Tenant screening can take a considerable amount of time—and you don’t want to waste that time on every person who shows interest in your property. This is why prescreening is so important. Think of the tenant screening process as a funnel—like the kind you would use to pour oil into...
‘Single Calendar’ is recommended if you use the same hourly or daily booking unit for all of your rental products. That said, you will have to set the available times for the equipment so that users can’t book it outside of yourbusiness hours. To do this, go toWP Swings » Booki...
Step 10: Rent Your Property Now that your property has been rehabilitated, it’s time to find your tenant! If you plan to use an experienced property manager or property management company, they will help with finding the renter and maintaining contact with the tenant. However, if you will ...
The process for transferring property to your LLC is similar to selling your property to a another party. You’ll just need to completely transfer ownership to the corporation instead of an individual, like in the event of a sale. It’s a simple three step process that we detail below. St...
According to the Association of Progressive Rental Organizations, the rental industry's trade association, the rent-to-own business is more than forty years old, generates $4.4 billion in revenues for the industry, and serves nearly three million customers! It shows no signs of slowing down, in...
Regarding Roth Conversions, how much would be lost, say 5% on the computing interest if you paid the tax now to do the conversion? Should we create an LLC for a rental property or how should it be titled? Do we take an RMD from a Roth?
If you don’t have an address in California, or you want more privacy, you can hire a Registered Agent Service for your LLC. We recommend Northwest Registered Agent Our favorite feature about Northwest is they’ll let you use their office address throughout your LLC filing. This way, you ...
It might feel impossible to save for a house while renting. Rent is expensive! But don’t worry—it is possible, and you can do it. Here’s how.
The other risk with leverage is that you find yourself unable to make your payments. When you sign a mortgage note, you typically also sign a personal guarantee, even if you buy and borrow under anLLC. That means the lender can not only take your property, but if they don’t recover ...
The rental agreement contains all of the details about the property, clauses for default, your rights as a renter and the landlord’s rights. This is a legal document that will hold weight in the event of a dispute between the landlord and the renter. In addition to the rental agreement,...