A few attorneys say you can charge them, others say you can't.3 day threat to evict is still the best way to get them to pay up.I am going to try a new strategy against tenants and become a sort of financial advisor-"You've got direcTv, a fancy iphone with a fancy cell phone plan, and other costly BS.

Call volume was much more than I anticipated and with a full time job, it's just not feasible to answer every call. 3 weeks in and I got slapped on the wrist at work for taking too many calls on my cell in the hallway.

That is, mortgage lender or broker that accepts apps and docs from mortgage loan originator/ employee that is out-of-office.

I have a deposit to hold form basically says its a non refundable dep once the app clearspm me for a copy emailed toyou without that,I'd say try to not return it...maybe if he pushes negotiate...local laws will apply next time.next time deposit to hold form.d

As Bill Gulley knows what he is talking about re: the CFPB and SAFE Act, when you are in the lease option arena of real estate investing, you need 2 things to do it well.One is a licensed mortgage originator "that is not you" to look at the 1003 app and give a professional opinion as to lend-abilty.Two is a Credit Improvement specialist to assist the tenant buyer in improving their FICO score.I like an easy going seller that understands patience with the success of the process to get the loan, and I also look at the coachabilty of the tenant buyer, willing to be coachable as to debt to earnings and paying down debt to get a mortgage.I beleive this is harder than wholesaling in some ways, as you are coaching-teaching sellers and former renters how lease options and mortgage orgination works.But if you are in a RE location where there are not alot of wholesaling opportunities, buying on terms and renting out or selling on lease option is viable alternative, as long as you follow the new rules.See http://www.realtor.org/topics/seller-financing/the-safe-act for SAFE Act Final Rule: Seller Financing and REOs

We agreed on a purchase price of app $17,000 that had a tax value of app $44,000!

It was just such a hassle to program every single app, nothing worked seamlessly & took too much time.

If I accidentally get someone with a listed property, I reach out to them again a week or two before their listing is set to expire.I use a Google Docs Spreadsheet for my Lead Tracker, and it's formatted in such a way that the status cell turns yellow the week before next contact, green the day the contact should happen and red if I miss it, not updating the "next contact" cell.Justin Pierce, one other easy no brainer, especially since you have an assistant.

It's a site and app that helps you get home design ideas.

If you have the tenant's cell number, text with them so you have a written trail also (this can come up in court and in my experience, judges are largely accepting of any written communication to paint the context of a situation.)