Signing a Lease with a Tenant
1) Rental Application
2) Credit Check
3) Signing the Lease
4) Security Deposit
Rental Application
When you have someone interested in renting your property, have them fill out a rental application. A rental application will provide the information you need to pull a credit report, verify past rental history, verify current employment, check references and anything else that might be helpful for you to make a decision on renting to this person.
Here is a sample rental application:
http://www.citicredit.net/applications/Free_Rental_Application1.pdf
Credit Check
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It has been a while since I have received a fake PayPal email. Here is the one I received today:
Dear PayPal Member,
As part of our security measures, we regularly screen activity in the PayPal system. During a recent screening, we noticed an issue regarding your account.
For your protection, we have limited access to your account until additional security measures can be completed. We apologize for any inconvenience this may cause.
This might be due to either of the following reasons:
1. A recent change in your personal information (i.e. change of
address,e-mail address).
2. An inability to accurately verify your selected option of payment due to an internal error within our processors.
Please update and verify your information by checking the link below: (if you can’t open it just copy the link in your internet browser) (more…)
Step 1: Renting vs Selling - Analyze Your Situation
So you’re at the point where you are not sure what to do with your house. You are in a scenario where you either cannot afford the monthly mortgage payment or where you have to move, but your house is now worth less than your mortgage balance. What do you do? Let’s take a look to see if renting out your property would be a smart move. (more…)
Introduction - Economic Overview
This article is aimed at anyone who has bought a house in the past few years.
If you thought the 2007 real estate market was bad, what do you think of 2008? Forget about just the real estate market, what about the whole 2008 economy! Even Alan Greenspan admits that there were errors1 on the Fed’s part in regards to the current housing downturn and credit crisis. If we had just paid a little bit more attention to what Warren Buffet and Charlie Munger2 said in 2005, “he and Munger issued stern new warnings about the residential real estate ‘bubble’” and “the destabilizing effect of hedge funds on the financial markets.” (more…)
Well, I guess that is one way to “seperate” the assets. (more…)
According to an article from Realtor.org,
for-rent housing units reached 2.063 million in the second quarter, as owners who were unable to sell put places up for rent.
More home owners are facing the harsh reality that their house is not worth what it was 1, 2 or even 3 years ago. Becoming a landlord and renting out the property becomes a very attractive option when a person is faced with the possibility of losing tens of thousands of dollars on a sale right now.
Furthermore, if you need help finding a tenant for a rental vacancy, please post a FREE for rent ad.
Source: Apartment Vacancies Reach Record Levels
This is a very useful site that allows parents to link their child’s 529 plan to friends and family. Freshmanfund.com allows parents to make a public profile in which they can email friends and family to make gifts to your child’s 529. Great for birthday and holiday gifts!
www.freshmanfund.com
