It is great practice that you fully disclose and are keen on building the relationship with your team. This will go a long way in building a successful portfolio. Keep it up!
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I agree with Thomas. They are tenants until they exercise their option to purchase. I'd start the eviction process.
Sent from my STV100-2 using myREINspace mobile app
Thank you all for your replies. I have been going with the monthly automatic withdrawals, and am being charged 8% for the service. As I am up for renewal, I wanted to see what other successful investors were doing :)
Hello,
When you get property insurance, do you typically pay the year's insurance in lump sum? or do you finance, and pay on a monthly basis?
Thanks for your insights.
Best Regards,
Nabil
Hello,
If you have a potential tenant who has good credit and employment history, what maximum rent can they afford as a percentage of their gross monthly income? is there a rule of thumb that you use.
I thank you in advance for your input.
Nabil