... the other hand, if he has had two or three DUI's you don't want him living in your property. If you can't check the specifics, then follow this rule: NO criminal background, of any kind. Now that you know the most important question to ask when making a decision about a prospective tenant, the next time you screen, run a criminal background check. Specifically, tell them in the beginning that you will be running the check, get permission on the application to run it, and when making your decision, be careful about what kind of criminal background that you ... first is that there can be no criminal background. Tell them you will be running a criminal background check. Give them any other criteria and then ask them if they'd still like to set up a showing, or if they need to think about it. Nine times out of ten, if there is a criminal background, they'll say they'll think about it and not call you back. So you have avoided a poor tenant before you've spent any time or energy on them. Then there's the application itself. In order to run a criminal background check on ...
Tags: criminal background check | tenant screening | get good tenant | rental application | what to ask tenant |

... has put on his application. Go with your "gut" feeling and if you have any concerns, don't hesitate to ask questions. Look closely at his picture ID so that you are confident you are dealing with the right person. Ask him for references from previous landlords and take the time to find out about his previous rental history. Call for validation that he, in fact, lived there and that he was a reliable renter in the past. Never skip the tenant screening process! And, no matter who you select to rent your home, be sure to get a security deposit just in ... his previous rental history. Call for validation that he, in fact, lived there and that he was a reliable renter in the past. Never skip the tenant screening process! And, no matter who you select to rent your home, be sure to get a security deposit just in case something goes wrong down the road. This will at least cover some of the expenses if you have problems at a later date. If necessary, ask the renter to get someone to cosign the lease with him. Just remember that you will need to do a background check on the cosigner as well ...
Tags: tenant screening Seattle | tenant screening services Seattle | Landlord protection Seattle |

... a great way to earn some money away from home. It provides you with a fixed monthly income without much work or hassle after the initial process. However, subletting your home also entails a lot of responsibilities and cautious nitpicking in choosing your new tenant in the beginning steps. Before putting pushing with the subletting, remember to ask for the landlord's consent to ensure that you are not breaking any agreement in your leasing contract. This step is to avoid any potential arguments or legal actions in the future with your landlord. Prior to putting up the rent sign for the ... already know beforehand. If such a set-up is not possible, ensure that you do a careful background check on all possible tenants to ensure safety and a smooth process. Ask for character references that you can contact or previous landlords before giving out the keys to your unit. Remember to determine how much monthly rent should be charged and the amount of security deposit to be required for the new tenant. Establish policies about pets, smoking, utilities and other provisions prior to moving in and out everything on paper as this step will allow a total understanding of any agreements prior ...
Tags: spare room | tenant moving | tenant settle | earn money | great solution | temporarily move |

... you want to lease or sublease your property, make sure you ask for a security deposit from your tenant. A deposit will help cover for the cost of repairs in case of damage to the property caused by your tenant. The future is never certain. No matter how much you know your tenant, there is always a possibility that he might cause damage to your apartment whether intentionally or unintentionally. As a landlord, you have to take this into consideration. Even if you trust your tenant, it is still a good business practice to ask for a security deposit. In layman's terms, a security deposit ... , security is an important component of a lease or sublease contract. Without a deposit, you may be forced to pursue legal action against the tenant to recover the damage. As a landlord, there are also some things you should do before and after you ask for a security deposit. Before your tenant moves in, inventory your apartment and take pictures of the interior and exterior. Your memory may not always be accurate so after your tenant moves out, again take pictures of your apartment. Also, check with your state laws regarding rules on requiring a security deposit. You might have to return to the ...
Tags: security deposit | security deposit plus | tenant moves | property caused | deposit plus interest | help cover |

