It’s well known that real estate is one of the best ways to become wealthy. As a form of passive income, it’s an appealing way to make money as it can be both flexible and manageable when you have a day job. Take a look at some of the basics of becoming a landlord to understand what is involved before taking on any financial commitments.
It is not uncommon for renters today to find themselves dealing with property going through the foreclosure process. This article will help explain what happens during the process of renting a foreclosed property. Since it is a likely scenario for many, it is best to be prepared.
Have you ever wondered if it’s in your best interest to hire a property management company? Here are the top 5 reasons landlords should consider hiring a property management company.
Owning rental property can be a good way to supplement (or even replace) your regular income. After all, if you are able to find good tenants who pay on time every month, you can make substantial money while you’re at your day job, playing with your kids or even lying on the beach. According to…
Various types of confidential information can be covered by a non-disclosure agreement including blueprints, designs, formulas, strategies and ideas. The following article describes the types of confidential information that can be included in an NDA and the situations where certain information is excluded.
With holes blown into the wall, damaged appliances, losses of hundreds of dollars, unanswered phone calls, and nasty odors that fill up the entire house, one can only wonder, what kind of nightmare is this? Well, it might be the case of having a horrible tenant.
Once the lease agreement is signed and keys are exchanged, we can only hope to go on our own merry way. Unfortunately, it’s not always a walk in the park when it comes to dealing with bumpy situations regarding unpleasant tenants. Whether you are a tenant or a landlord, here are some types of tenants to avoid (or avoid being!).
Living Will and Last Will and Testament are two terms that are used seemingly interchangeably- but what exactly is the difference between a Living Will and a Last Will and Testament? And should you make one or both of these documents part of your estate plan?
During tough economic times with many people dealing with the burden of debt from student loans and mortgages, more and more individuals are opting to borrow money from friends and family members. Whether the debt is for a small amount using an IOU form, or a larger amount with interest and collateral using a Promissory Note or Loan Agreement, it is critical you ensure everything is set out in writing to give both of you a clear understanding of the loan terms and conditions.
Enforcing a Promissory Note can be a challenging process, especially when dealing with a friend or family member. It is strongly advised that you start by communicating with the person and try to avoid the time and cost incurred when hiring debt collection agencies or taking them to court.
For those of you looking to make the big move, it can be exciting to find a new home to settle down in. Unfortunately, amidst the high levels of stress that come along with moving to a new place, it can be easy to overlook the possibility of being a victim of a rental scam….