Blog entries tagged with "landlord":


landlord: Readers Want to Know...Cash for Keys and REO Property - 08/02/08 07:00 PM
I receive numerous emails on various topics that I have written with in the past.  I try to answer as many as I can personally, but I thought if one person takes the time to write me with a question then I have other readers who have the same or similar … (6 comments)

landlord: Q&A - The REO Guy Answers Your Questions on Bank Owned Properties - 08/02/08 03:59 PM
 
I receive numerous emails on various topics that I have written with in the past.  I try to answer as many as I can personally - creating articles for a FAQ column, but I thought if one person takes the time to write me with a question then I have … (0 comments)

landlord: Great Time to Assign - 08/02/08 07:31 AM
Hey everyone,
This is my first post here on Active Rain where I posted to my groups. I have an investment club in Kansas City called NetWorthKC. Many of our success investors here are using assignments. We have found that in the Kansas City market as well as others for this to … (0 comments)

landlord: What does your sign say about you? - 07/29/08 05:52 PM
Have you ever driven up and down a street with rental properties or homes for sale? Chances are, you have! After all, you are in real estate business! :-)
Well, how often do you see a sign and you just drive by and other times you stop and you actually read … (2 comments)

landlord: RentOMeter.com on Steroids - 07/28/08 06:19 PM
RentOMeter.com meets it's match Investors, Agents, Renters by now most people have heard about RentOMeter.com (my review of RentOMeter.com). It's a powerful web site that gives rental rates for different property types across the US. It's powerful because knowing what a property will fetch in the current renal market is critical … (1 comments)

landlord: Landlord Forms & Info Links - for (New) Landlord Clients- Michigan - 07/27/08 11:47 AM
If you have clients who are thinking about investing in Michigan properties as rentals, you may want to pass these links on to them for Landlord Forms & Information.
Michigan Landlord Tenant Guide (includes sample forms)
http://www.senate.michigan.gov/gop/publications/Tenants%20and%20Landlords.pdf
 
Forms for Use in Landlord-Tenant and Land Contract Matters (Michigan Courts Website):
http://courts.michigan.gov/scao/courtforms/landlord-tenantlandcontract/ltlindex.htm
(2 comments)

landlord: How safe is your building? - 07/25/08 07:00 PM
  As a property manager for both multi-family and office/retail properties, one of the most pressing issues always has been SECURITY!  What can you do to improve security? What are all the options you have?  How much is it going to cost? All of those are legitimate questions with very different answers … (0 comments)

landlord: Is your rental property safe? - 07/25/08 06:57 PM
As a property manager for both multi-family and office/retail properties, one of the most pressing issues always has been SECURITY! 
What can you do to improve security? What are all the options you have?  How much is it going to cost? All of those are legitimate questions with very different answers … (2 comments)

landlord: Mobile Eastern Shore AL Real Estate Market: Should You Rent Your Unsold Home? - 07/21/08 07:52 PM
With Mobile Eastern Shore AL real estate sales slowing a bit for the summer, many sellers are left wondering if they may be better off renting their home out for the time being until market activity picks back up.  If you have already purchased another home, this option is especially attractive … (0 comments)

landlord: Is your tenant covered? - 07/21/08 07:15 PM
Just recently I was reading through one of my residential leases to make sure that every paragraph is up to date and to see if there is anything I need to include due to changes and updates of local rental laws. I came across the paragraph talking about Renter's Insurance … (0 comments)

landlord: Is your tenant covered? - 07/21/08 07:14 PM
Just recently I was reading through one of my residential leases to make sure that every paragraph is up to date and to see if there is anything I need to include due to changes and updates of local rental laws. I came across the paragraph talking about Renter's Insurance and … (4 comments)

landlord: searching for a career opportunity in Orange County, CA - 07/20/08 01:28 PM
I'm moving back to Southern CA area to the Mission Viejo area in Orange County.   I am looking for a career opportunity near Mission Viejo in the RE acquisition/investment/transactional field.  Career with a RE department of franchise co, developer or investment co., retirement RE investment fund, financial institution, mortgage co, or title co. all work for me.  … (0 comments)

landlord: What do you do when your tennant is not cooperating? - 07/20/08 01:28 PM
I am a Realtor.  Now I am a landlord as well.  What do I do now? The lease says no smoking in the house.  I see the tennant standing on the front porch smoking.  We did not want smokers in this house. The lease says no pets.  Today I see them … (7 comments)

