Randy, Charlie France, Bob Meister – EZ Lease To Own

Description

EZ Lease To Own

‘Successful Investors Reveal Their Proven Techniques For Filling Homes The EZ Way’

Our printed manual (PDF) includes chapters on Home Preparation, Inside the Tenant’s Mind, Advertising, Taking Calls, Showing Homes, Forms & Contracts, Property Management, Evictions, Your Exit Strategy, Special ‘Gotchas’, Resources, The Math Behind It All and Goals of Leasing.
All in all, this is the most comprehensive course for showing you how to establish your…‘early retirement program’.

We’re the ‘Get The Deed’ people that thoroughly explain how to get motivated sellers to call you and ask you to take their home…leaving the mortgage in their name!
Now, we’re telling you how to fill those homes using a Lease and Option technique. The Tenant/Buyers will do all the maintenance and you’ll get all the benefits. Benefits like:
Depreciation, monthly cash flow, home appreciation, mortgage paydown, non-refundable option consideration, and the real biggie…
the chunk of cash when the tenant buys the home. Heck, we even show you how the experts make money when evicting delinquent tenants!

If this stuff is new to you or if you’re not getting all those benefits on your rentals ask yourself why…or why not!!

We haven’t even touched on how to avoid becoming a tired landlord, or taking care of evictions, judgments and bankruptcies. You know, the ‘dark side’ of investing.
Learn how the experts deal with it…
how we make money even when the tenants stop paying!!

This is the material that you’ve been waiting for. Professionally prepared materials, current techniques….The actual materials, successfully in use every day…with examples of our real deals. Not the stuff used 5 or 10 years ago…in a different economy…’Thinker brains, reptile brains’…come one; come all. We explain it all.

• The Essential Forms and Letters For Avoiding a Lawsuit
• The Top 3 Ways To Advertise For Quick Results
• When To Stop Sending Delinquency Letters and When To Evict
• How To Set Rents and Get Increases
• Should You Take Checks?
• When and How to Set Rent Credits
• When To Use A Move-In Special
• How To Maximize The Option Price
• How To Legally Reduce Your Tax Burden
• The 6 Key Components in a ‘New Tenant Package’
• Avoid the 7 Most Expensive Mistakes When Leasing
• How To Run A Credit Report For Under $7
• The 10 Step Process for Filling Your Home
• How To Maximize Your Tax FREE Depreciation
• Why You Should Avoid ‘Showing Homes’
• Encouraging Tenants To Buy During the Lease Period

