Notice of Intent to Enter Dwelling Unit for Inspection Partial Rent Refusal Notice Notification of New Management Lease Break Agreement/Mutual Release One-Time Rent Abatement/Mutual Release Waiver of Late Fees Rental Increase Reminder Winterization Checklist Notice of Strict Compliance w/ Lease Agreement 10.Security Deposit Accounting Letter 11.Rental Access Addendum for Showing Property 12.Notice of Default re: Utility Service 13.Repair Work Order Template 14.Incident Report Template 15.

I don't get the opportunity to explain that 1) I'm not rich, just wise with my money and I need to buy houses at a wholesale price 2) Their house is not in retail shape so it makes it a perfect target for my company to come in and add life to its survivability in the economy 3) they learn a little about the importance of performing maintenance 4) I explain that although their property is x,y,z (nice, in a great neighborhood, built by their father....) it will take money to get it to x, y, z (code compliance, make income meet next years's tax bill, renovate a unit to attract better tenants etc...)

You could go with a fixed firm price, but ultimately you might pay a bit more than it otherwise would have cost to have those assurances, as they'll pad their bid to cover unknowns.Unless you're willing to pay a bonus if they come in under time (and of sufficient quality) I'd be hesitant to try and push a penalty. 

This is in compliance where I landlord in VA. 

In that time rents in the area have increased significantly, so in June we gave him a 60-day notice that rent will be increasing and we will be asking them to re-sign a 1-year lease (our feeling being that switching to annual leases will allow us to better automate annual rent adjustments and provide us some assurance that we won't be looking for tenants in the winter months). 

This is ideal for real estate investors on tight budgets.The Disadvantages of Investing in Tenant-Occupied Properties1- There Are Some Legal Risks That Come with This InvestmentOne of the risks of buying a house with the tenants is the possibility that the property is not in compliance with certain laws.

Also provides some assurance the the web records are current.

I help real estate investors nationwide do it in SEC compliance, and I'd be happy to share information with you.Ralph Sherman, Esq.

Additionally, since you need a contractor's W9 or SSN to issue him/her a 1099, you can have some assurance that the contractor is ethical and operating a real business.

So we were going to fire him, but he assured us he'd have it done by Tuesday (this was a Friday).