What is covered under landlord-tenant law? What can a landlord charge you for? What about a deposit? Are you a landlord having trouble with your tenants? Do you want know how to get into the landlord business? Look here for answers to these questions and more in the articles, columns, blog posts, radio shows and videos.
Handling tax issues with a rent-to-own home can cause some tension between the landlord and tenant. You’ll want to have all the details before you make your next move. Q: I’ve been renting-to-own a home for a little over a year now. The owner of the home told me he would continue to pay the [...]
With all the hard work that goes into being a landlord, it’s sometimes smarter to outsource that work to a property management company. Q: I am planning to buy a four-plex and I was planning on using an on-call handyman instead of property management which is typically expensive. Since this is my first project I [...]
When you sign an apartment lease, you agree to uphold the terms of that document. Some municipalities have landlord-tenant ordinances that give additional rights to tenants, but a tenant can't decide to terminate their lease without taking the proper steps to do so. Q: I have a small question, I'm from Cleveland, Ohio. I had [...]
Is there a good way to define a rental unit as long-term or temporary? As this correspondent finds, there can be several different definitions. Q: This question may seem odd, it has been hard for me to research it and I hope you can help. I am trying to determine a realistic and reasonable definition [...]
How can you avoid paying taxes when selling a rental property to a child? You could try an installment sale. Q: We have a rental property that we would like to sell to our son and his wife. The problem is that we have not lived in the house as our primary residence for the [...]
Are we now living in a Landlord Nation? If you look at who owns rental property in America, you might think that more people are renting than are owners, although that isn't the case. In addition to our primary residence, we own one and a half rental properties. That is, we own one by ourselves [...]
Most of us are familiar with the saying, “There’s no place like home.” Unfortunately, unforeseen incidents, such as fire or water damage, can quickly turn your home upside down. While most homeowners have insurance to cover them in case issues arise, many renters don’t believe they need insurance. Every day, I hear from people who [...]
A landlord wants to sell her investment property and has trouble. While the property is rented, the rent does not cover the mortgage. The landlord wants to know the effect of using a deed in lieu of foreclosure on her credit score. She called the credit bureaus but could not get a direct answer. Ilyce says that the effect of a deed in lieu of foreclosure on a credit score depends on the individual because each person has different credit factors.
Is now is a good time to become a landlord? How can the potential landlord learn about the rental property market in his area? If you're considering becoming a landlord you should educate yourself about foreclosures, local rental information and investment properties. If you become a landlord you will become a real estate investor.
A reader asks about starting an apartment finder web site and whether she needs a real estate license. This apartment finder web site would allow landlords to post listings for about $20 per month. Contacting an intellectual property attorney will help this entrepreneur fully understand what it takes to start an apartment finder web site.