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5
votes
2answers
66 views

Interest on security deposits paid to landlords, in Michigan?

Does the state of Michigan require landlords to put security deposits in interest bearing financial institutions?
10
votes
1answer
195 views

How to choose a good tenant as a private landlord?

I have 2 rental houses and am sick of the real estate agents providing such bad service. I have changed real estates 3 times over the past 5 years and I have to the conclusion that I am the best ...
8
votes
3answers
154 views

First time landlord looking for software to manage rental properties

I am in the process of purchasing a couple of rental properties, and am completely new to property management. I know there are a few veteran landlords who frequent this site and was hoping to get a ...
1
vote
2answers
116 views

Switching apartments & the correct way to exercise notice period with current landlord?

I'm in the process of signing the contract with another apartment, but the owner of the apartment I currently live in is not responding. I've sent the current owner an email on 6th November and there ...
3
votes
1answer
307 views

How much does a tenant eviction cost in Miami and New York City?

I heard it's easy to evict a tenant that does not pay the rent in US (at least easier than in Italy). I heard in 60 days comes the sheriff and kicks the tenant out of the flat. I suppose the ...
8
votes
4answers
965 views

Landlords: what's the maximum amount of time to allow a guest of tenant to stay in a rental?

As the title says, but with these details: I have a rental unit; this situation has come up with a potential tenant. This tenant has an adult daughter, who, the tenant volunteered, has an unstable ...
5
votes
1answer
179 views

What are the basics of apartment rental finances?

During the last few weeks I have been reading on rental yield and other rental finances questions. I own a property that I have been keeping above the water by putting money into it. The mortgage ...
7
votes
4answers
270 views

What to ask a tenant on a rental application to determine if their income is stable?

I have a residential rental unit standing empty now; the last tenant – the first I'd signed myself since buying the place – turned out bad. Thankfully, not in the tear-the-place-up sense, ...
3
votes
9answers
1k views

Buying a multi-family home to rent part and live in the rest

I currently rent the top floor of a two-family house. Our landlord recently offered to sell the house to us, so I started looking at the cost of mortgages and property taxes in the area. It's my ...
4
votes
3answers
483 views

What things should I ask for in a lease addendum from tenants?

I am renting my home for a short, nonrenewable period. I have a standard lease agreement in hand which I'll use (one example here). It talks about the big issues: payments, security deposits, ...
7
votes
3answers
329 views

Should we use an expected inheritance to invest in a rental property with cash, i.e. no mortgage?

My wife and I will be getting an inheritance soon. There are many ways to invest this money. One thought we had was to take advantage of the down real estate market and buy a house for a rental ...
5
votes
3answers
440 views

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?