landlord: Eviction… Don’t Beware, Be Ready - 07/19/08 09:56 AM
We are all aware of the current slump in the real estate market and the economy, and have undoubtedly noticed many area foreclosures and evictions. As a real estate investor, landlord or property manager, your rental property, whether a house, apartment, or building is your source of income. It is therefore … (1 comments)

landlord: Rent Values Unmasked... Why I love RentOMeter.com - 07/17/08 03:43 PM
Need Rent Values? Get On the RentOMeter.com! Ok RentOMeter.com rules and is a perfect example of the power of a Internet mash-up. At it's heart RentOMeter is a data aggregator. It collects data from many sources and presents it in a way the average human can digest, even Real Estate agents.
(1 comments)

landlord: Bergen County NJ Real Estate Market: Should You Rent Your Unsold Home? - 07/11/08 01:13 PM
With Bergen County NJ real estate sales slowing a bit for the summer, many sellers are left wondering if they may be better off renting their home out for the time being until market activity picks back up. If you have already purchased another home, this option is especially attractive as … (1 comments)

landlord: Security with a Security Deposit - 07/09/08 06:49 PM
So you’ve done it – you’ve rented out your property to the perfect tenants. Now, all there is left to do is hand over the keys, and collect the first month’s rent – wrong! Not only should a landlord collect the first month’s rent, but also a security deposit.
A … (3 comments)

landlord: Working With Mortgage Companies With Repossessed Property (REO) by Ralph Maupin - 07/06/08 08:23 AM
 
Working With Lenders
With Repossessed Property 
General
Every lender will, at one time or another, take property back due to non-payment. Most banks and mortgage companies refer to these properties as Real Estate Owned or REO’s. In this next section, I would like to discuss purchasing property from … (0 comments)

landlord: Investor Purchase Agreements - 07/06/08 07:47 AM
Purchase Agreements Sample purchase agreements along with addendums are available for free at:  http//:www.DetroitInvestmenthomes.com A note about addendums: when I started in this business, I used long complicated addendums with all types of clauses to protect me. Over time, I learned that there are only a few basic clauses needed. … (0 comments)

landlord: Kinds Of Properties - 07/06/08 06:34 AM

    There are several categories of real estate available for an investor. The easiest for a beginning investor to understand and participate in is the single-family home.
Why?
1.     Home ownership in America is approaching 70%.
2.   They are in the highest demand.
3.    They sell quicker than other kinds … (1 comments)

landlord: Mobile/Eastern Shore AL Real Estate Market: Should You Rent Your Unsold Home? - 07/03/08 12:59 PM
In the current real estate market, many potential home sellers are wondering if it they should rent out their homes rather than try to carry two mortgages while waiting for one home to sell.  Check out my latest blog article to read about the pros and cons of renting out your … (0 comments)

landlord: LANDLORDS THIS IS YOUR SOLUTION - 06/27/08 05:48 PM
Landlords are you feeling the market pinch? Has your property been on the market for sale and it just hasn't gone anywhere? We all know that the sales market has been slow but why not rent your property until you sell? Why let your property sit empty for so long. … (0 comments)

landlord: Things to consider before renting your home out... - 06/26/08 12:31 AM
I had a consultation with a seller this week.  She has lived in her home 5 years.  She refinanced one time and the equity she took out allowed her to be a stay home mom while her babies were small.  Now the family has an opporunity to move into a family … (5 comments)

landlord: Chicago Property 40k EQUITY! ALREADY HAS TENANT PAYING $1,200 A MONTH, NO LEASE - 06/25/08 04:14 PM
753 Broadway North Chicago, IL> 60064
10 Rooms
5 beds
2 baths
Brick exterior
Good condition
Tenant paying $1,200 a month right now.
 
Worth 165K Asking for 125k
 
 
I have appraisal for this property, will send upon request.
 
