If for any reason, the Prospective Tenant(s) fail to complete all move-in requirements by the above listed date, the Landlord will return the property to public offering and the entire binder sum will be forfeited to the Landlord for expenses including, but not limited to, lost rent, holding costs, advertising costs, and marketing costs.

I am not afraid of non recourse loans because I know the deals I do are solid and I am not concerned about failing.

What a lot people failed to do is underwrite as LTR.

After well over 1000 houses it’s proved it’s worth.BUT if you think sugar coating will work sprinkle sugar all over the conversation. certainly nicey nice communication and unabashed laughter will get you elected but it won’t buy many houses. our product is money and we best not forget that. there’s a power exchange happening in every conversation and the one who blinks first fails unless winning isn’t important.  

I would say this pitch would be far more attractive value proposition because most PM’s fail in these respects while most can login to a owner/tenant portal in 2024 and feel like they are getting instant access to communication even if that may not actually be the case. 

For example, do you have water heaters that are going to fail and flood your place because they are 20 years old?

Assuming you fail the first test, you will have to perform the remediation work and then call for a re-inspection.One you have a passing inspection you can apply to MDE for your Lead Cert (many lead inspection companies will handle this for you).Good luck!

Many of them will actually let you buy the warranty after the item fails.

Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

From what I read to many investors talking lease to own folks into these contracts without fully qualify them and then when the lessor fails you boot them out and keep their down payment..