 1st time Home buyer, good time to buy? |
| My husband and I are looking into possibly buying a home here sometime soon. I have been told by everyone that this is a buyers market right now. Do you agree? If not, can you please explain? I ... |
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 Is a Rental lease invalid if the Landlord made me sign my not yet married name? |
| I signed a lease 6 months ago on April 30th.. ok.. So my landord made me sign in my married name, even though I wasn't married yet. I got married on May 16th... Does this technically make the ... |
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 Is it really possible to buy repo homes without being an Real Estate agent? |
| How do you go about doing it? I am looking to invest in property but am unsure of how to go about it.... |
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 What to do about noisey neighbors? |
| I live on the top floor of a two story apartment. We're in lease until December. The people in the apartment below us are college students and they have parties aaaaaalllll the time--like every ... |
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 Mortgage co-signers question? |
Hi,
I am ready to buy a home, but I am pretty sure I would need 2 co-signers on the mortgage. Does anyone know if this is possible? Or is it limited to only one co-signer? My credit score ... |
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 What are my options on this situation? |
| Me and my now ex girlfriend bought a house for 105,000 with an FHA loan. we have had it for almost one year. things between me and her have gone sour and she wants to just get out from under the ... |
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 Who ownes a home? the person on tittle or the person on loan? please help!!! |
| I owe a home and some one is about to sue me so, I gave title to a family member. I'm not on tittle no more but i'm on loan. Can they still come after me? please help! need a lawyer advise ... |
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| We own a rental home and the lady who bought the house next door to our rental house wants us to clean an? |
| overspray from the fence stain that we applied to the fence we built the fence around the yard of our rental house. We had the house built in April 07 and stained the fence as soon as it was put up. ... |
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 What is mortgage? |
| what does mortgage on a house ... |
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| Landlord is selling house and we are not on a lease, and they havent said anything to us. What are our rights? |
| I have lived in my apartment since October 15, 2007. When i was looking at the apartment, i told the landlord that i wanted to live there for at least three years. A lease was never made up, so i ... |
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 I need a mortgage for self-employed less than 2 years that would avoid a down-payment and PMI.? |
| I have good credit (over 700), some assests, and have been in the field since Sept. '05. I live in Oklahoma. Any ideas?... |
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 I am the lowest point in my life and was homeless. I found a room to rent 2 mos ago but the landlord is try? |
| ing to come on to me. Should I stay. I am having problems finds another place to live that is just as affordable. Should I forget about price and just look for another place to live,.since the ... |
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 My partner and I are looking to move out. We both have great jobs but no renting experience.? |
Just wondering if anyone had any advice about what some of the things we can do to help our application have more chance of being accepted?
Additional Details
Wow thank you all so much! T... |
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 Where are the best places to own a house in America? and best place for the job economy in america? |
| My husband and I really want to move somewhere warm, we are looking to buy a house under 150,00 where will that money go the farthest? Are there these places near cities that have a strong diverse ... |
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 If your landloard moves and gives you no forwarding address to mail your rent checks what can you do? |
| My landlord moved from the address which he has us mail our rent checks to. He calls a week after I mailed the checks and lets me know he has moved and is wondering where his checks are. He informs ... |
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 Is it legal for a landlord to average the cost of utilities? |
| I just moved into my own condo, and I've been comparing my costs for utilities (gas & water) to what I was paying at my apartment. They were charging me DOUBLE what I'm paying here, ... |
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Amanda R | When is the right time to increase your tenants rent? |
I currently have tenants renting my house. They would of been in the property for a year in January 2008. Is it acceptable to increase the rent by 5% in January?. I have a mortgage on the property. |
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GILKA
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warn your tenants well in advance of your intention and you won't be able to do it until a new tenancy agreement comes into effect anyway |
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Paul S
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give them a few months notice of the proposed increase, just so that if they cant afford the increase, then they have time to find someplace else.
did you stipulate that increases are possible in your orginal contract? maybe if you give them a new one in jan if they accept the increase, you should put in there the periods when rent will increase, however, its not advisable to increase the rent each each. |
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spadezgurl22
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check the rental market in ur area, usually 1.3 to 3% is standard, 5% is a little high, we usually offer a 1 yr at 3% and a 2 yr at 1.5% and we distribute renewals 60 days in advanace so tenants have time to decide and make other arrangements.
take into considerationt he housing market, if they pay on time, are they good tenants, do u wanty to keep them, if u do then give them a small increase, u would rather have good tenants stay than have noone for a whole month and then possibly get new bad tenants who pay late or give u a hard time. |
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MyKidsMom
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I would wait until their current lease is up to increase the rent. That way then they can know it is going up and if they can't afford the increase, they can look for another place to live and you can look for other tenants.
The lease usually says what the rent is and, the legalities and when it expires. If the cost of the rent isnt stated in the lease then you can increase it when you want, but if it is I don't think you can increase until the lease is up. |
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Carol B
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yes they have been there 1 year and would expect a rent increase around then lets hope they can afford it. |
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MrNeutral
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give 30 days notice. i personally don't like to mess up a christmas though. Figure when the easiest time is to rent a house. February?
What is cost of living increase? How much did taxes go up? What is the cost of moving a months rent when they move out? Are they good tenants or pains in the U know what? |
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caveman
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Wait till after the Tax day of April fifteenth so easy records can be kept.. and i'd raise cost of living, 7% after that.. per year increase and write it in furture contacts..cost of living increase of what ever percentage.. |
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GEORGE D
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the lesson must be that the tennancy agreement should include a statement about rent reviews.
after a year would seem reasonable.
but where do u get the figure 5%. My impression is that there is a glut of property to rent and rents are fairly stable.
Just because costs in other areas have gone up dont assume that u can pass it to the tennants. They may walk and you will have an empty property and no rent.
look in estate agents windows and in newspapers to see what is being charged.
Just remember if the tennants go not only will you have no rent for a while but you will have to overhaul decoration/furnishings of house because these will look tired after a year.
and keep checks on boilers and electricity uptodate.
Get a bit business minded about this. Some sort of business plan is useful; other house will need painting and you will have no cash.
The property slump is coming you are in renting for the long haul so get a proper agreement organised and do regular market studies on the market. Your tennants will be checking rents elsewhere. |
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newmexicorealestateforms
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You need to check the rental market around your area and compare your charges to what is available and to what is currently rented. (supply & demand) If you price your self too high you will then lose your tenant and will have to make the whole mortgage payment. I also agree with the other answerer that you should give the renter warning if after your market research shows that you can increase your rent, this will not only allow the renter to begin to look and determine if they want to stay or go but also allow you to begin to advertise contingent upon what the renter decides to do. |
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