Contact me whenever:
 
773-655-4768
Rjcidproperties@gmail.com
 
(0 comments)

landlord: Accountability - Holding Tenants Accountable - 06/22/08 12:51 PM
As soon as a tenant problem is brought to the attention of the landlord, they need to be made accountable.  By holding the tenant accountable for their actions, you decrease the chance of them becoming a problem tenant.  In doing so, you must inform your tenant when their conduct is inapporpriate be it … (0 comments)

landlord: New Tax Portability in Florida - 06/09/08 09:56 PM
I'm excited to be attending a training at our office on the new Tax portability laws in Florida. Truth be known, this will be the second training I've been to on the topic but you never know when someone will add that certain something, that nugget of info that makes a … (2 comments)

landlord: Find Out What Your Landlord Doesn't Want YOU to Know!! - 06/06/08 09:21 AM
Find Out What Your Landlord DOESN'T WANT YOU to KNOW atwww.stoprentingalready.com THREE UNIT IN ALLENTOWN. HOUSE NEAR ELEMENTARY SCHOOL. NEWER FURNACE, PORCH, NEWER KITCHEN (2nd fl.),AND SOME FLOORS. PLUS THERE IS A DETACHED TWO CAR GARAGE THAT HE USES FOR STORAGE OF HIS BELONGINGS. OWNER WILL LOOK AT ALL OFFERS. AVAILABLE … (0 comments)

landlord: Be the Best Landlord! - 06/05/08 12:25 AM
How many times do you hear the horror stories of renters trashin' the place or not paying rent? Often, I know, and it scares so many people out of buying properties as rentals. Well, the fact is, bad news sells, so people talk about all the bad rental stories, so that's … (4 comments)

landlord: When can a tenant withhold part or all of the rent payment? - 06/04/08 11:23 PM
If you have rental property anywhere in the country, you may have a tenant or two who either have mentioned not paying or have already been withholding part or all of the rent because something wasn't fixed in their unit. But when can a tenant actually withhold money from the rent payment?
In … (16 comments)

landlord: About That Tenant Who REALLY NEEDS To Rent Quickly.... - 05/31/08 11:09 PM
    DON'T be a rush to rent to an impatient tenant. I've been there, done that and got BURNED! Take your time as a landlord and evaluate the tenant. Thoroughly! 1)      Get rental references. 2)      Verify those references 3)      Determine that your benchmark criteria for new tenants in terms of … (14 comments)

landlord: Colorado Springs Housing Market - 05/28/08 02:48 PM
While inventory is still at nearly record highs, there is good activity in the market here.  People are shopping and shoppers are buying.  The bad news for sellers is, buyers are getting their asking price and terms while sellers are paying the buyers' closing costs!  Confidence among buyers is not nearly … (4 comments)

landlord: Affordability of Rental Housing ... is Alarming! - 05/27/08 09:18 AM
News about millions of homeowners losing their homes to foreclosure have been all over the news lately, but the outlook for renters is also alarming. According to a study by the National Low Income Housing Coalition, even rental housing is too expensive for the vast majority of working Americans. The problem … (4 comments)

landlord: FORECLOSE and Rent for the next 5 YEARS! - 05/23/08 02:19 PM
       Everyone in the free world with a radio, TV, newspaper, neighbor, or internet connection knows that foreclosures are at all time high across this great land of ours.  What few people understand is what affecting this has on us a community.  Sure everyone knows that banks and mortgage lenders have … (3 comments)

landlord: Professional Office Space and Monmouth County Real Estate: Colts Neck, Little Silver, Red Bank, Shrewsbury, Tinton Falls - 05/21/08 02:42 PM
ANDREW J. LENZA REALTY represents both tenants and landlords of Professional Office Space in the Middlesex, Monmouth and Ocean County areas.
Lately we've enjoyed success representing financial companies like hedge funds, advisors and NASDAQ broker-dealers relocating from Manhattan into the Monmouth County area. We are active in the Red Bank, Shrewsbury, … (5 comments)

landlord: Don't get 'Fooled' by Home Improvement Scams - 05/20/08 08:22 PM
This article was in my SRES materials and I wanted to share it with EVERYONE. It really doesn't matter that it is from over a month ago - I feel that it still applies and is very important.
-----------------------------
RISMEDIA, March 27, 2008-”April Fool’s!” Many people have heard that oh-so-familiar saying … (4 comments)

landlord: Helpful Tips for New Landlords....and Landladies - 05/16/08 07:12 PM

As you venture into to the world of landlord / investor, here are a few important tips to consider:
 1)      Determine your target tenant - market your rental property to that client, be mindful of fair housing legalities
2)      Consider Section 8 or HOC tenant, the benefits are that you … (0 comments)

landlord: You need leverage in the marketplace - 05/16/08 10:38 AM
  I can't tell you the number of company executives who negotiate their lease themselves and think they've gotten a good deal. Landlord agents sometimes make the tenants feel like they are their friends and working in their best interests, but a little common sense will tell you that it's their … (0 comments)

