Most landlords understand the importance of business savvy and industry knowledge, but legal knowledge has not always been an important factor in running a landlord business.
Mold in rentals is a joint issue of tenant-landlord liability, responsibility, and prevention. If you find mold lurking and seeping in from the corners of your walls, you are living in an environmentally hazardous situation. There are a variety of mold strains that can cause any number of health problems.
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…
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!).
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….
Seasons fly by, and tenants move in and out of your rental property. Now, it’s that time of the year again for you to recruit a new tenant. For any type of demand in the market, interest does not always mean it’s a perfect match. Many prospects will take a tour around your property, assessing the quality and the conditions. Likewise, you would do a similar assessment on these potential tenants to filter and weed out the prickly ones.
If you’re one of over 100 million people in the U.S. who rent an apartment or a house, the concept of “renters insurance” shouldn’t be foreign to you. A renter’s policy is going to cover your personal possessions if they’re stolen or lost in a fire, or other unfortunate events. In some cases, it can pay for you to stay in a hotel if you are displaced by a fire or other natural disaster and can include liability coverage in case someone is injured in your home.