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Rental prices in New York City are steep, to put things lightly, and subletting is practically a way of life. Few people can afford to live in an NYC apartment comfortably on just one salary and unmarried professionals often partner up through the art of subletting.
When it comes to being a landlord, there are many things that can put you off. You hear stories about nightmare tenants who stop paying rent, and ruin properties. You also know that you could land yourself in financial difficulty because of this.
When you rent a property, you assume several basic things: that your property will be safe to live in; that your landlord will take care of basic repairs in a timely manner; that, if you take good care of the property, you will be able to get your security deposit back when you move out. Unfortunately, things don't always go according to plan. What happens when you find out you need to sue your landlord?
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.
Investing in real estate and maintaining rental properties is an exciting endeavor that can provide supplemental income and secure your financial future. However, investing in rental properties does come with some inherent risks, and it is likely that you will eventually find yourself mixed up in a real estate deal gone bad. What might have originally looked like a promising investment may soon turn into a nightmare if you find yourself with a rental property that has negative cash flow.
As a landlord, you have a responsibility to both your tenants and your company. One of your responsibilities is to be aware of your state's landlord-tenant laws, and to retain a lawyer when needed to ensure that you have the specific advice you need.
You’re ready to relocate to Fort Lauderdale, but you’re a little overwhelmed. After doing some research, you discovered that there are dozens of neighborhoods in Fort Lauderdale. Which one should you choose?
The Miami real estate market is currently one of the most popular and profitable markets in the United States. Investors moving their business into Miami-Dade County are set up to be part of a booming property market, particularly in the coming decades. Throughout the last century, Miami has been a prime vacation spot as well as a strong residential and commercial sector.
If you own rental properties, it is important that you keep a maintenance schedule in order to ensure that important maintenance does not get forgotten. Preventative maintenance can help to save you time and money in the long-run by preventing costly damage and repairs down-the-road. However, if you own multiple rental properties, it can be overwhelming to try to take care of all of this maintenance on your own.
With an abundance of waterways, delicious eateries, and ample green spaces, you know that Jacksonville, Florida, is a wonderful place to live. You want to relocate to Jacksonville, but first, you need to choose a neighborhood. The bustling city is full of neighborhoods that are perfect for renters. Get the details on the top places to rent in the city.
Many real estate investors end up feeling tremendous guilt. They've made bad deals. They've lost money. Perhaps they've even lost years as they struggled to overcome those regrets--and in some cases, those regrets can become downright crippling.
In 1992, Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992. This act was also known as Title X. The idea behind the legislation was to protect families from exposure to lead in paint, dust, and soil. It was section 1018 of this law that directed HUD and EPA to disclose any data concerning lead-based paint or lead-based hazards before selling or leasing any housing built before 1978.
Orlando has more to offer than theme parks and wildlife. It’s also an excellent place to call home. As one of the largest cities in Florida, more than 1.5 million people live here, and you want to join the crowd. First, though, you have to decide where you want to live. Orlando has tons of neighborhoods that attract renters, but which one is right for you? Check out the top neighborhoods for renters, so you can get the best bang for your buck.
You have a special kitty who has been traveling with you for months or years before setting up your next (or current) rental place. You and your beloved cat are the dynamic duo and you wouldn't dream of living somewhere without your feline friend. There's just one catch: the housing crisis makes finding well-placed pet-friendly living harder than it used to be.
The first day in your new home after a move is always a challenge. Some people view it as an exciting first-night adventure; some see it as a special moving-day ordeal. There you are with everything you own in boxes, your furniture in pieces, and mattresses on the floor.
Miami Beach enjoys a reputation as a popular social, economic, and recreational hub. This is true not only in southern Florida and the United States but also the world. It is also for good reason. The city’s unique culture makes it stand out from other cities in many ways. These factors make it a decisively attractive spot for tourists and vacationers, high-end luxury living, and real estate agents.
Many people consider Tampa to be one of the best places to live in the United States. It manages to have both an urban and suburban feel, so everyone can happily make a home in Tampa. When you live here, you can expect easy access to parks, restaurants, bars, shopping, and schools, and many neighborhoods boast low crime rates. That makes Tampa a fun and safe place to live in.
2019 hasn't been my best real estate investment year. I've acquired a few new rental properties, picking up a residential property here and there, but honestly, the profit margins just haven't been there. Unexpected repairs, vacancies, and increasing property taxes have taken their toll. Don't you hate it when the year ends up like that?
The holiday season is rapidly on its way and the spirit of gift-giving is in the air. For many people, it's fun to think of everyone you could possibly give a gift to brighten their season. For landlords, you may have one family or several families whose holidays could be brightened by a warm yet impersonal gift.
Do you find yourself asking, “What are the best places to rent in Atlanta, Georgia?” If so, you aren’t alone. Atlanta is full of vibrant and up-and-coming neighborhoods, and it can be difficult to keep track. Whether you are born and bred in Atlanta or are moving here for the first time, you want to find a top neighborhood. Learn about the best neighborhoods in Atlanta for renters, so you can find the perfect landing spot.
Getting a roommate that you like tends to be a slam dunk in many areas: you get a bigger place or an apartment in a better location than you could have afforded on your own, and you often still get to pocket the spare cash from having split the rent bill.
As 2019 draws to a close, many landlords, along with much of the rest of the population, are carefully considering their taxes for the year. As a landlord, you must report all the income you make on rent payments and pay taxes on it accordingly. For some landlords, that amount adds up more than expected--and like most people, you would prefer to maximize the return on your investment and minimize the amount you have to pay in taxes.
Austin is the top city in the country for real estate investment, according to PwC and Urban Land Institute. As the second fastest-growing city in the nation, Austin has one of the most positive real estate market outlook, making it a prime target for property investors.
Running a short-term guest rental or vacation rental can be a very rewarding way to use your investment property. Any home or apartment can become a guest rental. All you need is furnishings, amenities, and an eye for attractive decor. There are always travelers looking for a better-than-hotel place to stay and your furnished homes could be perfect. This is especially true around the holidays when families are coming together from all over the country.