landlord: Tip for part time Landlords. - 05/15/08 05:25 PM
Home prices are low and demand for rentals is high. If you have considered owning rental property now may be a good time to buy. If you are busy and do not want to deal with tenants you can hire a management company. They can advertise and find tenants and prepare … (2 comments)

landlord: Landlords - 05/14/08 07:06 PM
Many landlords believe that they cannot reject any applicant for any reason, that they have to accept the first one to come along with the money or risk the grief of a lawsuit or Fair Housing complaint. Not so. There are numerous legitimate, businesslike reasons to reject a prospective tenant because … (1 comments)

landlord: Just For Landlords - 05/13/08 09:29 PM
Rent Your Home or Investment Property for $395 OR $495 and Save! MLS Only Option 1) List your home for $395, here's what you'll receive: 2) Help You Determine the Rental Price of Your Home 3) Inform You on How to Prepare For Showings 4) Provide an Electronic Lockbox for Controlled … (0 comments)

landlord: "I THINK WE ARE GOING TO RENT OUT OUR HOME" - 05/09/08 11:21 AM
"I think we are going to rent our home for a year," said my prospect about 5 minutes ago. "Really, why are you going to do that?" I asked. "Because we won't be able to get full value with the market today," he responded. Hmmm.  Very interesting.  Full value??  I always thought … (8 comments)

landlord: The New Landlord-Is it the answer? - 05/08/08 06:02 PM
There is not a doubt across the nation, it is a buyers market. Foreclosures are at an all time high and more and more homeowners are trying to find creative ways to make sure they can hold on to there home.  But what about homeowners caught in a flaccid market where … (1 comments)

landlord: The Reluctant Landlord - 05/07/08 12:11 PM

The current market is creating a large class of landlords known as Reluctant Landlords.  These are landlords that would prefer to sell their property, but due to market conditions, cannot.  Most live in their property and must move due to a job transfer.  The tax laws allow them to rent the … (8 comments)

landlord: You Be The Judge - 05/05/08 12:58 AM
The Case:  A tenant has leased a house and is responsible for doing the yard work. 
 While mowing the yard, the mower kicks up a rock and breaks the glass in the glass patio slider door. 
                                               
It is a $450.00 repair.  The tenant wants the owner to pay, the owner wants the … (19 comments)

landlord: Renting Monmouth County Real Estate: Chapter 1 - 05/01/08 10:14 AM
What happens when relatives inherit property? What's the next step?
Some heirs decide to sell property through an estate sale. Others enter the wonderful world of Property Management and become landlords.
In the current adverse market it may benefit heirs to rent rather than sell. Who knows when the Monmouth County real … (2 comments)

landlord: The Good, The Bad, And The Ugly Of Being A Landlord... - 04/29/08 01:11 PM
The Good, The Bad, And The Ugly Of Being A Landlord...
I will present here the good sides, as well as the bad sides of being a private landlord. Consider them some useful tips for those who want to engage in a real estate activity and develop a rental business.
Most of … (0 comments)

landlord: Landlording - Ten Things to Be Aware of! Numbers 7 - 10 - 04/29/08 10:07 AM
7. Have your lawyer prepare your rental contract package.
There are professional tenants that specialize in ripping off landlords based on loop holes in contracts, missing addendums, handling of monies, wording in the contracts, etc.  There are lawyers that specialize in protecting tenants from being evicted improperly.  Things you should be aware … (2 comments)

landlord: Find a notary to witness or notarize any document - 04/27/08 03:53 AM
Our notaries accept notarial assignments for any documents related to the below life related matters.Annulments Assignment of Personal Property Bankruptcy Child Support  Civil Pleadings & Discovery Collection Matters Conservatorships Contract Preparation Corporations Deeds Divorce and other "Family law" matters including but not limited to: Child Support Agreement, Child Custody Marital Settlement Agreements, … (0 comments)

landlord: RD House Real Estate & Property Management likes to ask questions? Why you should consider Professional Property Management Call we'll show you (206) 728-6063 - 04/26/08 07:50 PM
RD House Real Estate & Property Management Likes to ask questions? Why you should consider Professional Property Management call US we'll show you (206) 728-6063 Location: Seattle, WA If you own a home or a condominium and are trying to rent it out by yourself, I m sure you have some … (0 comments)

landlord: Landlording - Ten Things to Be Aware of! Numbers 1 - 3 - 04/25/08 10:32 AM
Never hand over the keys to the property until tenant provides proof of utility connection (electricity & water). Why?• Many times ROOKIE Landlords will connect electricity and water to their properties to perform maintenance in-between renters.  The water and electricity must be working for Section 8 or HUD inspections, an insurance … (3 comments)

