Archive for February 2nd, 2008
Begin with Senior Loan Officers
Saturday, February 2nd, 2008Your first call will be to a senior banking official in the loan department. During the loan application process, you will begin working your way down the corporate ladder to deal with the people who do the actual legwork.
The loan officer will send you a loan package. You’ll be required to complete all the forms, [...]
Panicking at an Audit
Saturday, February 2nd, 2008Panic leads to mistakes, sometimes dumb mistakes, that can get you into far more trouble than the original cause for the audit. The first thing to do upon getting notified of an audit or the possibility of an audit is to remain calm. Immediately contact your accountant and perhaps your lawyer for sound advice as [...]
Entry Rights to Your Property
Saturday, February 2nd, 2008As a landlord or property manager, you have the right to enter your property, but it is not an absolute right—it’s a compromise between the landlord’s right to know what’s going on and have access to theproperty and the tenant’s right to privacy. After all, the apartment or house must be inspected periodically for repair [...]
Contract Negotiations
Saturday, February 2nd, 2008All contracts should be created with professional input from attorneys who understand the technicalities of real-estate law.
Before you can sign a contract, you have to have a negotiation. Sometimes you’ll be involved in a whole series of meetings. A contract can’t be executed until the negotiation phase is completed.
Know Your Limits
This is the key element [...]
