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There is no concrete answer to this question. Like with so many things in life, it depends. This article is going to compare/contrast the two. It will also provide some points to consider before making your investment choice.
Alabama's landlord and tenant laws provide certain rights to both parties. Small, or private, landlords should know both their rights and the tenant's rights before they lease or rent out a property so, should it be necessary to evict a tenant, you will have the law with you.
Many landlords continue to inspect their units the old-fashioned way, having their tenants use only a paper checklist to document the condition of the property. Although the checklist remains important in the inspection process, you can enhance and clarify the process easily if you own a smart phone and a computer.
If you are a property owner that is having to deal with tenant turnover, getting the right renters in the door for your next lease is important. Sometimes screening potential renters can seem tedious, but doing this step right can save you headaches down the line.
The grounds for eviction of tenants remain the same in many states, however, in Michigan, owners are not allowed to evict tenants without a court order, irrespective of the reasons, apart from a tenant who got into the property illegally.
Once the JOBS Act was passed in 2012, the concept of crowdfunding exploded in popularity, allowing money to be raised for everything from small businesses to real estate developments.
It can happen to anyone. You are going through the daily grind of life with family and work while living in your rental property. At the time, it made financial sense to live in a rental property in an effort to avoid homeownership risks.
There is no clear-cut answer, as every situation and every state is different. There are no federal laws regulating this issue. However, a few states and cities have passed legislation on landlords’ mold-related responsibilities.
Nowadays, you don't need to have long-term tenants to become a landlord. With websites like HomeAway emerging, you can rent your property by the night or week.
So, do you need and LLC for a Rental Property? The short answer is no. As with most financial questions, though, the short answer is never adequate.
As the vacation rental industry continues to boom, renting out your home to short-term visitors can be a very lucrative side business. In order to maximize your revenue, minimize vacancies, and increase your nightly or weekly rate, it's crucial to achieve 5-star ratings on the sites where your property is listed.
Sometimes a landlord needs to screen potential tenants who happen to be foreign nationals. However, it makes a difference whether the applicant is an individual or a business.
Did you know that South Carolina Legal Code 27 - 40 covers tenant eviction and the eviction process? This guide outlines the causes and the steps landlords should know before they begin the eviction process.
If you are listing a rental property and want to move through the process quickly, one thing you shouldn’t take off of your list is background screenings for new tenants. While this might seem like a hassle and is an extra expense, this can actually save you money in the long run.
The Landlord and Tenant Act of 1951 governs security deposits in Pennsylvania. This statute is what tells a landlord how much security deposit he can collect from a tenant, what he can do with the money once he has collected it and how soon he must return it once the tenant has vacated the property.
Naturally, as a landlord, you want to make sure you get the most rent possible for your property. However, it’s important to keep in mind that you must price your rental appropriately and in line with the local market.
Drone photography is an innovative marketing tool gaining popularity in real estate. Realtors need an edge in making the properties they represent stand out from all others.
The most common cause for eviction in Oklahoma is non-payment of rent. However, it is crucial that landlords follow the proper legal framework when it comes to evicting a tenant.
As a Virginia landlord, there are various reasons why you may want to evict tenant from your property. The most important thing to consider in this case is the law in Virginia that controls tenant evictions so you can adhere to the same.
When a tenant moves out of your rental property, it is crucial to document any property damage so there are no disputes. While writing down noticeable stains or damage is accurate, the best way to document the inspection is to use your smart phone to record a virtual tour of the property.