landlord: Evicting non-paying residents * don't forget $$$ for the rest of their lease!!! - 04/23/08 07:12 PM
Up until a few years ago, Virginia had one of the lowest Small Claims court limits  * $2,500...then the VA legislature upped the limit to $5,000 and VA landlords are slowly educating themselves on how to use this court to their advantage....shortly after the increase, I had an eviction of a … (2 comments)

landlord: 10 Tips For New Landlords - 04/23/08 03:52 PM
1. Start small. The ideal starter rental is your own house because you know the condition of the property. Try one rental house and see if you like it and can handle it before buying a multi-unit building.2. Rent your house unfurnished. Provide only a stove, refrigerator and washer-dryer hookups.3. Do … (0 comments)

landlord: Do It Yourself Tenant Screening - 04/23/08 02:07 PM
So, you managed to finally find a tenant for your rental. Congratulations - only thing left is to hand over the keys and then it is just smooth sailing from there, right? For some, that is the extent of their tenant qualification - tenant seemed nice and had a prefilled lease ready for … (5 comments)

landlord: Do It Yourself Tenant Screening - 04/23/08 02:07 PM
So, you managed to finally find a tenant for your rental. Congratulations - only thing left is to hand over the keys and then it is just smooth sailing from there, right? For some, that is the extent of their tenant qualification - tenant seemed nice and had a prefilled lease ready for … (2 comments)

landlord: Florida Landlord Call to Action - 04/22/08 06:50 AM
I woke up this morning to find that our State Legislators have decided to raise certain fees instead of taxes (Isn't this still a tax increase? but i digress). If you are a landlord you need to take action this morning. The State Senate and House have increased the Eviction Fee … (3 comments)

landlord: Pros & Cons of allowing pets in rental properties - 04/21/08 02:24 PM
Making the decision to allow pets in residential rental properties should be not be taken lightly. As a landlord you may be taking on additional costs, responsibility and liability by allowing pets. However, you may also benefit from decreased turnover and a larger rental pool.
Here are few things that investors and/or landlords should consider before determining if they … (7 comments)

landlord: Tenant "landlord/nanny" cams....they are HERE!!! - 04/18/08 07:51 PM
www.foxcarolina.com/news/15920768/detail.html
This has been a concern of mine for several years as landlords discuss having cameras in common hallways or directed at their rental property from off the property....I caution our service people to be mindful of their actions in the tenants' home when the tenant is not there * no smoking, no … (3 comments)

landlord: Notice to Landlords - 04/17/08 04:51 PM
Due to the high amounts of shortsale's and foreclosures, I thought I would point out to landlords that Rent Skimming is illegal.
Source:http://www.legalforeclosures.org/html/rent_skimming.html
California Illegal "Rent skimming"
CIVIL CODE SECTION 890-894
890. (a) (1) "Rent skimming" means using revenue received from the rental of a parcel of residential real property at any time during the … (0 comments)

landlord: I NEED YOUR HELP ACTIVE RAIN. WHAT ARE MY RIGHTS? - 04/12/08 07:04 AM
It's 6:36 AM.  Saturday.  Naperville.  Illinois.  It's raining and very raw outside.I have been up for a little over an hour.  I am having my first sips of coffee between key strokes.And I have some questions.As I type, I am currently 7 days late on our rent for our home.  I have … (18 comments)

landlord: FHA "Kiddie Condo" - 04/11/08 06:44 PM
Now is The Time... To Invest In Your Child's Future The FHA Lending Limit is currently $271,050 in the Albuquerque Metro. For less than $200,000, you could invest in Residential Real Estate for your Child's Future. If you have kids heading to college in the next 2 years, why not buy the … (0 comments)

landlord: Property Manager Liability Protection - 04/10/08 10:26 PM
For those of you in the property management business it may have occurred to you that you should have some liability protection against any claims that may arise in the many homes/apartments that you manage for often absent property owners.  If you have ever tried to have the owner add you … (0 comments)

landlord: Remember, you might only have 1/2 the story... - 04/08/08 11:55 AM
I have a story about a couple who was renting.  They received a knock on the door and were told to vacate the premises, because the home had been foreclosed upon.  The lady who was at the door looked at the tenants as if it was their fault.  The couple told her … (6 comments)

