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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.
As a landlord, you're always looking for the edge over other properties in the area. And yet, some of the decisions you have to make are complex. Even a seemingly a simple choice like renting your apartment or home furnished comes with a number of variables that deserve special consideration.
The prospect of moving abroad is for many, a dream come true. Let’s be honest, most of the time we’re unable to move abroad unless we have a job opportunity in another country. Other times, there might be an older couple or investor that has amassed enough wealth to get up and go. It doesn’t matter what your personal circumstances are, you’re all in the same boat. Moving abroad is exciting if you know what’s going on in very good detail.
While it might not be that you have the most luxurious set of properties to rent, it can often be that with a little effort and consideration, you are able to upgrade the kind of tenant you attract. Of course, we’re not suggesting that you should discriminate on who you have in your properties.
You have taken the leap to become a landlord, choosing investment properties carefully and beginning to vet your potential tenants. One of the methods that you'll use to see the responsibility of the tenants is through a check of their credit. Credit checks reveal a lot of potential red flags: extremely high debts, late payments in the past, or past legal action can often be visible on the report.
As you manage your rental properties, you want to come back to the bottom line and make sure you are making every effort to maximize profits. Every month, if you are working from the same circumstances as many other rental property owners, you are trying to minimize payments, including your mortgage, and maximize rental income by keeping the property rented consistently.
Landlords often realize, based on a complex variety of factors, that it is a good time to sell a rental property. Perhaps the market is perfect for sellers and you've just gotten evidence that you'll get a great deal; other times, it is simply a cash flow issue for the next stage in your rental business development.
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.