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Rent To Own checklist

Rent To Own checklist

business

home

Campbell Rodriguez

created on Jan 2, 2012

UselessPoorOkGoodExcellent

Excellent

4.85 with 67 votes

Getting Started

Time

Money

Organization

Take Care Of Business

The Will To Succeed

Fill Out Getting Started Action Plan Chart & Create your Plan

Real Estate Lawyers

Home Inspectors

Insurance Broker or Agent

Accountant Or Bookkeeper

Build Your Network by meeting

Realtors

Mortgage Brokers

Credit Repair Specialists

Find The Tenant

Advertise For Tenants

Receive Completed Applications

Narrow Down The Applicants

Qualify The Applicants

Do your Due Diligence

Run The Numbers Through The Financial Analysis Spreadsheet

Approve The Tenat

Advise Tenant of lease Rate, option credit & Final Purchase Price

Collect Intent To Occupy & Initial Deposit

Find The Property

Set Up The Tenant With a Realtor

Arrange Home Inspection

Submit The Offer To Purchase

Obtain Financing

Draft Lease Agreement

Draft Occupancy Agreement

Draft Utilities Agreement

Draft Options To Purchase

Draft The Home Repair Contract

Arrange Financing

Contact Mortgage Broker

The Rental Term

Follow Up With Tenants every three months, To Discuss Credit Bureaus

Make your presence known

Ensure Tenants are performing necessary Repairs

The Deal Closes

Contact Tenants a few months before the rental term ends

Have tenant put exercise of option fee in Trust with lawyer

Draw up offer to purchase

UselessPoorOkGoodExcellent

Excellent

4.85 with 67 votes

Stats:

Tasks: 45 tasks

Views today: 2

Tags:

business

home

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