Crazy Awesome Landlord Form: “The Way Things Work” for Real Estate Investors
Wednesday, August 18th, 2010 at
8:02 am
From FreeREIforms.com and http – this is a quick-n-dirty walk through of one of the best forms I have in my new lease packet. It’s actually an attachment to every lease I ever have a tenant sign, and serves to make SURE we have a meeting of the minds regarding some of the most important issues between us. Get the form for free at FreeREIforms.com Enjoy!
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Tagged with: Awesome • Crazy • estate • Form • Investors • landlord • real • Things • work
Filed under: property management
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i put all that stuff in the actual lease, it saves having several papers.
I don’t know about other states but it is illegal in California. It’s a good idea if it weren’t illegal. Just put there rent at the price you want it if they pay on time and add a late penalty the next day.
It’s a nice thing to give a discount, but
THE WAY THINGS WORK (in real life) is that the tennant and landlordsshould not try to fool and threat (unpleasant phone calls) potential tennants. Btw, this is not as slick as you think it is, everyone in your business knows that most ( unfortunatly) people sign anything anyone puts in front of them…Come on, they are already at the Starbucks (your office?)sitting down to 90 minutes of your blabbing, I would sign my right arm to be CUT OFF
:P
Great Info! Thank You
I do not think that is a dumb question. “If you do not mail it in time, bring it in person, we do not accept rent in person, there WILL BE A $X late fee for rent not received on time” Sounds like you are just trying to milk them. This is definitely a catch 22, but is the reason for this to have a reason to evict should things get ugly or does it just scare them into paying rent on time? I would love to have this addendum on the house I am renting now! My landlord always comes to collect early!!
This is a great technique! I think the very first time I ever came across this was in the Carlton Sheets course I listened too way back in like 1990. It’s a great tool!
Thanks for continuing to put out excellent REI resources and info jp!
Love the video intro too … nice touch.
~ Patrick Riddle
Great Idea! Love It!
I have been giving a early discount on my homes and it works great. I also include that they cannot call me for anything under $50 in repair cost during that month, That money is to be used for those minor repairs, gas for your mower, etc.
I have a dumb question it says rent can be dropped off in person then the next line says we do not accept payments in person.Can you explain that some or am I missing something with that.Great videos by the way!