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Real Estate Tips
Investment Real Estate >Tenant Tips

When you buy an investment property, finding and keeping a tenant is very important. It's been said that a little caution during the screening process can save a lot of headaches later on.

You can rely on an intuitive sense of how a prospect feels to you. While this is an important aspect of a landlord's decision-making process, following up on your intuition by checking on the facts is definitely worthwhile. Have prospective tenants fill out an application giving employment references and the names and addresses of previous landlords. The application should also include written permission for you to run a credit check. In most areas, it is difficult and expensive to evict someone who turns out to be less than a model tenant. Only after you check their references and credit history should you allow them to move in.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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The Abraham Team, REALTOR®, real estate agent and broker for Weston, Pembroke Pines and Miramar, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Abraham Team
The Abraham Team @ Keller Williams Properties

1625 North Commerce Parkway, Suite #105
Weston, FL 33326
Phone: 888-388-7356
Fax: 954-358-6022
Email: harveyandarianne@NUMBER1EXPERT.com


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