance every week to ascertain if it really is empty. Tape one to your window in the event someone takes the past one.
Make sure the exact property is nice and clean even when it work. Leave of the question coverings open. Check your voice mail regularly since it will fill fast. Mostly there will be hang-ups. The calls you receive back are those you'll want to speak to. Be sure to take time to screen the callers. Ask them about employment, which will live there, just how much they earn, the length of time currently address. Do they have the mandatory option money? Verify that they earn a minimum of three times the rent amount monthly. How is their credit? If things are ok, create a showing time.
Make sure you schedule several appointments simultaneously. Tell them to bring $100 in cash plus $25 application fee in case that like the home. When you have the showing, arrive 10 minutes late. Let them see all of those other people there also. Take applications in the qualified ones with their money. No money-no application. Don't inquire about marital status- it's illegal.
Every adult gets his/her own application. Date and number the applications. richmond property management companies have to consider the first qualified tenant, not the most qualified.
Check out everyone thoroughly. When you have made the decision finances for it to get the rest from the first month's money quickly. You would be surprised what number of people walk from $100. Don't go ahead and take ad out with the paper til you have ALL the money. Things can be wrong getting the club the last minute. Return all unacceptable deposits without the $25 credit check needed fee. If possible, go to the prospective tenant's house to obtain the rest with the money to determine the way they live. At the very least, have a look at their car. If there are mounds of McDonald's wrappers around the back seat, think hard. Look at their driver's license to view should they are really who they are saying they are. Take only cash until they move around in.
If you actually like them nevertheless they don't have all the money needed, permit them to possess a payment schedule- in writing- but think of it as rent-owed. The money they pay first is option money. The money they owe you is rent. That way when they move in and welch, you can evict them for non-payment of rent. It's tough to evict as a consequence of non-payment of option money.
I carried this out successfully even from out of state. Many times I never met people. What do I care what they resemble. If they qualify, they qualify.
Website: http://www.masonre.com.au/