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RENTAL LOAN PROCESS

ADVERTISING THE RENTAL HOME

To advertise rental homes to potential tenants, you should consider the different mediums and platforms available to get the word out that you have homes for sale in in your community. This includes referrals from current tenants, social media, online listing websites, local advertising mediums, etc. To generate sufficient traffic for sales momentum, advertise frequently and through the channels where your target customer will get your message.

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Request to Convert the Inventory to a rental

When you are ready to rent the home, it is time to convert that home inventory to a rental home, you need to initiate the process of converting the home from inventory to a rental home by securing and executing a rental home loan. Let us know when you are ready to do that process.

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SUBMIT CONDITIONS & SIGN LOAN DOCUMENTS

To effectively create the rental loan, 21st will collect information and conditions necessary to create the loan such as sales tax info, insurance info, titling documents, etc. Once the conditions have been submitted, you will execute the loan contract and any necessary ancillary documents to 21st Mortgage to create the rental home loan.

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Complete the loan & allow renter to move in

Once the loan process has been completed, the loan will book and you can now allow the renter to move in! We are here to help you get situated on your new loan for items such as making the first payment, your assigned point of contact for the loan, and other loan servicing-related questions so you can take care of your new rental home asset.