Tenancy issues arise when you have tenants on your property. You may have issues relating to a lease or questions on what lease form to use with your tenant. You may have questions about security deposits, pets, term of a lease, among many lease issues. When you invest in real estate, you may intentionally become a landlord and have tenant issues. But if you own a residential piece of property that you can’t sell, you may unwillingly become a landlord and have questions. And if you have are not a homeowner, you may have questions about renting a home or apartment. Ask your questions hear and read the answers to the many questions about landlords, tenants, leases, security deposits and nightmare tenants here.
A landlord asks what to do when his renter plans to skip out early. The landlord asks about putting a lien on the renter's new home. The landlord might be better off suing his renter in small claims court.
A landlord owns a couple of rental properties and would like to purchase more but is concerned about finding good tenants. One good tip is to underprice your rental property to bring in more prospective tenants to choose from. The key is to bring in enough interest so that you can choose the best tenant for your rental property.
A landlord says they are entitled to keep the deposit of a potential renter who doesn't move into their rental home. He says the deposit is to hold the property, and a landlord could miss out on potential offers while expecting a renter with a deposit to move in. If a landlord intends to keep a deposit regardless of move in, it's a good idea to make sure the renter knows that up front.
A landlord does not return a deposit that was put on an apartment. A would-be renter should only make a deposit if there's a clear statement from the landlord as to what will happen to the deposit if you don't rent the apartment. Without this information up front, the landlord should not keep a deposit.
The question of renting a home versus buying a home is common. You may be unsure if you can take on a mortgage loan, especially if you already have credit card debt. You have to take many factors into consideration when buying a home, including increasing home values and whether renting can save you money in the long run.
Although there are 58 million renters in the U.S., landlords have been hurting for tenants. In some cases, renting a home might be a better option than buying. Many landlords are offering worthwhile incentives to get tenants moved into their rental properties, and renters may be in a position to take advantage of a good deal.
Landlords are finding that a slowed buyer's market has led to more people looking to rent in the current economy. Many renters are finding incentives like free rent, cash-on-signing and free parking with their prospective homes. Buying a home might still be smarter in the long run, but renting isn't such a bad idea in the current market.
A rental property owner has trouble finding good tenants and getting rent payments on time. He wonders if Section 8 might be the answer to finding good tenants for his rental property. The landlord might want to better screen his tenants, along with a few other strategies.