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Aug 6th, 2022

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How to Save Assessment Of Condition Of Rental Property in PNG

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so youve taken a huge step and purchased your first income producing property congratulations for you i am so happy for you youve sacrificed your time energy and money you saved up you had a vision for where you wanted to go and now you have done it youve closed on it and you own the property but what do you do now today i want to share with you my 20 biggest mistakes that i made by my first piece of real estate back in 2004 all the mistakes i made probably no doubt more than 20 but i wanted to narrow it down to my biggest ones so when you get out there in the field to get a tenant and place them in your property you dont lose money like i did all right so lets go over these 20 right now greetings class its chris haskins with therealestateroundup.com my mission and ministry is to raise your financial literacy through real estate investing in entrepreneurship so today ive got a special video for you ive been thinking about this for years and years you know so many ideas so much

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a schedule of condition for rental property?

What is a Schedule of Condition? A Schedule of Condition acts as photographic and written evidence of the state of the property at the time the lease is granted. It will consist of a list of photographs and additional descriptions of the property and is annexed to the lease.

Can the landlord require a tenant to provide proof of insurance as a condition of the lease?

Yes, a landlord can require a tenant to have insurance as a term of the lease. It is up to the tenant to agree to that term. Tenants can try to negotiate this term with the landlord. A basic tenant insurance policy will include liability coverage.

How do I make my rental property safer?

Home Security in a Rental: 10 Simple Tips to Keep Yourself Safe Ask your landlord to locks on any first floor windows. Ask for a new lock on the front door. Get a dog. a streaming camera. Explore rental-focused home security systems. Dont let anyone in who you dont know or arent expecting.

Is RTB mandatory?

There is a legal obligation on landlords to register their tenancies with the RTB.

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