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Summary & Conclusions
You should now have an good basic understanding
of how to manage income real estate. Many of the principles also apply to
a personal residence, but rental properties require a significant number of
additional considerations and concerns. We have seen that one of the
most issues when buying real estate is that the deals are properly structured
and that adequate contingencies are written into your purchase offer.
During the period of ownership, adequate lease agreements and other
documentation, an understanding of the law, and following good procedures are
critical to minimizing conflicts between landlord and tenants.
Your RHOL
membership provides the information and tools necessary for becoming a
knowledgeable and efficient landlord. Services provided by RHOL for
members include:
Instant
credit reports from the Web *
Forms &
Agreements - downloadable and many editable Word and/or Fillable PDF *
Forums,
e-mail, phone - get help with specific problems **
Web based
instruction via e-courses *
State
landlord-tenant laws *
Vacancy
listing web
Pages that
discuss subjects from Abandonment to Zoning
***
* ONLY Members
** Certain feature are ONLY Members
*** Many pages are ONLY Members.
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