 If new to an area, would you recommend buying a home immediately? Or, rent for a while? |
| I am wondering if it's a good move to purchase a home (single family, condo or duplex) when first moving to a new area? Should a person rent for a while before buying? Prices do seem very good ... |
|
 How am I supposed to deal with this housemate? |
| I've been living in a house I moved into one month ago with a great landlord but I just got a new housemate who just moved in. Now before that, I've gotten along with all of the other ... |
|
 Is there a legal way of breaking my lease when I no longer feel safe in my apartment due to multiple break-ins? |
| I have lived in my apartment for almost two years now. In the past 8 months my apartment has been broken into three times. Most recently there were two break-ins in a matter of 52 hours. The burglars ... |
|
 Who Can Help. I'm Running Out of Time!!!? |
| I am trying to avoid a foreclosure on the home I have lived in for 16 years. I might have to sell it on a Short Sale. Are there any condos/town-homes in Oakland County that will rent to people with ... |
|
 To what agency would I report unsafe living conditions in an apartment complex? |
| I live in West Virginia, and the external stairs which lead up to my 3rd level apartment sway and wobble dangerously, and some nails are coming loose. The gruff bastard of a landlord was dismissive ... |
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 REaltors what is the possibility of the Bank accepting this offer,? |
house was listed april 4th for 179,000
reduced to 171,900
then reduced on 5-21-2010 to 166,900
I offered 150,000 cash.
supposedly there are no other ... |
|
 What's the best way for me to find a place to live in this situation? |
I'm 17. In January, I turn 18 and I need to move out of my parent's house then. The thing is that for Fall 2011, I'll be moving to a dorm rooom at university (in the same state).
<... |
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 How to kick renters out in Texas when there's no lease in place? |
| Renters have been living in the house for several years, but we're selling our home and wanting to move back into our rent house (as our primary residence). There hasn't been a lease in ... |
|
 My grandmother's care home has asked for top-up fees. What are my rights? |
| The local authority have refused to pay the increase requested by the care home. The owners are now trying to pass on this increase to the family in the form of top-up fees. We have previously paid ... |
|
 What if i stop paying on my house and...? |
| If i just stop paying my mortgage, then it goes into forclosure, would it be possible to have a relative buy it back for me (presumably a lower price)? Is there any legal issues that i should be ... |
|
 Does anyone know if there are any types of first time home buyer loans out there to repair houses? |
| We're looking to buy a home that needs some work. We were wondering if there were any types of loans out there that would allow us extra $ to fix it up. We know about rural housing already, but ... |
|
 Verbal rent agreement for lease length? |
Hi,
Basically i am in my first year of uni and applied for accomodation to late and ended up having to find a house at the last minute. I ended up in a house that i hadn't seen, and it'... |
|
 Breaking out of our tenancy agreement? |
| My partner and I have lived in a self-contained flat since July 2009. Our landlady, while pleasant and generally cooperative, has been somewhat unreliable - she has often stated she will do things ... |
|
 I need help BADLY! Please...won't someone help me? Please? |
| I have brought this question here to Y!A a couple of times before but apparently no one knows any more than I do. So from making at least ten calls per day to anywhere and everywhere (working in the ... |
|
 I got a notice to vacate my apartment. Help? |
| I got a notice to vacate my apartment in 30 days. Reason: I violated my lease for wanting to sublet my apartment. Is this an eviction? If so, is there anything I can do so it won't affect my ... |
|
 Already moved out and have deposit back? |
| I rented an apartment that was in pretty bad shape last year because I needed a place that would allow my dog. This year once my lease was up I was thrilled to move out. The landlord lives a few ... |
|
 should renters be ware if owner is going through loan modification? |
| me and a friend want to rent a house.....all this is being done through the internet via e-mail. he lives out of town and he says hes going through a loan modification. is there any way to know if he ... |
|
 What happens when you have an accepted off on a house and the house is AS IS and it needs repairs? |
| We are buying a house and we have an accepted offer. It is "78,500 seller pays up to 3% at closing and the house is AS IS condition". Upon inspection we found that the boiler has 2 leaks. ... |
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z | first time landlord renting out a property - what do I need to know/requirements etc? |
I know I need to put some smoke alarms throughout the house and get insurance for buildings
But any other general advice you can give me please? |
 |
 
fitz 1969
|
depends on where the property is...in the US most states have a landlord association.
it's worth the $100 a year charge to be current with the state laws, use their leases, and all office supplies they provide. just smart. most tenants don't have a clue what the law is and when there is a problem a lot of attorneys are not current on landlord tenant law.
by the way, you can never insure the contents of a rental, only the building. tenants need to get renters insurance on their own. otherwise they could burn the place down on you to collect the money. smart law. |
|
mcdonaldsnuggetaustin
|
If you don't do anything else do a background check! Don't rent to family or friends, keep it Landlord and tenant. Don't give in too easy. If you say your going to put them out if they do so in so DO IT! |
|
Christy
|
A must - Learn the LL-tenant laws for your state. Failure to follow the law can be very expensive! Go to the library and get a book on this and read it carefully.
See if you need permits to rent, a certificate of occupancy, a rental inspection, or a LL license. These are local requirements that municipalities sometimes require before you can rent.
Get a rental dwelling policy for your house, not a homeowners policy.
Get good forms - an application, lease, property condition forms, copies of eviction forms. You want to have these on hand before you need them.
Get some books on LLing from the library and educate yourself on the process. Learn how to show the unit to its best, and how to screen applicants properly (like running the background check another poster mentioned). Learn how to handle problems before they occur.
Join a local LL association or a chapter of REIA. The support, knowledge, and information you learn there will pay for the dues. (Plus the dues are deductible as a business expense.)
Research the Section 8 program, HUD, and any other housing aid programs in your area. Know what they are like before you agree to accept them. You may or may not want to consider applicants on these programs. |
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mαskєd lαndlσrd
|
England/Wales
Any gas appliances need to have an annual gas safety check
Any deposits taken need to be protected in a government approved scheme
You need to obtain an energy performance certificate before marketing the property
Read and understand sections 8 & 21 of the 1988 Housing Act - they are the only legal way to evict a tenant.
A tenant doesn't have to leave at the end of their contract if they don't want to
Any soft furnishings must have a safety label
Make sure you have a safety net to pay the mortgage if the tenants stop paying their rent, and to cover periods when the property isn't let.
If you are letting to a single family, you don't HAVE to have the fire alarms (only for HMOs). |
|
WelshLad
 |
Most thing you need to know:
http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/LettingYourHome/index.htm |
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