[Ricky Roland]

Ricky Roland

Thanks;
Ill be back another day !!

[Ricky Roland]

Ricky Roland

That sounds good Don ,I had similar thoughts ,
why the 2 different entities on the Lease and Option , is it so they want look like they relate to each other, and should the Option or the Lease refer to each other…
I had mentioned $500 guaranteed monthly to him and he frowned upon that until I mentioned it would be guaranteed rent each month and he would not have to do any maint. or repairs,
I could see his thinker going off.. and possibly considering that , altho at that rent payment I wasn’t asking for any rent credits ,If I had to pay closer to market rent then I would want rent credits .

Is there any specific Lease / Option forms on this site I would use.

Ricky

[Ricky Roland]

Ricky Roland

Thanks for your input Don,
taxes = $1100 year , insurance $600 year . no other heirs involved. should rent for $800
minimum of work needed, has new a/c refrig. may need new stove has older one.. past tenant pulled up carpet and has hard wood which is in good condition, may need carpet in one of the bedrooms where the hard wood isn’t in good condition.. and maybe some paint on BR walls id put repairs cost at $3000 all cosmetic..

Thanks
Ricky

[Ricky Roland]

Ricky Roland

Welcome aboard Pete,
lots of valuable info here ….

Ricky

[Ricky Roland]

Ricky Roland

Good Info ,
thanks for sharing the link