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Privacy PolicyShould You Refinance Now? So, your current rental property loan has an interest rate of 8 percent and you think that you can now refinance your property at 7 percent. How do you decide whether you should refinance now, taking into account loan costs, the income tax considerations, and the time it will take? If […]
We provide here a few questions that have been posted in the Community Forums and our answers to them. * * * * * * Q1 My rental house was broken-into while the tenant was on a 2-week away vacation. She then moved out afterwards, 6 months ahead of the specified time in signed lease […]
We provide here a few questions that have been posted in the Community Forums and our answers to them. * * * * * * Q1 The carport of my rental house collapsed during a big wind storm and the tenant expects me to pay for repair of his two cars which were damaged. What […]
Reasons (Excuses) for Not Doing a Thorough Tenant Screening Without a doubt, the biggest headaches that a landlord can experience come from problem tenants. One bad tenant in a rental unit can cost much more than all costs associated with a typical vacancy. Inadequate tenant screening will likely result in having tenants who pay late, […]
A Condo Ownership Concern Many residential properties are governed by a Home Owner Association (HOA). This can vary from an association that only maintains a small greenbelt area to an association that is responsible for every detail of a development including even the exterior walls and roofs of the individual units. While we will use […]
We provide here a few questions that have been posted in the Community Forums and our answers to them. * * * * * * Q1 My tenant is managing rental properties from my duplex where I occupy the other unit, resulting in the tenants visiting my property to pay their rents. Can I prohibit […]
We provide here a few questions that have been posted in the Community Forums and our answers to them. * * * * * * Q1 I received a deposit to hold a unit for a new tenant. The tenant then called a few days before scheduled move-in date to tell me he had changed […]
Just Say No In filling vacancies, there are times when the best business decision you can make is to say NO. Saying “no” can be a difficult decision for some landlords either because they desperately need to fill the vacancy or they get caught in the emotion of the applicant’s situation. There are also those […]
Single-Member LLC Risk With every state having adopted the LLC as a limited liability business entity over the past couple of decades, the LLC has become the entity of choice not only for operating a business but also for ownership of real estate. However, although once considered a nearly bullet proof shield against lawsuit judgments […]
We provide here a few questions that have been posted in the Community Forums and our answers to them. * * * * * * Q1 I have 3 full-time student applicants for my rental property. They currently have no jobs but parents are co-signing for them. Question: Do I have to have co-signers sign […]