landlord: I'm GLAD I charge for rental/income verifications..... - 04/06/08 07:13 AM
Having just read a post on the BADLANDLORDS website where an ex-tenant wants to file a fair housing complaint against their former landlord for providing a bad/inaccurate reference to their new landlord, I am glad I charge departing residents a small fee * equal to my credit check fee * for … (4 comments)

landlord: How would you like to pay a "non-refundable deposit"? - 04/03/08 08:54 PM
How would you like to pay a "non-refundable deposit"?  
Hi Everyone,
Let's talk about "non-refundable deposits" for a minute? What? Non-refundable deposits? If you are a property manager, like me, I hope your heartbeat is going up and you are ready to tell the person who said that that they are full of...! … (4 comments)

landlord: Types of Leases - 04/02/08 06:01 PM
The type of leases you give as well as the clauses contained can make a significant impact on your cash flow.  Here are some common types of leases:Triple Net (NNN) Lease.  A triple net lease is one where the tenants pay for your operating expenses, such as your taxes and common … (2 comments)

landlord: Selecting the Right Tenants - 04/02/08 05:59 PM
One of the biggest mistakes landlords make in leasing out their building is being too desperate in the attempt to lease out the building.  When the building sits vacant and there is a mortgage payment coming, it is tempting to lease out the space to whoever would come along.  However, time … (1 comments)

landlord: GET HERE NOW - YOUR HOUSE IS ON FIRE! - 04/02/08 10:52 AM
 You know often times I have said that I was going to write a book of all my memoirs in being a Landlord.  Some days we laugh and other days we just feel like crying.  But, for the most part, I love providing good, clean, affordable homes for good, decent hardworking … (4 comments)

landlord: True Story. Landlord Has Bad Tenant, Not Paying, Needing Eviction. Used Chainsaw. - 03/28/08 10:52 AM
     Don't try this at home kids.  Actually, don't ever try this method to remove a bad, non paying / high damage tenant.  A home owner decided they were not going to wait for the process of eviction to be served and the slow wheels of justice to turn.  The renter … (10 comments)

landlord: Owner Discovers Home Trashed by Boozing Renter - 03/26/08 10:04 AM
To help bring in some extra dough to pay for home amenities and property taxes, I have a couple of friends who have chosen to convert the lower level of their homes into garden apartments and rent them out. They've all shared similar stories of getting the 4 a.m. phone call … (1 comments)

landlord: Charming 4 Bedroom Rental in Capitol Heights - 03/21/08 07:36 PM
(0 comments)

landlord: Court gives a victory for rental property owners - 03/21/08 08:50 AM
Property owners received a major victory yesterday when a Florida circuit court ruled against the City of Venice (in southwest Florida).  The city was trying to place a ban on short-term rentals in the city limits.  The courts ruled that this was a taking under the 5th amendment to the U.S. … (2 comments)

landlord: What You Need to Know Before Buying Residential Real Estate for Rental - 03/21/08 02:08 AM
When buying real estate for residential rental, you need to know:A.  Cost of maintenance and anticipated upkeep.  The owner landlord is responsible for maintaining the property.  If you hire a maintenance man or property manager, the charge would be between 10 to 20 percent of gross revenue.B.  Know of laws affecting … (0 comments)

landlord: Matchmaker, Matchmaker--The Delicate Task of Matching Landlord and Tenant - 03/19/08 10:01 AM
               The (Rainy) View from a Queens Storefront OfficeThanks to the tireless work of several of my colleagues, we now have a good-sized roster of apartment rentals.  While I have not been to any of these apartments myself, from their pictures I sense that the majority of these offerings are well-maintained, … (0 comments)

landlord: Ways to Save for A Downpayment: Part 1 - 03/17/08 08:54 PM
As downpayments have become the new accessory to home loans next to having par stellar credit, serious home buyers will likely have to bring a downpayment in order to meet lenders criteria.
One way to save cash for a downpayment is to increase your income. Getting a boarder/roommate/tenant is an easy to … (5 comments)

landlord: Belle Isle passes new rental property ordinance - 03/10/08 04:47 PM
The City of Belle Isle, Florida recently passed a new rental licensing ordinance as of 3/3/08.  The actual ordinance can be found online at this link.     The new ordinance # is 08-03.  It is not nearly as painful as the one passed by Mount Dora recently, but it is still cumbersome.  Basically what … (1 comments)

