Dwelling/Fire is the most common policy for rentals.

i found plenty of vacant houses, tracked down the owners and on the phone talking to them, right when they say "well what is your offer" to me, I freeze!

I just prefer to write it then to pitch it by phone.

There were so many properties on the market, prices plunged, and there were not enough buyers at any price.This was a very local problem, which speaks to why reliance on state or national numbers can be very misleading.Example of a common cost pitfall; not determining and considering all the associated costs of owning and holding a property.

I've pasted it below.DEPOSIT TO RESERVE RENTAL UNITLandlord / Lessor: Southern Angel Properties, LLCApplicant Name: ________________________________________________Rental Unit Address: _____________________________________________Applicant Phone: _________________Email: ________________________________________The undersigned applicant has hereby given a NON-REFUNDABLE holding deposit in the amount of $________ to reserve the rental unit listed above until __________.The Applicant understands and agrees that this non-refundable holding deposit will later be applied towardFirst month’s rent of $___________ Security deposit of $_____________ Other: _________________________________$_________If the Applicant fails to pay the balance of first month’s rent and the security deposit in full, if any, by the date above, the Lessor will no longer be obligated to reserve this unit for the Applicant and will have no obligation to rent ANY unit to the Applicant, and the Applicant will forfeit $_________ / all of the holding deposit.In addition, if the Applicant is approved by the landlord, but changes his/her mind about renting,the Applicant will forfeit $_________ / all of the holding deposit.IMPORTANT: Any false or misleading information provided by the Applicant will result in forfeiture of the ENTIRE HOLDING DEPOSIT without question or exception.Applicantshall be entitled to a full refund of the holding deposit within ____ days if:·The landlord does not approve the Applicant ’s rental application, or·The unit becomes unavailable.

I have also started a direct mail campaign, which has gotten me on the phone with several sellers.

i would buy a property without central a/c if I could buy it low enough, add central a/c and still achieve the numbers I want. but depending on the part of Norfolk it's in, you may not even have to go through that trouble. in some areas it quite common and acceptable to have window a/c. as for letting tenants supply/install their own a/c, I wouldn't let them. i'm biased against letting tenants install fixtures after some experiences in my mom's rental. it's amazing how people can mess up the simplest task. if buying 10 window units doesn't break the bank and doesn't greatly affect your return then go for it. it's definitely favorable to have a/c in the bedroom from a tenant's view. hope everything works out!

A six-month term is common and with another 1% you can usually re-up for another 3-6 months after the first six.

I agree with the open house or you can communicate via email or phone with the responders to sort out the "lookers" vs "serious renters" , then schedule an Open House if the interest seem to be that high.

I'm not sure if Rick is totally up and running yet, but I worked with him on space planning a new facility they are moving into in the next month.He has a couple of partners and has had years of experience in collections.I've never used him before so I can't stamp my name on any endorsement, but he came to mind when I read this post.Let him know Taylor Jennings from Office Works referred you.Richard RainhoFidelis Asset Management, Inc.1427 West 86th Street, Suite 562Indianapolis, IN 46260Office Phone: 716-771-1294Direct Line: 317-682-0555Direct Fax: 317-759-2564Cell Phone: 317-378-0229Toll Free Phone: 888-471-0280 ext 1000Toll Free Fax: 877-504-3190Email: [email protected]: www.FidelisCollections.com