Many sellers face a predicament: they cannot sell their homes because after real estate commissions and fees as well as closing costs, there won’t be enough money to pay off the home loan. Many sellers are also stuck in a market with too much competition and no real demand. In cases like these, a lease option, a rent to own opportunity or a lease purchase might work well for you. Ther...

Good property management requires detailed move in inspections. If you allow a tenant to move into your rental home without a detailed inspection, that tenant could damage your property and you won’t be able to document that the property was in good condition at the time of move in. That means you won’t be able to keep any part of their security deposit, because you will have no legal ba...

Today we’re talking about late rent payments, and what you need to remember is this: without a deadline, nothing happens. It is very important to have deadlines when you’re dealing with tenants in your rental property. Setting deadlines with tenants regarding their obligation to pay rent is absolutely necessary. Set a consistent and serious example. Tenants need to know that the late ...

Increasingly, the role of landlord is being played by regular people who happen to own a second property. While rental properties can make great assets, they can also be legal liabilities, especially for self managing landlords who don’t have the time or expertise to devote to the job. In most states, the landlord-tenant laws are complex and often favor the tenant, so it’s important for ...