landlord: My journey and the outcome on this rehab was contrary to what I intended. - 03/04/08 09:36 AM
My plans for my first rehab on a REO property that I bought, was to turn the property over quickly. simply because I wanted to build some cushion.  My journey and the outcome on this rehab was contrary to what I intended.I needed to get the cash immediately rather than later.  … (2 comments)

landlord: How to Start Making MONEY with Your Rental Property - 03/01/08 07:38 PM
My Rental Property Isn't Making Money and I've Had Nothing but Trouble, Why?
Maybe you should be thinking differently...
"Why should I spend a lot of money on my rental property?", "My Tenants are going to beat the heck out of it anyway" --- EXACTLY!
It may be true that your … (4 comments)

landlord: Florida property tax exemption deadlines are approaching fast - 02/27/08 09:39 AM
Remember, 2 important deadlines are looming for property owners.      The big one is March 3, 2008.  That is the last day to claim your homestead exemption.  If you bought a new homestead in 2007, or if you sold your old homestead in 2007 and replaced it with a new homestead … (0 comments)

landlord: New Jersey Developing Overcrowding Legislation Effecting Landlords and Tenants - 02/22/08 11:26 PM
The following news relase was received from our state Realtor association, updating it's members on the status of a New Jersey state bill that if passed will directly impact landlords and tenants. The question is still, how forceful it will be and in what form?...On February 14, 2008, the New Jersey Senate Community … (0 comments)

landlord: Fine the Landlord $5,000 for Overcrowded Units in NJ - 02/22/08 05:11 PM
The New Jersey State Senators have introduced a bill S164 and the NJ State Assembly is considering a similar measure A1703 - Authorizing municipalities to pass ordinances aimed at fining landlords for having overcrowded rental units.Initially, the municipalities could fine the landlord - usually a mom and pop operation - $2,500, and $5,000 for any subsequent … (6 comments)

landlord: Woodland Hills California Real Estate - SouthLand Home Sales at a New Low - 02/16/08 06:25 PM
 Woodland Hills California Real Estate - Southland home sales at a new low - Only 9,983 houses and condos were sold in six counties last month, the least in 20 years. Low interest rates, falling prices and promises of government relief were not enough to slow the pace of Southern California … (1 comments)

landlord: Is this the latest big issue in LEASING? Have you experienced this??? - 02/16/08 04:48 PM
I just returned home from meeting some prospective new tenants at a home I represent.  A very nice couple, put in a very unfortunate situation.They have been leasing a home for between 2 1/2 and 3 years, making timely payments.  According to them, the landlord quit making the payments on the note, … (12 comments)

landlord: Disclosing Toxic Mold in Home for Lease - 02/15/08 12:24 PM
As an Agent, one of the things I hear a lot is “Disclose, Disclose, Disclose”.  This applies whether you are selling your home or renting it out.  Whether you are a landlord or an agent representing a landlord, you have to disclose everything that you have actual knowledge about that … (1 comments)

landlord: Kansas City Just Decided to Screw Landlords and Homeowners, Again! - 01/31/08 10:56 PM
Say you live next door to Mrs. Kravitz and she likes to call the city on you all the time. Say you own a rental house and the tenant doesn't use a grass trimmer around the mail box, leaving some tall grass there.
BAM! $200.00! Do not pass go!
That's what is … (3 comments)

landlord: LLC's in Missouri are required to have a local contact for their properties.... What? - 01/24/08 08:36 PM
We have all read about the licensing or registration of landlords and investors in many cities across the country. Kansas City, MO recently added a registration process. The form is about 8 pages long and just added yet another layer of bureaucracy to our already overtaxed real estate market here.
 But did … (2 comments)

landlord: Potential and Current Landlords, you may need a license to rent - 01/22/08 10:20 PM
Changes have been proposed for rental properties in Savannah. Alderman Tony Thomas wants a license to be imposed on rental properties. The city can then regulate the maintenance on these rental properties. If a property is not properly maintained, the city can revoke the rental license. The city has dealt with … (3 comments)

landlord: The Rental Game: What Are the Rules? - 01/22/08 12:55 PM
by M. Anthony Carr
What do you do when the dishwasher has spewed soapy water across the kitchen floor and leaked down on your neighbor below? Who's responsible? The landlord or the tenant? Across the country, tenant law differs as much as the geography. Nevertheless, some principles remain the same regardless of … (0 comments)

