Rent To Own checklist

UselessPoorOkGoodExcellentExcellent.

Scores 4.85 with 67 votes

business, home
45 tasks
By Campbell Rodriguez on Jan 2, 2012

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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Scores 4.85 with 67 votes

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