A Must Use Form for Every Landlord: Release to the Rights of Possession The “Release to the Rights of Possession” form is one of the most important forms that a landlord can use. It is a must use for every landlord. It helps protect you from future claims from former tenants. Let me explain.When you sign a lease with a tenant, you legally give them what is termed “possession” of that rental unit. The tenant then occupies and possesses the rental unit for the term of the … [Read more...]
Report on the Foreclosure Storm
April 18, 2012 By Leave a Comment
Report on the Foreclosure Storm On March 12, the multi-state Attorneys General agreement was filed, ending the Robogate scandal and opening the way for expedited foreclosure processing. Foreclosure activity hit a five-year low in the first quarter according to RealtyTrac and Lender Processing Services reports first-time foreclosures remained stable in February as repeat foreclosures saw an 8 percent month-over-month decrease. Even delinquencies were down 12.2 percent from last March, … [Read more...]
Bird Dog Agreement And Getting Paid
December 15, 2011 By Leave a Comment
Bird Dog Agreement And Getting PaidReal estate bird dogs are the hard-working individuals that scout out properties for real estate investors. It’s a great strategy that doesn’t require any cash, credit, experience or risk and can be quite lucrative. But one of the biggest issues that real estate bird dogs face is getting paid!Here’s a free Bird Dog Consulting Agreement that you can download and use to make sure that your investor doesn’t weasel out of paying you the money you … [Read more...]
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Handshakes Vs. Contracts: Which Do You Think Is Better?
Handshakes Vs. Contracts: Which Do You Think Is Better?Yes, I know . . . on the face of it this seems like an incredibly dumb question. But is it?In the past two weeks I have found myself in the challenging position of advising clients on the basics of the difference between executed contracts vs. doing business with just a handshake. And, to make matters even worse, I was a partner in one of the deals that involved just a handshake.As someone with lots of experience and who considers … [Read more...]