EZ Lease To Own…..Table of Contents

Goal Setting………………………………………………………………….. 1-1

Why We Hold Homes 1-1

Positive Aspects of Holding Properties 1-6

An Overview of Depreciation 1-7

Negative Aspects of Holding Properties 1-8

Summary 1-12

Inside The Tenants Mind………………………………………………….. 2-1

Where They Come From 2-2

Why Are They Leasing? 2-2

Prospect’s Financial Profile 2-3

What Do They Want? 2-4

How Are They Living Now? 2-5

Summary 2-6

The Math Behind It All……………………………………………………… 3-1

A Review of Our Buying Formulas 3-2

‘Normal’ Interest Rates and Mortgage Balances 3-2

Setting the Option Price 3-3

Setting the Down Payment 3-4

Setting Lease Payments 3-4

Simple Summary 3-5

Lease Increases 3-6

Setting Credits 3-8

Rent Credits 3-9

Accelerator Credits 3-10

Mortgage Paydown by the Tenant 3-12

Tax Benefits 3-13

Depreciation 3-14

Home Preparation………………………………………………………….. 4-1

To Repair or Not 4-1

Should I Buy That Older Home? 4-5

A Move-In Special 4-8

What Is Curb Appeal 4-11

Staging Your Home 4-14

Tricks of The Stage 4-17

Advertising…………………………………………………………………… 5-1

Goals of Advertising 5-1

Newspaper Ads 5-2

Signs 5-4

DEE-Sign 5-6

Be Careful What You Ask For! 5-9

The Extreme Directional! 5-10

Advertising At the Home 5-11

Information Box 5-12

Talking Houses 5-15

The $59.00 Idea 5-16

Special Report 5-19

Flyers and Mailings 5-34

Internet Posting 5-38

Buyers List 5-41

Taking Calls…………………………………………………………………. 6-1

What Does Lease To Own, or Rent To Buy Mean? 6-1

An Explanation for You 6-1

What Is An Option? 6-8

An Explanation for the prospective Tenant Buyer 6-8

What’s the difference…non-refundable option 6-9

When You Might Want To Rent 6-9

Tax Considerations 6-12

More About Taxes 6-13

Who Is The Owner? 6-14

Flexibility With Prospective Tenants 6-17

Setting Lease Amounts And Option Prices 6-20

Lease Increases 6-21

Setting The Option Price 6-22

When A Prospective Tenant Buyer Calls 6-23

Sample Prospect Phone Call 6-24

Being Prepared 6-28

Qualifying and Disqualifying Prospects 6-31

Discrimination 6-39

Should I Answer My Own Phone? 6-41

The Answering Machine 6-42

Call Waiting 6-42

Using An Answering Service 6-43

An ‘I Sell’ Person 6-44

A Note On Call Forwarding 6-45

Taking Your Own Phone Calls 6-45

Showing Homes…………………………………………………………….. 7-1

Move-In Specials 7-1

Tenant Sweat Equity 7-1

Escorted or Solo 7-3

Bringing The Paperwork 7-9

Using An Agent/Dealing With Realtors 7-10

‘Open House’ 7-12

Summary 7-13

Forms and Contracts………………………………………………………. 8-1

Application Form 8-4

Lease 8-7

Leasing Checklist 8-23

Lease Option Disclosure 8-25

Lease Receipt 8-27

Option 8-31

Option Receipt 8-39

Promissory Note 8-42

Seller’s Disclosure 8-45

Property Management…………………………………………………….. 9-1

Job Description 9-1

Setting Rents 9-2

Basic Rent Components 9-3

Collecting Rents 9-7

Making Repairs 9-9

Association Dues 9-9

Liability Issues 9-10

Property Liens 9-10

Delinquency Issues 9-11

Bad Checks, Money Orders 9-12

Internet Payments 9-13

Chart of Accounts / Software 9-14

Bookkeeping 9-15

Delinquency Fees 9-16

Getting Organized 9-17

Filing System 9-18

Lists 9-19

‘To Do’ List 9-22

Payment Processing 9-22

‘Move-In Packet’ 9-24

Your Filing System 9-25

What About The Old Tenants? 9-27

Utility Payments 9-28

Making Payments 9-30

QuickBooks Transactions 9-30

On-Line Payments 9-30

Using the ‘Float’ 9-33

Step By Step 9-34

Summary 9-35

Eviction……………………………………………………………………… 10-1

The Eviction Process 10-1

Signing the Lease and Option Papers 10-4

Delinquent Letters 10-5

Small Claims Court 10-6

A Continuance 10-8

Judges and Small Claims Court 10-9

Judgments 10-10

Bad Checks 10-11

Leases and Options 10-12

Bankruptcy 10-14

Contact with Your Tenants 10-15

Possession(s) 10-16

Neat Technique 10-16

Summary 10-18

Input From Mr. Landlord 10-18

Case Studies…Exit Strategy……………………………………………. 11-1

Keep As A Rental 11-1

Out Of School and Into Debt 11-3

Single Mom…Multiple Income 11-12

Does Retirement Mean…Living on Less? 11-23

Stay At Home and Earn an Income 11-30

Case Studies 11-41

Blankenship 11-41

Country Lakes 11-42

Brouse Court 11-45

Harvest Meadows 11-46

Daylily Drive 11-49

Cerulean 11-50

Ashcroft 11-52

Wimbley Way 11-53

Summary 11-54

‘Gotchas’……………………………………………………………………. 12-1

Get Started 12-1

You Will Need To Protect Yourself 12-1

You’re The Property Manager 12-2

You Should Never Think For The Other Person 12-3

Never Sell Using A Land Contract 12-4

When Should You Do Your Own Repairs? 12-5

Learn To Be Flexible 12-7

Dealing With Friends and Family 12-8

Don’t Let Anyone Steal Your Dreams 12-9

Have An Office 12-10

Establish Rules For Yourself 12-11

Get A Business Phone Line 12-12

Get A Fax Machine, and Business Cards 12-13

Learn To Step Down 12-14

Do Your Homework 12-15

Get A PO Box 12-17

Use Money Orders 12-18

Let’s Talk About Court 12-19

The Move-In Special 12-20

Over Repair – Under Repair 12-22

Stay In Control 12-23

Don’t Spend What You Don’t Have 12-24

A Few Words About Tenants 12-25

Resources…………………………………………………………………. 13-1

Running A Credit Report 13-1

The Importance of a Credit Report 13-3

Why Check Credit 13-5

Credit Reports 13-8

Beacon Scores 13-9

Reduce Your Taxes 13-22

Web Links 13-27

Glossary of Terms 13-28

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