Post-ClosingPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
Mark this task as done when you determine who you'll use.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
HUD guidelines regarding Service Animals
https://www.hud.gov/program_offices/fair_housing_equal_opp/assistance_animals
Article published by a Colorado based law firm on this
https://frascona.com/landlords-guide-to-handling-tenants-request-for-assistance-animals/
Consult your attorney when making any decisions or policies regarding the accommodation of persons with service animals as the laws may have been modified or changed.
PaperworkPrepare to be a LandlordRental ApplicationTenant ScreeningUltimate Nomad ChecklistWeek 48
https://www.hud.gov/fairhousing
Be sure to check for any updates or modifications to this act.
Advertise Property for RentMarketingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
Most CPAs will recommend you have between 6 months and 12 months of your mortgage payment, taxes, insurance and maintenance reserves for your property.
If you do not have this amount saved for your property, make it a goal to work on building up your account to have that for each rental property you have.
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
Mark this task as done when complete.
Dream TeamDream Team - Post-ClosingPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 43
Plan ahead by considering all possible what-if scenarios you can think of and what you'd do in each situation before it happens. Write this out.
Mark this task complete when you have your process written out.
Prepare to be a LandlordTenant ScreeningTenantsUltimate Nomad ChecklistWeek 43
Plan ahead by considering all possible what-if scenarios you can think of and what you'd do in each situation before it happens. Write this out.
Mark this task complete when you have your process written out.
Prepare to be a LandlordTenant ScreeningTenant-BuyersUltimate Nomad ChecklistWeek 43
Use the Nomad "Rental Application" as a starting point:
https://RealEstateFinancialPlanner.com/rental-application/
Mark this task complete when you have your own "Rental Application".
PaperworkPrepare to be a LandlordRental ApplicationTenant ScreeningUltimate Nomad ChecklistWeek 48
Use the Nomad "Rental Application Evaluation Worksheet" as a starting point:
https://RealEstateFinancialPlanner.com/rental-application-evaluation-worksheet/
Mark this task complete when you have your own "Rental Application Evaluation Worksheet".
PaperworkPrepare to be a LandlordRental Application Evaluation WorksheetTenant ScreeningUltimate Nomad ChecklistWeek 48
Use the Nomad "Rental Application Evaluation Criteria" as a starting point:
https://RealEstateFinancialPlanner.com/rental-application-evaluation-criteria/
Mark this task complete when you have your own "Rental Application Evaluation Criteria".
PaperworkPrepare to be a LandlordRental Application Evaluation CriteriaTenant ScreeningUltimate Nomad ChecklistWeek 48
Ask your Contract and Paperwork Attorney or your Real Estate Broker.
Mark this task complete once you have a "Reservation Deposit Agreement" form.
PaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 47
ClassesPrepare to be a LandlordTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 41
https://RealEstateFinancialPlanner.com/mock-tenant-screening/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 42
This is the written standards and approval process for whether a Tenant or Tenant-Buyer qualifies to rent your property.
Remember that you are about to loan someone an asset that is probably worth hundreds of thousands of dollars (the value of your property), so you should screen Tenants and Tenant-Buyers thinking that you're loaning them something that is worth hundreds of thousands of dollars to you. Personally, I'd even tell them that to set the right tone.
Mark this task complete when you have written "Tenant Evaluation Criteria".
PaperworkPrepare to be a LandlordTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 46
Mark this task complete once you've read through the "Tenant Evaluation Criteria" and documented your questions.
PaperworkPrepare to be a LandlordTenant ScreeningTenantsUltimate Nomad ChecklistWeek 46
You can usually get this either from your Real Estate Broker or your Contract and Paperwork Attorney.
Mark this task complete when you have a "Move-In Inspection Report" and "Move-Out Inspection Report".
PaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 45
https://realestatefinancialplanner.com/the-5k-lease-demystified-nomad-2017-edition/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 44
https://RealEstateFinancialPlanner.com/lease/
Mark this task complete once you have a copy of the "Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
https://RealEstateFinancialPlanner.com/lease/
Mark this complete once you've read through the "Annotated Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
Mark this task complete once you've read through the "Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
Mark this task complete once you've practiced filling in a complete "Lease" and asking your Contract and Paperwork Attorney any questions if they come up while doing it.
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 55
https://RealEstateFinancialPlanner.com/the-lease-option-the-lease-part-ii/
ClassesLease-OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant-BuyersTenantsUltimate Nomad ChecklistWeek 46
Mark this task complete once your Contract and Paperwork Attorney has prepared your "Lease-Option" documents.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant-BuyersUltimate Nomad ChecklistWeek 57
Mark this task complete once you've read through your "Lease-Option" paperwork. You'll be scheduling time to meet with your Contract and Paperwork Attorney to have your questions answered in another task.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant-BuyersUltimate Nomad ChecklistWeek 57
Mark this task as complete once you understand and feel comfortable with your "Lease-Option" documents.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 58
Mark this task complete when you've got a written script of questions.
Prepare to be a LandlordScriptsTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 54
"Professionals practice off the field." The time to learn your script is not when you have a fully qualified, Tenant-Buyer with a large down payment on the phone.
Mark this task complete once you've run through your script enough times so that you feel comfortable with it.
Prepare to be a LandlordScriptsTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 55
Mark this task as complete when you have written evaluation criteria to be in compliance with Fair Housing Laws.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 54
This is often done by researching what Fair Market Rent is.
Some Real Estate Brokers may subscribe to a service that allows them to pull rental comparables to help to determine rent.
Mark this task complete when you have determined your Rent.
Analyzing DealsASAPLeaseLease-OptionNet Operating IncomePrepare to be a LandlordRentUltimate Nomad ChecklistWeek 55
Mark this task complete when you have your minimum Option Fee for your Lease-Option or if you're not doing a Lease-Option at all.
Analyzing DealsASAPLease-OptionPrepare to be a LandlordUltimate Nomad ChecklistWeek 55
Mark this task complete when you have prices for year 1 and year 2 for your Lease-Option or if you're not doing a Lease-Option at all.
Analyzing DealsASAPLease-OptionPrepare to be a LandlordUltimate Nomad ChecklistWeek 55
https://RealEstateFinancialPlanner.com/marketing-for-tenants/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 40Week 55
https://RealEstateFinancialPlanner.com/property-management-mastery/
ClassesPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 45
https://RealEstateFinancialPlanner.com/solving-tenant-challenges/
ClassesPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 47
https://RealEstateFinancialPlanner.com/property-management-mastery/
Prepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant Move-InTenantsUltimate Nomad ChecklistWeek 45
- Build Trust and Rapport
- Communicate Regularly
- Respond Quickly
- Handle Reasonable Requests
- Be Firm but Fair
- Set Expectations and Hold to Them
- Document Everything
- Remain Calm
- If you can't be calm - Hire a Property Manager