Tenant Content Index - Page 1

A tenant is someone who rents a property from a landlord or property owner. The tenant pays rent to the property owner, in exchange for living in or using the property. The terms of the rental are usually defined by a lease. Learn more here abotu what it means to be a tenant and what it involved in renting or leasing property.

Joint tenants own a property equally. However, your contract could be written in many different ways that mean different things for ownership, what happens when someone dies, and who receives any proceeds from the property. Look at our articles, blog posts, radio shows and videos for more information and joint tenants and other types of tenancy.

Ilyce Glink Show Notes - November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.

Majority of property owners experiencing higher vacancy rates. Seventy percent of property owners are experiencing higher vacancy rates this year. The vacancy rate has been above 10 percent since June 2009. A recent Rent.com survey looks at how property owners are coping with these trends and encouraging tenants to stay or move to their units.

Property owners are finding creative ways to fill vacancies during the recession. Over 70 percent of property owners have experienced higher vacancy rates over the past year. Recent vacancies are primarily a result of job loss and tenants trying to save money on rent by moving to a cheaper unit or doubling-up with roommates. Property owners are modifying credit policies to fill units during the recession. Owners are also lowering rent, relaxing pet policies and offering unit upgrades. Read the full press release below from Rent.com.

Ilyce Glink Show Notes - November 8, 2009. Big news week: $8,000 first time home buyer tax credit was expanded to include trade-up buyers, and extended until June 30, 2010; Unemployment numbers are out and awful: Nationally, unemployment rose to 10.2 percent, 17.5 percent if you include a broader measure of unemployment; Fannie Mae introduced its Deed For Lease program; Five more banks closed, bringing the total for the year to 120; the House passed health care reform. NEW EBOOKS ON INVESTING IN REAL ESTATE ARE AVAILABLE; Get your FREE books and Ebook deal.

**Fannie Mae Deed For Lease Program Rules.** Fannie Mae announced an innovative program designed to help homeowners avoid foreclosure. Called Deed for Lease, the program allows struggling homeowners who are unable to qualify for a loan modification under the current Obama Loan Modification Plan to hand their keys over to Fannie Mae, but then rent back their house at current market rental rates. Here are the Deed for Lease program rules.

**The Fannie Mae Rental Program will allow homeowners to avoid foreclosure for a year.** This rental program or "Deed to Lease" program will allow homeowners who haven't qualified for a home loan modification or for the Making Home Affordable Act to avoid foreclosure for a year. The Fannie Mae Rental Program has specific criteria that the homeowners must qualify for, including they must live in the home as their primary residence and they can't be more than 12 months past due. Read the full article below fore more information on the Fannie Mae Rental Program.

**Second Home Loan Modification Is Denied By Lender** More and more people are finding that they have fallen into a trap. They bought a second home or moved to get a job and left their primary home, now when they call their lender to request a loan modification, the lender refuses to give them a loan modification because the home is no longer a primary residence. With that logic, the home will be lost to foreclosure and the lender may end up taking a bath on the loan. Wouldn't it be better for lenders to agree to a loan modification with a borrower looking to keep current with their payments than deny the loan modification on the second home and let the home go into foreclosure?

**LLC vs Corporation: Can You Do Without Either** When it comes to choosing how to hold your real estate investments, you can choose from many options. The most popular options are using an LLC to own real estate or a corporation. Some decide that they would prefer to hold title to their real estate investments in their own name. Is it wise to own investment real estate properties in your own name?

Ilyce Glink Show Notes - October 4, 2009; Atlanta Flood update; September job cuts and unemployment rate rises; Moving to Montana; Section 8 real estate investing; how to find an estate attorney; HUD-certified housing counselors and Net Present Value (NPV) calculations and why people can't get loan modifications; FREE BOOKS and EBOOK DISCOUNT DEAL; Taylor Bean Whitaker

Scams from Nigeria are targeting apartment rentals in South Carolina, Illinois, Colorado and California. You need to be careful to avoid these Nigerian apartment rentals scams. Use common sense and do your due diligence before sending any information to third parties you do not know. Once you become a victim of a scam from Nigeria that target apartment rentals, you'll have to take action to protect your financial information.