Articles of Interest
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By Motley Fool Staff June 5, 2007
So you want to be a landlord? You're not alone...
You could be attracted by the idea of having money just roll in from tenants every month. We spoke with a bunch of people who have owned rental property for many years, and those conversations open ...
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Q: We rent a cottage behind our landlord's house. We have two pit bull dogs that are there with the landlord's consent, and we have a lease that's up in a few months.
Although the dogs have caused no problems, the landlord has told us that he's "not comfortable" ...
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Tough economic times affect every consumer that includes tenants and it has become quite evident recently with the global financial meltdown that many consumers/tenants have overspent and incurred more debt than they are able to handle financially.
So when consumers default on their financ ...
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Q: The rental property I'm thinking of living in has offered me an alternative to a security deposit. I pay for a bond, whose premium is less than a full security deposit, but even if I leave owing no rent and no damage, I don't get the money back! Isn't this a violation of the security de ...
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Employer Willing to Buy Out Tenant’s Lease
by Robert Griswold, Inman NewsQ: I have a tenant who recently signed a two-year lease for my rental home. She just contacted me indicating that she has been approached by her employer about transfe ...
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Q: I have a friend who has been renting for two years under successive one-year leases, and now his landlord is threatening to evict him if he does not agree to sign a third one-year lease (my friend wants to go month-to-month). I thought that in some states it is illegal to refuse a tenan ...
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Q: I have a problem with the apartment building next door. All eight apartments are full of Section 8 tenants who are breeding and raising pit bulls. This activity is causing major problems for me, with dog waste in my yard. When I complained, the housing authorities told me they can do no ...
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Q: I was rejected by a landlord after I gave him a tenant screening fee and went through two interviews. I later learned that the owner was looking for someone who would commit to a two-year lease (I can't do that). Had I known about this requirement, I wouldn't have bothered -- and wouldn ...
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Introduction
Ken Roth is a second-generation landlord, a real estate attorney and a former leasing agent. He's been letting properties and dealing with the headaches that inevitably result for over 20 years. Test your knowledge of landlord-tenant relations with the SLAT- ...
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Q: I own my home and have been recently widowed. I would like to rent an extra bedroom to a roomer, who will share the kitchen, living room and other common areas of the house. I want to make sure that when I advertise and interview applicants, I don't set myself up for a fair housing clai ...
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Q: One unit in our fourplex has a bedbug problem. The landlord hired an exterminator, who found a bug in two other units, so he recommends treating the entire building. We're going to have to take time off from work to prepare our apartment, then spend a night in a motel. We didn't cause t ...
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If you're in the rental housing business for long, you'll hear about six-figure or larger legal awards against rental property owners for violating fair-housing laws. Problems often arise when investment property owners are unaware that their policies or practices are discriminatory. Families, ch ...
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Q: I work at home and regularly receive UPS deliveries of material. Last week, the deliveryman slipped on the front stairs, hurting himself. Those stairs have been in bad shape for years, and I've asked for repairs, but to no avail. I imagine that the delivery service will go after the pro ...
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Q: We're looking for a place to rent in a tight rental market, and have filled out several rental applications. Each of them asks for a credit-check fee, from $25 to $35, which covers the cost to order a credit report.
We have our own copies of our report, from each of the ...
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Q: We rent a single-family home from an individual who collected two months' rent -- $9,000 -- as a deposit. We've gotten several letters for her from a bank, and last week a representative from the bank arrived with some legal papers for the owner and asked us to sign for them.
On June 1st/2008 new Equifax Policy stipulates that all End Users (Landlords) must have a site inspection of their Office whether home based or not by a Certified Inspector, (generally a Realtor in your area) to determine if the Office, meets the criteria that has been set out as noted in the ...
It should be noted that this scam is running all over North America and likely Europe and other parts of the world as most Nigerian scams do. People need to be aware of these types of scams.
When you read the email from the alleged landlord it does not even sound reasonable, never mind the ...
Delinquent Tenant habits: what they do
Owning or managing a rental property can be a full time job and a full time headache if your landlord business does not have a fraud prevention program, particularly if you get a tenant that has previous ...
A consumer reporting agency that failed to properly screen prospective customers and, as a result, sold at least 318 credit reports to identity thieves, has agreed to settle Federal Trade Commission charges that it violated federal law. Under the settlement, the company and its principal must ens ...
Tenant screening could cost you rental- by Claes Bell
Preface to article: Read the article and the comments below by Marv Steier
The process of ...
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