landlord: Assisting Seniors In Illinois Communities - 01/20/08 07:29 PM
Lieutenant Chris Van Dyke of the Riverdale Fire Department attended the first Riverdale Landlord meeting of 2008 January 17th, and gave property owners startling facts!  At age 65, older adults are twice as likely to be killed or injured by fires or falls compared to the population at large and their population is increasing rapidly!
In Illinois, … (11 comments)

landlord: Questions Regarding “Rent to Own” - 01/19/08 09:25 AM
Right out the gate I will say that I have zero experience in the rent to own market and do not have any first hand experience to draw from, for this article.  However, I have recently been asked several times about a “rent to own” situation, which has required me to … (11 comments)

landlord: Small Town Houlton Maine Has 560 Apartment Rentals With 2% Vacancy Rate! - 01/12/08 09:55 AM
     In some real estate markets, you start out with a home with apartment income from an extra unit or two to leap into the home ownership arena.  Or you forget it, content to rent yourself for a time to save money in your entry level job unless you have the … (0 comments)

landlord: Investors - Be Careful Out There! - 01/02/08 07:18 PM
This afternoon, I dropped off an executed purchase agreement to an area lender who was working with a buyer. While there, I took a few minutes to compare notes with the loan officer. We talked about the housing market in general, the tightening of requirements by underwriters, and our prospects of … (0 comments)

landlord: Be careful when showing homes – Lesson 103? - 01/02/08 12:49 PM
This is a scary one folks and something I never would have thought of until it happened to me yesterday. This was a vacant home in a great neighborhood, but we didn't know the history of the home or even why it was vacant until later.What was the history of this … (17 comments)

landlord: Landlords Have Rights When Tenants Break Lease - 12/17/07 10:10 PM
QUESTION:
I am a real estate investor in the state of Colorado that purchases single family homes for rent. My question concerns my growing frustration over tenants that break their lease. Typically, we only make a lease for one year periods. The issue typically arises when the tenant finds a home and … (5 comments)

landlord: Ontario - Rent Increase Guideline for 2008 - 12/14/07 08:53 AM
Under the new Residential Tenancies Act, the rent increase guideline for rent increases between January 1, 2008 and December 31, 2008 will be 1.4% -- the lowest in the history of rent regulation in Ontario -- as a result of now being linked to the Ontario Consumer Price Index. (Historically, the … (0 comments)

landlord: Lighthouse Landlords - this Monday is game night - 12/09/07 10:14 AM
This month's Lighthouse Landlord meeting is Monday 12/10 from 6:30pm-9:00pm at the RDV Sportsplex in Maitland, FL. This month in addition to the Christmas celebration we will be playing various games including Robert Kiyosaki's Cashflow game and a new challenge, The Millionaire Maker.  Here is the December Newsletter.  The Lighthouse is a … (0 comments)

landlord: Free Real Estate? How can that be? - 12/07/07 01:27 PM
Did you know that Real Estate can be free?  How?  Selecting a property with a potential rental income equal to or in excess of the monthly mortgage.  Tada!  Your tenants buy the place for you.  It's brillant!  You get the tax advantages.  You get the future market driven appreciation.  You leverage … (1 comments)

landlord: Letters to a Landord... (just for fun:o) - 12/03/07 06:54 PM
Excerpts from actual letters sent to landlords...The toilet is blocked and we cannot bathe the children until it is cleared. I want some repairs done to my stove as it has backfires and burnt my knob off. This is to let you know that there is a smell coming from the … (10 comments)

landlord: So, you want to Invest in Real Estate but not sure about Finding Good Tenants... - 12/03/07 10:45 AM
Yesterday I was out with a client who is looking to buy up 2 or 3 properties before the end of the year, utilizing the strategy I outlined in my recent article, By Far, Today is the VERY BEST DAY of the Year To Sell Real Estate!The big question my client … (2 comments)

landlord: Top 3 Tips for Dealing With Your Landlord - 11/29/07 01:42 PM
 Tip #1:  Know your rights.... and your responsibilities.  Before you call your landlord complaining for the 3rd time this week, review your lease.  It might turn out that you are actually the one responsible for changing the A/C filters!Tip #2:  Don't threaten to stop paying rent.  Once again, review your lease.  … (0 comments)

landlord: RENTERS FEELING THE REAL ESTATE PAIN - 11/28/07 01:03 PM
Many renters are being face with a situation that was unpredictable in their life.  Let's just review the picture:  A family found a perfect home to rent, the landlord requires for them to pay the 3 months (First month, Last month and security deposit), their background check is conducted and association … (3 comments)

 
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