Credit score ratings Lubbock

Things weve learned and do with our eyes closed is not always clear to the beginning investor. Below are our top 10 things to do when investing in Real Estate.

One of the strategies we use to help free up our time is to have our tenants give us post dated cheques for the year and hand them into the Banks.

For a small fee they will automatically deposit these cheques into your account without you having to remember each and every month. When investing in Rent to Own properties credit score ratings Lubbock the maintenance is usually kept to a minimal since your tenants are responsible for minor repairs. Your tenants move in knowing theyre going to own the home in a few years and are willing to maintain your home. With that being said, its still important as an investor to visit your property from time to time since you still credit score ratings Lubbock own the home. Set the ground rules up early and be very clear credit score ratings Lubbock with your delivery. Its important that they know when rent needs to be paid and if its not, you will credit score ratings Lubbock officially notify them by proceeding with the eviction process. real free credit reports Its important to follow this process as things can spiral out of control very fast. At the end of the year for all of our Rent to Own properties we send year statements of all the credits they earned for paying on time. If you have tenants that have had late payments and they see what they lost out on, it helps to re-enforce the importance of paying on time. Make sure that you get the right plan and enough insurance to cover your home by talking to your Insurance agent to get the right package for you. A well designed insurance package can protect you from losses caused from fire, storms, vandalism, and personal injury and discrimination lawsuit. For each of our tenants, we give them anywhere credit score ratings Lubbock from $50 to $100 at Christmas. Now I know this may sound like a lot but, how much of your mortgage did they pay down this year for you? 3 credit report After you take this into consideration, youll see its not much at all.

Now if youre not big on Christmas give them a call on their birthday, it goes a long way. So many people get into the habit of not keeping their receipts.

Especially if youre investing in Real Estate, there are so many things you can write off. If youre investing into Real Estate, make sure you have a good accountant.

I could go on and on this topic alone, so Ill save it for another newsletter. Dont do this on your own, let your accountant focus on accounting while you focus on investing. No matter how good your cash-flow may be, keep an eye on our accounts. Make sure the appropriate bank fees are coming out, the taxes are right, your home insurance is correct and your cheques arent bouncing. For any of you that have been following me for awhile, you know Im big on this topic. Its important to do your homework and have a good understanding of what youre getting yourself into. You will make mistakes along the way, thats normal. Ive made my share of mistakes and Ill make more along the way but Ive grown so much from it.

He uses a very smart and proven Rent to Own technique that provides credit score ratings Lubbock a win win scenario for both the investor and the tenant. how to get free credit reports online His technique of buying beautiful homes in beautiful neighbourhoods has proven to be a great concept credit score ratings Lubbock and a strategy he share with credit score ratings Lubbock others investors.

Visit Gary and his team at http://shcinvestor.ca Tags: cashflow, homes, investing, properties, real estate, rent to own, rental Leading UK housebuilder Taylor credit score ratings Lubbock Wimpey currently has a wide choice of new homes for sale in Cornwall, with many properties available through purchase assistance schemes such as FirstBuy and Part Exchange.