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.
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.