spend most of their time someplace else. Renting the property when you’re not going to be there anyway could generate income that pays for renovations, property taxes or anything else you might need. As long as you rent for fewer than 15 days during the year, that rental income is tax ...
How to get your rent proratedIf you’re planning to move in or out of your rental after the first day or before the last day of the month, your landlord may offer to prorate your rent. There could also be a section on prorated rent in the lease agreement. Or if you’...
Also, general things like how you will pay rent and collect from your roommates, as well as things like security deposits should be considered. Once you’ve determined who will do what, you’ll want to make your agreement official. You might be wondering, do all roommates have to sign a...
There are a few pieces of paperwork needed to form your LLC. First up, you will want to prepare an internal document known as an operating agreement. This will not be filed with the state but will guide you moving forward. In essence, an operating agreement is a blueprint for your busin...
Do you have any idea how quick and easy most Lease 2 Purchase deals actually are? For example, you all have heard of rent-to-own furniture stores. These companies serve over three million customers each year and generate over $4.4 billion in revenues. ...
Landlords.Some landlords might want to get an idea of how likely you are to pay your rent on time. If your credit report shows a lot of late payments, a landlord might require a bigger security deposit or deny your application. Employers.Although employers can’t access your credit score,...
In certain cases, couples may opt for a prenuptial agreement, colloquially known as a prenup. This legal contract can protect assets that you bring to the marriage should you ever divorce. Rent is the biggest expense; how to split it up ...
Rushing decisions can lock you in an agreement that could affect your business in a negative way and ultimately lead to failure. When it comes to manufacturing and supply, the wrong decision will crush your vision. The people you associate with and work with will determine your success. Mat...
Rent-to-own homes are homes that include a clause in the rental agreement that either gives you the option to buy or an obligation to buy after a certain period of time. You make rent payments each month and a portion of those payments can count toward your down payment. Should you deci...
Once the wholesaler locates that investor, the wholesaler assigns their contractual rights to them. This involves a different contract—an Assignment of Real Estate Purchase and Sale Agreement. This second document states that the investor/buyer assumes the wholesaler’s responsibilities, including buying...