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Lease Options and Subject To. Business Organization. Set Up the Right Business Entity. Keep track of properties/deals. Folder by property address - 4 parts folder Spreadsheet (see next slide for headings) Property management software – Trexglobal.com. Tenant Payment Ledger.
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Lease Options and Subject To Business Organization
Set Up the Right Business Entity • Keep track of properties/deals • Folder by property address - 4 parts folder • Spreadsheet (see next slide for headings) • Property management software – Trexglobal.com
Tenant Payment Ledger • Date • Description (Option Fee, March Rent, etc.) • Owed (Debit) • Paid (Credit) • Running Balance
Tenant Roll • Property Address • Owner’s Name (Investor’s Seller) • Contract End Date • Tenant/Buyer’s Name (Investor’s Buyer) • Lease End • Rent Amount • Category (Lease Option, Rental, etc.)