Investment property brings liability.
Posted in Babies, Baby Care, Must Haves, Newborns, Supplies by Admin on February 5th, 2010
Investment property brings liability.
Get a Bill of Sale For All Property Involved - Many types of personal property (appliances, commercial real estate, furniture, fixtures, etc.) can be involved in an investment sale. Be very detailed -know who owns what!
Charge Fair Rents - Vacancies, turnovers and lease terminators are your biggest expense. Charge fair rents, home real estate treat your tenants with respect and respond as quickly as possible to their needs. It’s a lot less costly in the long run to take care of the little problems before they become big problems. Vacant property is your Achilles heel.
Select Qualified, Good Tenants From the Start - Take the time to check references. Previous landlords, employers, financial references, credit and judgments are all vitally important. If there are any questions do a thorough investigation. Drive by their previous residence. A little work up front can save tremendous problems later.
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