What is a lease option and how do they work with Realty Trust Services?
So you found a house you like that is offered as lease option. What exactly is a lease option? In simplest terms, it’s a way you can participate in home ownership if you’re not exactly ready to purchase a home. There are two parts to this: An option, or purchase agreement, that allows you an […]
Should I register my Cleveland OH property with the county and city?
Many people that want to begin investing in properties have a very common doubt right off the bat – Should I be registering my Cleveland property with the county and city? And how? This question is pretty understandable, since some new owners are not from Ohio, and some are actually trying to get into the […]
What should the LLC that holds my property be filed as?
I’d like to give you some information about corporate entity strategy in order for you to be able to better protect your assets. Even if you find this information useful, remember to always consult your attorney and your certified public accountant before you make any important decisions. Let’s begin with taxes. Here at RTS we […]
How do you ensure that you find the best tenants for our property?
The key to maximizing profitability and minimizing risk as a landlord has a lot to do with choosing the right tenant. That starts with the marketing of the property, and the energy that can be produced off that. There are a few tricks to creating effective advertisements to help find the best tenants for your […]
How do You Know What is Happening with Your Property?
How do you know what is happening with your property? If you don’t physical live at your apartment, the answer is: you don’t. The farther you live, the less you know about what happens on a day-to-day basis. Here’s the dirty little secret of property management…we don’t know either because we don’t live there either. […]
Why it is so important to check criminal and eviction records manually?
About four years ago we approved a tenant application, the tenant moved in, and then we had to evict them roughly six months later. On a whim, we went to the local court and found out the tenant had a recent conviction that did not show up on the background check we had conducted with […]
Help! I’ve been transferred out of state but can’t sell my home
I hear from a lot of people that are underwater on their home, and they don’t know what to do. This happens when the house value drops below what is owed on the house. As long as you plan to stay in your home, this may not be a problem because eventually the market goes back up. […]
7 Steps to Flawless Tenant Screening
Through years of experience in the field, we’ve narrowed our tenant screening process down to a specific set of steps that allow us to work quickly to fill the apartments and houses we manage with the best possible tenants. This is an overview of our process. Hopefully it can help you in screening your tenants. […]
Is Your Current Manager Licensed? Don’t Get Hurt!
While looking for a property manager, you may see ads for people offering to do property management. Maybe they are handymen or contractors, and they post ads that they can help manage your properties. They boast their ability to handle the maintenance themselves. But are they licensed? The one most important question you need to […]
What Cleveland Ohio landlords need to know about large deposits and deposit accounting
Landlords accept security deposits as a form of insurance. If the tenant damages the property or leaves with unpaid bills, the landlord can use the money from the security deposit to help cover those expenses. When accepting a security deposit, there are several things landlords need to understand to protect themselves and their property. The […]