... property manager can and should add value to the leasing outcome. When you look at leases in a commercial property, get all the basic detail but also ask about how the tenant mix works but also see how the 'permitted use' supports it. Check out these elements of the lease initially to get an overview of what the lease is doing for the landlord: Rent type - gross or net Rent level Incentive Lease term Lease options Landlord obligations Tenant obligations Outgoings recovery and method Permitted use Make good provisions Permitted use is a control tool that the landlord should exercise carefully on the ... 'permitted use' noted somewhere in the lease document. That terminology is referring to the way in which the premises can be used by the tenant. The selection of 'permitted use' is critical to the tenancy operation and lease term. This is where the real estate agent or property manager can and should add value to the leasing outcome. When you look at leases in a commercial property, get all the basic detail but also ask about how the tenant mix works but also see how the 'permitted use' supports it. Check out these elements of the lease initially to get an overview of ...
Tags: estate permitted | real estate permitted | commercial real | lease term lease | property performance |

... year to cover the increase in operating expenses. If a provision had been negotiated into the lease that capped the increase of the operating expenses for the tenant at 5% per year instead of reimbursing the landlord $0.10/RSF for the year they would only have to reimburse $0.025/RSF (0.05* $0.50= $0.025) for the year. Another issue that may arise in a vacant building is explained below: One may ask well what if the building is 80 percent vacant and only has two small tenants in the building; are the two tenants then responsible for covering ... that accounts for increased expenses at commercial buildings. So if leases are no longer pure gross leases what are the options today. The choices to use today are a net lease, a gross lease or a variant of the two. If a tenant has a net lease they pay the landlord rent net of all the expenses, meaning that the tenant is responsible for paying a portion of all of the operating expenses for the building including maintenance, insurance, and tax expenses. For a gross lease the landlord is responsible for paying the operating expenses. Often time the first year of a ...
Tags: commercial leases | gross lease | net lease | san diego commercial real estate | san diego warehouse space | s |

... are only "red flags" and their answers may be true but there is a need to investigate further. 1. The prospective tenant offers more than the advertised rent and security deposit. (This is a scam that has been going on for awhile. A prospective tenant will send an email offering to pay with a cashier's check and actually write an amount larger than the cost and ask for a refund from the landlord. The landlord cashes the check, writes the prospective tenant the refund amount and then the check later goes bad.) 2. They are willing to pay all cash and need to ... advertised rent and security deposit. (This is a scam that has been going on for awhile. A prospective tenant will send an email offering to pay with a cashier's check and actually write an amount larger than the cost and ask for a refund from the landlord. The landlord cashes the check, writes the prospective tenant the refund amount and then the check later goes bad.) 2. They are willing to pay all cash and need to move in right away. 3. They ask if they can do all the property maintenance because they'll be doing the property owner a big favor ...
Tags: san diego property managagement | san diego property managers | property management |

... long time and may result in you battling to get what is fairly owed to you. The scheme is very much in favour of the tenant and should a tenant go missing with owed money, a landlord has a hard time convincing the custodial scheme that you no longer have any contact with the tenant. The reason for this is that the government scheme needs the tenant to confirm release of the held monies to the landlord. So you ask...............can I get around this........the answer is YES! You MUST under all cases have the deposit registered in the government scheme but you don ... no longer have any contact with the tenant. The reason for this is that the government scheme needs the tenant to confirm release of the held monies to the landlord. So you ask...............can I get around this........the answer is YES! You MUST under all cases have the deposit registered in the government scheme but you don't necessarily have to send the money for custodial holding. A company called mydeposits allows you to hold the money yourself but will INSURE IT under the government scheme. This means that they will provide you and your tenant with a certificate. Should there be a ...
Tags: deposit protection scheme | insured deposit | rental deposit | tenancy deposit scheme | custodial deposi |

... stop paying in the long run. Standards of living these days is not as cheap as they were, everything seems to be soaring high. Thus, if you're not confident about a tenant and the income statistics he's telling you, you can ask his employer's phone number and you can call him instead for confirmation. In addition, you can ask for previous rent payment stubs. Even if your tenant is expecting something positively major to happen to him financially, what matters is how he dealt with his finances before, because it's what actually happened, and that his expectation isn't happening ... 's phone number and you can call him instead for confirmation. In addition, you can ask for previous rent payment stubs. Even if your tenant is expecting something positively major to happen to him financially, what matters is how he dealt with his finances before, because it's what actually happened, and that his expectation isn't happening yet, and it could be that it won't happen ever. You have to ask him the three latest stubs he has. If he can't provide any, you can ask him for a 3-month advance instead. It's good to put our trust in ...
Tags: Property management | Brandon property management | property manager | rental | real estate management |

