How are pests handled?
Whether it is nesting mice, pesky bed bugs, or gnawing termites, pests are unfortunately a frequent headache to property owners with Pest Control Experts needing to be called in. On one hand, professional extermination can be pricey, and in certain situations, there can be health concerns depending on the chemicals used and the level of […]
Should My Properties Be Owned as an LLC or Corporate Entity?
Please check with your CPA and Attorney for purposes of Legal Consequences and Tax Consequences. Coming from experience all properties should be set to companies, and the main reason for people not wanting to do so is because certain mortgages. From the asset protection standpoint it adds an extra layer of protection, and inexpensive. You […]
You have to be careful when it comes to collections. Yes, as an owner you do have rights. But so do your tenants. And it’s critically important that you know what those rights are— yours and theirs— as spelled out in the Ohio Revised Code, as well as other collections-specific laws. This is something we […]
The Top Five Reasons Lease Options Fail
The concept of the Lease Option is excellent in theory. A property owner leases a home to someone who cannot currently qualify for a mortgage loan. They do so with a specific and separately written agreement that tenant will acquire and purchase the home in a specific period of time. Normally the tenant gives a […]