Should I put my house in a trust or LLC? This is a question we hear a lot from rental property owners, and today we’re discussing the seven common ways to hold title. We’ll also tell you why it matters. Continue reading
DISCLAIMER: Please check with your attorney regarding all matters pertaining to assistance animals. My advice is general in nature and should not be relied upon without checking with your attorney.
An emotional support dog, service animal, or assistance animal mean different things, but they are all protected by law. For the sake of this conversation, I use the term assistance, service, and emotional support animal interchangeably. The most important thing you need to know is that they are not pets. These are animals that work. They provide emotional or additional assistance to people with disabilities. Continue reading
Credit bureaus are implementing some changes that can affect landlords in general and you personally. Transunion got together with Equifax and Experian and they announced a National Consumer Assistance Plan. Basically, they are trying to ensure that their data is as accurate as possible. Continue reading
In today’s market, a properly priced home should rent to a qualified tenant in just a couple of weeks. There is a lot of demand for rental housing right now. There’s been an inflation of prices, and wages are staying flat. So, fewer people can buy, and more people are forced to rent.
What do you do if a tenant destroys your property? This is a common question, especially from first-time landlords. Everyone has the worst case scenario in their minds. Your course of action will depend on the severity of the damage and whether the tenant still lives in your property. Continue reading
What happens if you need to sell your tenant occupied property? Owners sometimes call for help because they need to sell fast, and a tenant is in place. When this happens, you need to understand a few things.
There’s a belief by some in the landlord community that once a tenant gives notice to vacate, you should immediately list the property for rent and start showing it. The idea of course, is you want to limit any vacancy time. After being in this business many years, we have found this is not the best approach. The best approach, is to wait until the current tenant moves out and the property is made rent ready before you show it and I will explain why. Continue reading