Why Selling on Lease Options is Glorified Landlording

Written by Tim Randle


I might upset some folks with this one, but that's okay as I think it's important to get some of my experiences intorepparttar light of day. If you fully believerepparttar 105434 hype that you won't have any landlording responsibilities by selling on a lease option, go ahead and stop here. Or perhaps you should read on as this article is specifically written for you.

Let's review one ofrepparttar 105435 common misconceptions that is thrown around by folks toutingrepparttar 105436 wonders of selling properties on a lease option:

You won't have any repairs or maintenance.

True, you can certainly have your documents state thatrepparttar 105437 tenant/buyer (TBer) is responsible for repairs. In fact, I've seen numerous variations of this ranging fromrepparttar 105438 TBer is responsible for all repairs to only those repairs falling within a certain price range. Some investors askrepparttar 105439 seller to be responsible for repairs up to a certain amount and askrepparttar 105440 TBer to be responsible for those over that amount. Insurance will theoretically cover major damages so that's not an issue. And I know from several experiences that insurance will and does cover many repair expenses less than $10,000. So far, knock on wood, I haven't had to test going above that amount.

So, what happens when your TBer moves in, sends you back your move-in condition form and two days laterrepparttar 105441 A/C, heater, or whatever goes out? You're either ponying up some money or you have one upset TBer. Yes, I know it's wise to have them sign off on an inspection or an inspection waiver prior to move in, and if you're not doing that, I recommend it. However, do you think that's going to matter ifrepparttar 105442 TBer just gave yourepparttar 105443 majority of their life savings and they're looking at a large repair bill?

Yes, you can use some of their funds to purchase a home warranty and I also frequently do that. Ifrepparttar 105444 expense happens to be one that is actually covered underrepparttar 105445 policy on such a short time frame and not classified as a pre-existing condition, then you're fine andrepparttar 105446 TBer can just payrepparttar 105447 deductible. Wait a minute, didn't you shell out a few hundred forrepparttar 105448 warranty? True, it came fromrepparttar 105449 TBer's funds, but that option consideration was supposed to be yours to keep, right?

Other recommendations on addressingrepparttar 105450 issue include askingrepparttar 105451 seller to be responsible for repairs for a certain time period and then passing that "guarantee" on torepparttar 105452 TBer. Again, it may be one of those "sounds good in theory" type arguments. The few times I've gone that route I've not had to test it, but I wouldn't be surprised ifrepparttar 105453 seller is a bit upset if I had to call to ask for money afterrepparttar 105454 fact. And what happens if your repair period fromrepparttar 105455 seller is only 30 or 60 days and it takes you longer than that to find a decent TBer. Oops.

What I've found is that typicalllyrepparttar 105456 TBer will agree, sometimes reluctantly, to cover halfrepparttar 105457 expense. I present that solution in such a way that it does appear as if I'm breaking "company policy", but since "I want them to be happy in their new home", I'm willing to bendrepparttar 105458 rules some. It is definitely smart to pushrepparttar 105459 TBer to get an inspection done prior to move-in as this not only comforts them, it protects you. Make sure you get a copy of it and haverepparttar 105460 TBer sign off on it. To be clear, I only make this offer for repairs that occur inrepparttar 105461 first 30 days. After that, they're on their own or insurance will take care of it.

Unleash the Magic of Goal Setting for Internet Marketers!

Written by Rod Moore


Unleashingrepparttar Magic of Goal Setting for Internet Marketers!

There is a magic power in goal setting that, when unleasehed, can dramatically accelerate your results as an on-line marketer. Those who understand and utiliserepparttar 105432 basic laws of goal setting achieve extrodinary results. Those who don't can only wonder and hope! This article explains how Internet Marketers can fire up their on-line results by havingrepparttar 105433 magic of goal setting work for them.

First and foremost, goal setting establishes a sense of purpose and order in our lives. When we develop a goals consciousness we begin to live on purpose and by design, rather than be blown byrepparttar 105434 winds of change. Goals give clarity torepparttar 105435 objectives and expectations that we have of our on-line businesses.

In Brian Tracy's new book 'Goals' he states that 'Success is Goals, everything else is commentary'. In other words, atrepparttar 105436 core of every great success lies an intensly goal focused person. This is equally true with those striving for success on-line. Success is a hard place to arrive at by accident.

Lets face facts! There are many people on-line today promising that if you will just buy their program, marketing system, traffic generation, MLM opportunity and more you will be successful and make it big. There are thousands of eZines and Newsletters out there that all claim to haverepparttar 105437 secret inside information on how to be an Internet Marketing success just like them. Every other web site offers free eBooks on how to turnrepparttar 105438 Internet into a cash machine, or to generate a traffic virus. There is just a ton of great quality information out there.

If there is so much information readily available then how come you are still struggling to earn money from your on-line marketing ventures?

No matter how goodrepparttar 105439 information is thats available to you, and no matter how good your online venture, success will avoid you if you lack clarity around your objectives. With clarity comes certainty and conviction. A lack of clarity leads to your efforts being diluted and your attention easily diverted.

So how do you go about setting goals that are relevant to your on-line business?

A good starting point is to establish goals usingrepparttar 105440 S.M.A.R.T formula. In other words goals have to be:

S - Specific M - Measurable A - Achievable R - Realistic T - Have a time line

By usingrepparttar 105441 S.M.A.R.T formula you give your brain clear specific objectives to aim at. Your brain works best with clarity. Focusing on, and dwelling constantly on clearly defined objectives sparks your brain withrepparttar 105442 fire to achieve it. With such clarity your Reticular Activating System will hone inrepparttar 105443 exact resources, knowledge, skills and opportunitys you need to make it happen.

What type of goals are required for success in your on-line business?

There are certain fundamentals that you need to be proficient in to be successful in any endeavour. Jim Rohn says that their is usally about a half dozen things that you need to master that will give you approximately 80% of your results. Success in on-line marketing is no different. In order to establish a successful on-line business you might consider setting specific goals forrepparttar 105444 following key areas.

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