If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! Tips on Setting Rent & Drawing Up Lease – Cover all bases when extending tenant’s lease Q: Almost two years ago I bought a condominium unit in my area as an investment. My tenant has been pretty good about paying the [...]
Continue reading...Sunday, August 1, 2010
When renters become buyers Q: We’ve been renting a single-family home that we would like to purchase if the owner decides to sell. Our lease is up for renewal. Can we use a lease clause to put us in the best position to purchase if the property goes on the market? –Brad H. A: Like you, lots [...]
Continue reading...Wednesday, July 28, 2010
Can Landlords Go After Lease Guarantors? Q: My aunt and uncle agreed to sign as guarantors when my wife and I signed our lease last year. When the lease ended, we stayed on, paying rent but without signing a new lease. After a few months, the landlord and we crossed out the beginning and ending dates [...]
Continue reading...Wednesday, July 21, 2010
What Happens After the Lease Expires? Q: I live in a townhouse and had a lease for the first year. When it expired two years ago, I simply stayed here and continued to pay the rent, as a month-to-month tenant. Management is now demanding that I sign a yearlong lease, and if I refuse, I’ll have [...]
Continue reading...Wednesday, July 7, 2010
Can landlord deduct half of replacement cost from deposit? Q: My tenants recently moved out after living in my rental house for five years. I found out that they ruined my kitchen’s granite countertops due to oil stains that cannot be removed. Can I deduct 50 percent of my replacemeefundnt cost from their security deposit? A: Typically [...]
Continue reading...Thursday, March 25, 2010
What Do Landlords Consider Normal Wear And Tear? It depends on the landlord, and everyone has a different approach. Personally, I charge my tenants for anything that is in worse shape than when they moved in. Of course, the carpets will get older,but they better not get dirtier, as in “spots” and “stains”! Same thing [...]
Continue reading...Wednesday, October 21, 2009
Landlord tenant relationship can be difficult or easy – it’s totally up to you, the landlord. One way to make it easy on yourself is to set expectations up front. As I had mentioned in one of my comments, I manage my own single family homes and condos within a 400 mile radius. Yes, you [...]
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Saturday, August 7, 2010
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