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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

But, if you don’t mind the work, which includes rolling up your sleeves for simple repairs, chasing tenants for late rents, and paying an additional 25% insurance premium than you would on your primary residence, then buying your first rental home as a recurrent source of income might be a smart idea. Form a Business Structure.

Investing 332
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America.

Appraisal 309
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.” Conduct due diligence on the tenant you’re subleasing from as well as their landlord.

Landlords 144
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How The Single Net Lease Works

Property Metrics

The term “single net lease” is sometimes used in commercial real estate to describe a lease where the tenant is responsible for paying one particular expense. In this article we’ll discuss the single net lease and point out several pitfalls you should consider. What is a Single Net Lease? The Spectrum of Real Estate Leases.

Tenants 36
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Why 2021 is a Good Time to Start an Appraisal Business and How to Do It

Real Quantum

For instance, Illinois has the tenth highest insured unemployment rate in the country at 7.6%. This is the percentage of people currently receiving unemployment insurance. Not only is the form for articles of organization just three pages long, submitting it online is very easy, and often approved within 24 hours.

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How to Become a Property Manager in California

CA Realty Training

Collecting rent from tenants. They’re responsible for screening any tenant that sends an application. Whether it’d be through background checks or checking the credit scores of the tenants. The first inspection happens when the tenant moves in, and the second happens when they move out. Market and sell the property.

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Renters Beware: These Hidden Costs May Be in Your Lease

Zillow

This jump in the number of renters has put pressure on both tenants and landlords. Tenants are scrambling to find the right place, while landlords are trying to find the right price. Utilities are not exactly a hidden cost, but they’re often overlooked by tenants eager to move into a new apartment or renew their current lease.