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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.
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 The ballot initiative would have repealed the Costa Hawkins Rental Housing Act.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.
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.
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.
There comes a time when every landlord finds himself/herself in a difficult position of having his rental property occupied by a tenant who is not paying rent, or is making a nuisance of himself and causing problems for other tenants, or is causing immense damage to the rental unit, or his/her conduct makes it impossible to continue with a landlord/tenant relationship.
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.
It's Thanksgiving, and it can pay landlords to give thanks to tenants. They pay their rent on time, they look after their home, and some of them have been tenants for a long time. As we get into the Holiday Season, there are so many ways we show our appreciation to so many people. We send cards to friends and family, we arrange a Thanksgiving dinner, we go to social events with colleagues and business associates, because they are fun and to show everyone that we do care about them.
If you have a less-than-ideal credit score, you're not alone. In fact, it is estimated that about 12% of the United States population has a score under 550. Unfortunately, even one financial mistake (such as filing for bankruptcy or going through a foreclosure) can have a serious impact on your credit score for years to come. As a result, you may have a hard time getting approved for loans, credit cards, and even apartments down the road.
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.
You pull up to a house you rented out six months ago and see dirty windows, spilled recycling bins, and a driveway cluttered with tools. You set up an appointment a week ago to come by and perform seasonal maintenance on the property, and you know the tenants aren't going to be home.
Tenants dread rent hikes, and landlords hate breaking the news. With the right approach, alerting your tenants to an impending rent increase can take the pain out of the process, and even give it a positive spin.
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.
Few phrases in a rental contract cause as much conflict and confusion as "normal wear and tear". What does it mean? Who determines "normal", and how can tenants protect themselves from a landlord's interpretation of this very subjective term?
It's common sense to issue a contract whenever you rent a property to a tenant, but sometimes "loopholes" occur that leave you in a difficult situation. Perhaps the tenant on the official lease vacated the premises, leaving behind a roommate who never signed the rental contract. Maybe it's your roommate who's refusing to leave the property you own, or the lease expired without an automatic renewal or transition to a month-to-month agreement.
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.
When you have an empty rental unit, it can create a sense of urgency for landlords who depend on their rental income which can lead to unsound or rash decisions when it comes to tenant selection.