Rent To Own checklist
Table of Contents
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
Download or Print this Rent To Own checklist
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Presented by:
Campbell Rodriguez
Stats
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22
Views: 22
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.