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11 August 2015 | 6 replies
You can adjust the purchase price accordingly . . .).4) New Tenant Credit History - This may be obvious but; You need to verify credit history on the new Tenant; Make sure you have an adequate security deposit,; Attempt to get a personal guarantee if the Tenant is a corporation or partnership, and; Verify their previous "leasing history" with their current and previous commercial landlords. if your new Tenant is a startup, be cautious, make sure they have the financial capacity and experience to conduct their new enterprise and pay your rent and the NNN expenses.5) CAP Rate -Each market and individual property categories will have their own unique market Cap rates.
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9 August 2015 | 10 replies
If a rental applicant falls a little short of our qualification standard of 3x income or favorable credit, we sometimes offer an option for the tenant to pay a double security deposit or pay 2 or 3 month's rent in advance.I would love to hear if other landlords or property managers offer this option, and if so, do you think it is more beneficial for the landlord to accept a double deposit, or rent paid in advance?
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27 August 2015 | 12 replies
NEVER allow a tenant to move in without paying at the security deposit AND the first month's rent.
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9 August 2015 | 7 replies
I rented so I could buy real estate in other markets...but that's a story for another post) After I moved out I got a portion of my security deposit back but was told that, after reviewing my account, I didn't pay rent during some month "years ago" however they have not told me which month/year.
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10 August 2015 | 34 replies
Just joined up after being a long-time reader because I finally need to ask: when doing a 1031 exchange, is it realistic to identify and secure 4-5 properties in the 45-day identification period (and abiding by all the other 1031 rules)?
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4 September 2015 | 96 replies
If you have a secured 24/7 drop box somewhere that will eliminate the "lost in the mail" excuse.
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9 August 2015 | 3 replies
Non-recourse means that there is no recourse that lender has against you or your IRA, property is the only security for the loan.
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18 August 2015 | 4 replies
I'm off to a good start with these rentals--I ran background checks on my tenants, collected a full month's security deposit, setup online bill pay and have good tenants who are paying on time.
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9 August 2015 | 1 reply
In the agreement, the tenant agrees that the unpaid prorated rent may be used to cover the cost of damages, in addition to the security deposit.Quit And Vacate Early Termination Of Lease.
10 August 2015 | 2 replies
I need else's property for 30 days in return for $50 000.00 to secure a $15 million loan already approved.interested in oknvestinginvesting in wholesale proproperties in California?