... property type; however this basic list will help you with creating your checklist if you have not already got one established. Owner detail and contact information Tenant detail and contact information Contractor detail and contact information Tenant alterations and fitout detail List of tenants in tenancy schedule format Tenant mix strategy and structure Property business plan Details of all leases and other occupancies Full breakdown of all income paid Full breakdown of all expenditure paid ... ask at that early stage are critical to the ongoing management process. In many cases you will not be given all of the facts or detail about the property. Asking the right questions in the property ...
Tags: property management handover | management handover | management handover tactics | commercial property |

... they seem to be... or don't seem to be. The condition of their place of business is a good indication of how organized and "together" they are. Remember, they will be representing you and managing your property. Ask yourself this question: Could this person find the file on my property is a reasonable length of time if they had to? Next, ask questions to see if the two of you communicate well and on the same level and if you have the same values of money. In our multi-cultural communities actually understanding the other person's language, nuances and accents ...
Tags: Rental Property | Investment Property | Property Manager | Tenant | Landlord | Tenant Landlord |

... the rental potential is for a property given that the property is essentially an investment. Cash flow comes from the rental. Get the rental right and you have a good property investment. It all bodes for a good property sale in the future. So what questions do you need to ask to get a real understanding of the levels of market rental? Here is a checklist to help you. Location of the premises should be totally understood. That is the location in the property and the location of the property. Are there any changes in the local area that could impact ... many ways to lease a property together with an equally complex group of rental alternatives. The details below will help you with the questions that you should ask. At the core of this all is what we call market rental evidence and trends. The key questions to ask here are: What is the level of market rental for the subject premises? How do the subject premises compare in the market to other properties? You have to ask and answer these questions if you are to establish a rental that is relative to the market. We have Property Valuer's that are very interested ...
Tags: market rental | commercial property leasing | retail property | subject premises | best market rental |

... that health care IT runs in a secure, SAS 70 audited data center. IT can assure HIPAA compliance by running its servers and data storage in HIPPA compliant data centers that address the physical, data and network security. The best way to assure this security is in place is to ask to review the data center's SAS 70 or SSAE 16 audit report. The audit report should specifically cover the processes for the data center's physical security, network security and control of access to the data on the server. SAS 70 auditing is invaluable in creating trust between the ...
Tags: data centers | hipaa violations | compliant data | human services | compliant data centers |

... sponsors to have at least a 20% cash stake in any deal they fund and will never agree to be the sole financial contributor. They will sometimes allow a reasonable second mortgage but won't allow borrowing to account for more than 80% of a deal's capitalization. Don't ask a hedge fund for a loan when you are really looking for a well heeled partner. Experience Hedge fund managers and executives at private lending firms are real estate finance professionals and will only work with other professionals. They are in business to make money not to give anyone a ...
Tags: commercial mortgage loan | hedge fund | private commercial mortgage | private lender | hedge funds | |

... to these people or drop in at their offices to find out what they need and want in the way of property. Walk the streets that contain the good properties and the good businesses. Leave your business card and pick up the business card of all the managers or proprietors. Ask the people you meet in the local businesses about the local properties around them and any changes that they know about. This is a great source of market intelligence. They know the market around them better than you do. Vacant land should always be researched as to the owner and ...
Tags: property listings | prospecting process | real estate listing | commercial real estate |

... As a real estate agent you inspect property each day. Whether it is to list or prospect the property, the property inspection process is fundamental to the success and the outcome you require. You must make notes and ask the right questions as you proceed through the inspection so that you can improve your conversions to a listing. The commercial real estate market is very competitive but it is also very intelligent. The better you are at asking the right questions and getting the right answers, the better your ...
Tags: market intelligence | commercial real estate | estate market | prospecting | cold calling |

