Are RTO homes legit?
But are rent-to-own houses legit? Yes — but there are aspects of these deals that buyers need to be alert to, like tricky contracts and the possibility of losing money, says David Mele, president of Homes.com.
What is rol in real estate?
A rent roll is an essential document that allows landlords and others to easily view rents that are due and rents that have been collected on an investment property. It focuses on the gross rent collected, not net rent after expenses, such as a monthly mortgage, insurance, taxes, or utilities.
What is a T12?
What is a Trailing Twelve Months (T12) Statement? The T12 statement comprises all monthly expenses and revenues of a rental property in the past year. A T12 or TTM refers to a piece of data that summarizes the economic performance of real estate based on its Net Operating Income (NOI) over the past twelve months.