Zack Childress Top Tips That a Landlord Should Take into Consideration

1. Zack Childress Top tips that a landlord should take into consideration

2. Landlord should take into consideration • Some important tips for landlord. • Some tips that will assist you in mitigating the disadvantages. • Common problems faced by landlord. • Month to month lease good consideration. • Pros and cons. • Month to month lease a distinct one • Benefits of tenants. • If you want to be rich, you should try real estate investing. • The basic types of commercial leases.

3. Some important tips for landlord • Rental real estate may seem lucrative theoretically. • The idea of purchasing a place in a viable location and the ongoing process is somewhat lucrative. • You should contemplate on prior to taking up rental real estate. • The money that is generated by the property, rise in the value of the specific property, tax benefits etc. • Being received by the landlord as monthly rent..

4. Some tips that will assist you in mitigating the disadvantages • A good cash flow but see to it that it is attainable. • Services of property management firms that take care of your rental properties. • Highly cognizant of the rules that are set by the Federal and State Laws • Seasoned person so that you can avoid unforeseen expenses. • Legality of your lease is another thing which is very important. • Tenants can also be asked to purchase renter’s insurance

5. Common problems faced by landlord • Payment issues/rent arrears • Issues around repairs and maintenance. • Tenants refusing access. • Damage to property. • Lack of understanding around what actions to take when receiving complaints. • General issues around legal obligations.

6. Month-to-month lease good consideration • Discussed to a great extent and each individual possesses a specific idea • A month to month lease is the best one as far as flexibility is concerned. • A month-to-month lease offers great flexibility to both the tenant and the landlord. • Advantages and disadvantages as compared to any other legal agreement. • Don’t pay the specific amount there are chances that you are supposed to pay a penalty.

7. Pros and cons of such leases before you endeavor into signing it • Top sales price,even if demand is low. • Higher than usual rent. • Positive cash flow. • Non-refundable option money. • Save thousands in fees. • Highest quality tenants,minimum risk • No maintenance,nolandlording headaches. • Tax shelter is held intact. • Largest market of buyers • No vacancies • Peace of mind

8. Month-to-month lease a distinct one as from the traditional annual lease • you get in a fixed term lease can be seen in this lease too • may be some slight changes in the lease. • this type of lease can be ideal for you. • 12 month lease you are legally bound for the annual payments for these 12 months. • difficulty with cash and are struggling to scout for a tenant who stays for an extended period. • property managers ask for more money in case of such leases.

9. Benefits of tenants • Faster equity growth • Rent money is working towards purchase • Option money is credited towards purchase • Minimum cash out of pocket • Frequently no down payment at close. • Profits from appreciation • Possible sale for a profit. • Increased buying power. • Credit problems okay.

10. If you want to be rich, you should try real estate investing • Real estate business, you already have the basic knowledge of how things work. • The real estate business, you already have the basic knowledge of how things work • The lowest possible rental rate today is $1,200; multiplied by ten will give you $12,000 gross rents every month • If you plan to hold properties over the long term, you should know how to properly manage them. • Commercial real estate consists of non-residential properties used for profit making and it includes malls, offices, Industrial parks and stores.

11. The basic types of commercial leases • Single net leases • Double net leases • Triple net leases • Gross leases

12. Single net leases • Pays the rent but also property taxes and the tenants shoulder the additional burden of tax responsibility. • Handle tax payments and verify if they pay correct amounts of taxes. • Types of leases are very advantageous in times of recession • Pre-laid conditions but they are not as popular as the double net lease or the triple net lease.

13. Double net leases • Leases include taxes, sewer and water tax expenses, property insurance costs and so on. • The single net leases require only taxes in addition to rent. • Double net leases require the tenant to pay property taxes and insurance premiums in addition to rent. • Leases is responsible for knowing how tax payments work.

14. Triple net leases • The expenses related to taxes, insurance and maintenance and this is paid in addition to rent • Extremely beneficial to the lesser and the landlord can increase • The rent is fixed annually and it also increases per year • when the lease expires, it is difficult to find another tenant • Limit to how much the rental from the property can increase every year.

15. Gross leases • Needs the tenant to pay only the rent and the landlord to pay property taxes, insurance and maintenance expenses • The lease can be altered to suit the needs for instance • Landlord requires the tenant to pay water taxes, then he can modify the terms of the lease.

16. Commercial leases always come with specific terms and before tenants rent out a property, they should understand the basic types of leases. This Zack Childress review will serve as a foundation for people to comprehend the basic types of leases. -http://ZackChildress.com/