... get what you want in your lease. That is, things that will benefit you and your business first. Most leases usually benefit the landlord, not the tenant. However, if you do not feel that you can negotiate your own lease consider a commercial real estate attorney or an experienced commercial realtor. Now, just because you ask for something to be in your lease does not mean you'll get it. However it cannot hurt to ask; you may just be surprised. These last few years and for the next few years, vacant store fronts and other spaces are not exactly filling up so ... outside of the building. Exclusives or Write Outs This means that no other tenants in the plaza now, or future tenants (as long as you are a tenant) will be allowed to sell coffee beans, brewed coffee, tea, smoothies and anything else you make your living from, as long as it is in your lease. Free Rent (Rental Abatement) Try to get as many months of free rent as possible. However, you usually have to ask for it. All the landlord can say is 'no'. Then you have to decide if you can do without. That depends on how good the location ...
Tags: start a coffee shop | open a coffee | buy gourmet coffee beans | buy whole bean coffee | buy coffee beans |

... and Housing, along with the Bond lodgement form, within 23 working days of receiving it. This money is one of the protections that landlords are entitled to under the law. If things go wrong during the tenancy the landlord can ask to keep some or all of this money to cover costs. (If a claim is greater than the bond, a tenant may be ordered to pay the extra as well.) In the case of a boarding house tenancy, a boarding house landlord is not required to lodge the bond with the Department of Building and Housing if the bond is the ... made by direct credit, and bank account numbers must be supplied on the bond refund form. Bond refunds usually take up to 3 working days to process. A Tenancy bond can also be transferred to a new tenancy. If the tenant and the landlord cannot agree on the amount or costs that should be deducted from the bond, then either the tenant or the landlord (or both) can make application to the Tenancy Tribunal. The application will be given to a mediator, who will contact the parties involved and arrange a mediation, which may be by phone or in person. Both landlord ...
Tags: tenancy bond | tenancy agreements | bond refund form | bond refund | bond lodgement form | New Zealand |

... you explain to them how you want things done. Then you must pay close attention to be sure they are doing what you've asked. Every time a property manager says you need to repair something you should ask why. We were told once that the kitchen light was broken. Before sending the handyman to repair it, I asked them to first ask the tenant to check the light bulb. Believe it or not, simply changing the light bulb fixed the problem. You want your property managers to only send repair personal when absolutely necessary. Anytime a repair is made on your property ... to: • Decrease expenses - utilities, repairs, etc. • Avoid tenant turnover. • Raise rents to keep up with current market rent rates. Property managers are not your business partners. They work for you! They can make recommendations but that's it. Consult them as a resource but you must make the final decisions. It's very important that you explain to them how you want things done. Then you must pay close attention to be sure they are doing what you've asked. Every time a property manager says you need to repair something you should ask why. We were told once that the kitchen ...
Tags: real estate | investing | property managers | real estate education | |

... lease.. In addition, the landlord enjoys the benefit of a continuous rent stream and does not have any down time to relet the space; you should share in this savings also. 2. ASK FOR A RENT REDUCTION due to the savings the landlord experiences because he does not have to lay out tenant improvement dollars for an incoming tenant.This also depends on the current vacancy rate in your market. Or ask the landlord to freshen up the space with paint and carpet.. If you are satisfied with the existing condition of the space you can negotiate to benefit from the savings the landlord ... renewing a lease the Base Year should be adjusted to reflect the new initial year for the new term In markets with high vacancy rates, landlords compete for sizable or credit worthy tenants offering incentives including free rent and phased in occupancies. A tenant represented by an experienced broker will receive many solicited and unsolicited proposals from landlords competing for their business. A tenant may consider taking advantage of the current opportunities for a "flight to quality" and move from a class "B" building to a class "A" building at the same or reduced rates sometimes including furniture. This approach allows the ...
Tags: Office lease renewal | new jersey office space | corporate real estate | commercial lease renewal | occu |