Rent To Own checklist
4.9/5 with 67 votes
Table of Contents
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- 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
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Presented by:
Campbell Rodriguez
Stats
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38
Views: 38
Uses
3
Uses: 3
Tasks
45
Tasks: 45
Who it's for
This Rent To Own checklist is for anyone who wants a simple, practical way to get things done without missing steps.
- Avoid forgetting - keep all your Rent To Own essentials in one place (external memory)
- Save time - start from a proven Rent To Own structure instead of a blank page
- Stay on track - track progress, come back later, and keep momentum
- Coordinate with others - share the list and divide responsibilities
- Learn the process - follow the steps in a sensible order, even if it's your first time
How to use it
How to use this Rent To Own checklist
- Save Rent To Own checklist to your free Checklist account so your progress is saved and synced across devices.
- Customize it in the app: remove anything that does not apply, then add your own details for Rent To Own (dates, sizes, addresses, notes).
- If others are involved, invite them to collaborate and divide responsibilities.
- Work through the list: check items off as you go, and set reminders for time-sensitive steps.
Rate this Checklist
5 stars
Scores 4.90 with 67 votes