Since 2011, VerticalRent has pioneered technological innovations for landlords, property managers, and real estate professionals. If you're a digitally defined landlord with a passion for growing your rental portfolio - you're in the right place! Read on.
When you’re renting a new apartment one of the first things that you should do after you put down your security deposit and sign your lease is start getting the utilities set up. Don’t wait until the last minute to get your utilities arranged because sometimes there are long waits to get appointments. In this guide, we'll provide you with a step-by-step action plan.
Finding the perfect tenant can be a challenge for property managers and landlords and indeed, not all tenants are ideal, which can put discerning landlords at a risk of violation of the federal Fair Housing Act.
Are you tired of living alone? Or maybe you’re tired of being solely responsible for the rent and utilities. If so, you’re not alone. Many Americans not only feel the psychological effects of living alone but are also facing a growing financial responsibility that falls squarely on their shoulders. It’s a hard road when your hell bent on living alone, especially in more expensive American cities like Miami, FL, Los Angeles, CA, or New York.
Every do-it-yourself landlord should have a toolbox of landlord forms available to them for communication with their renters. On the flip side, renters should also have forms available to communicate complaints, maintenance requests, and notices to vacate.
Every state's eviction laws differ, and some municipalities within states may have local laws that add to or differ from the state law. As a basic rule, always make sure you, the landlord, have a legal reason to evict. The timeline and process may depend on the reason for evicting. VerticalRent has compiled this basic process for every state based on our research in alphabetical order, so just scroll down to your state for a summary of eviction procedures.
Life throws curveballs, both good and bad, and sometimes we need to move on relatively short notice when we're just not willing to sell our home. Have you been transferred to a different city? Are you temporarily moving to help a relative? Maybe you've decided to spend more time at your vacation home. Whatever the reason, there's no point letting your house sit vacant when you can turn it into a source of income.
Much of all capital gains tax (CGT) that may be potentially due is never collected. Savvy rental property owners plan ahead, know the law, and they know to avoid paying capital gains tax on rental property. If they cannot avoid paying all of it, they avoid paying some of it, or they defer paying capital gains tax that may be due. In this article, we discuss what you can and should legally do to avoid paying CGT on your rental property.
Being a landlord is certainly a great way to make more money in the real estate business, because as a landowner who can also generate income through rental and lease agreements, you can often increase your earning power significantly.
Are you thinking about making your first property investment? If so, you might want to consider buying real estate In Florida. The state provides a wealth of opportunity for those eager to make their mark in this industry. Profits could be substantial and you may find the process is easier than you would perhaps first assume. As well as this, the state is ideally managed for landlords and in many cases puts the needs and requests of the landlord before that of the tenant.
If you are a landlord in Texas, you must think about more than your bottom line: You also need to understand tenant rights so you don’t violate the law. Tenant rights tend to favor the landlord in the state of Texas, but you still need to know the law so you can stay in good standing. Get the details on basic tenant rights and what you can do to protect yourself.
Originally established in 1885 in recognition of President George Washington, the holiday became popularly known as Presidents Day after it was moved as part of 1971's Uniform Monday Holiday Act, an attempt to create more three-day weekends for the nation's workers.
If you are a landlord in Florida, you likely spend most of your days filling vacancies, engaging in tenant screening, and collecting rent. What you might not realize is that the law is on your side in the Sunshine State, according to a recent survey. The survey had respondents answer questions related to rent increases, eviction notices, security deposits, and more, and it’s clear that it’s easier to rent property out in Florida than in many other states in the union.
According to History.com, the history of Valentine’s Day–and the story of its patron saint–is shrouded in mystery. We do know that February has long been celebrated as a month of romance, and that St. Valentine’s Day, as we know it today, contains vestiges of both Christian and ancient Roman tradition. But who was Saint Valentine, and how did he become associated with this ancient rite?
Credit bureaus analyze a variety of factors when determining a credit score. Credit card utilization, payment history, and derogatory marks have the highest impact. The age of the credit history has a medium impact, while the number of total accounts and hard inquiries has a low impact. While the impact of hard inquiries is low, it can still cause a score to tumble five to ten points, which can make all the difference when trying to secure credit.
If you own rental property in California, you were likely feeling a little nervous when Proposition 10 hit the ballot last November. The ballot initiative would have repealed the Costa Hawkins Rental Housing Act. Once that act was off the books, California cities would have much more freedom to impose rent control options.
In the last 5 years, we have heard a lot in the media about artificial intelligence (AI) and machine learning technology. AI has become more of a “catch phrase” in both marketing and advertising than a true reality within most technological platforms. According to Techopedia, AI is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans.
When it comes to using your money wisely, there is no better way to do it than investing in some rental property. Not only will you get monthly payments from your tenants, but you’ll also be able to sell it for at least the price you bought it at, if not more (if you’re smart about it, that is). The worst thing that can happen is to lose value on a property, and we all dread this happening, but it doesn’t have to be this way! So make sure that your investments maintain their value by following t
A hostile is every landlord’s worst nightmare, an angry tenant who destroys the property because he or she is mad about eviction proceedings. Tenants like this figure they have nothing to lose and get revenge on the mean landlord by causing thousands of dollars in damage to the structure and breaking or stealing appliances.