Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [landlord]

Questions related to the rental of real estate...

4
votes
5answers
590 views

Moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000. I am moving to another city, but don't wish to sell my house, the rental value is £1500. Does it make sense for me to 'cover' the £500?...
1
vote
1answer
184 views

Does it make sense to keep apartment when buying house

5 years ago, my wife and I bought a apartment for 220.000€, taking out a 15 years loan, at 1% Since then, kids happened, and we feel a bit crowded in this apartment. After discussing with a few ...
2
votes
4answers
610 views

Skipping the last rent payment?

I have a landlord who said that I will need to pay another month's rent because I missed informing him of my move out date by 5 days. He wanted a 20 days notice, but I gave him 15 days. Therefore, he ...
0
votes
1answer
104 views

As a landlord Moving into as lodger of the tenant, in UK [complicated scenario] [closed]

I would like to check on one scenario. We've rented out a flat that we own (and we have a residential mortgage on) through an Assured Shorthold Tenancy, via an agent. Now as our situation has ...
2
votes
0answers
169 views

Can my landlord raise my rent for switching to a month-to-month lease?

When I first rented my apartment in Los Angeles 3 years ago, it was not rent-controlled. It had a clause saying my rent would increase by $600 per month if I went month-to-month, with a $600 fee to ...
5
votes
2answers
486 views

Moving out of rental two months early. How can I reduce the remaining rent I have to pay?

Our lease goes from 1/31/17 to 1/31/18. We're closing on a new home next week and don't want anything to do with our current rental (private landlord) as soon after the end of the month as possible. I ...
5
votes
1answer
258 views

Can landlord/property change unit after approval and payment of fees?

My boyfriend and I are currently in the process of moving across the country, about 650 miles. On September 2nd we visited a property in the area we will be moving to and we really liked it. After ...
2
votes
0answers
125 views

what is repayment money for renting lets in UK?

I am almost about to sign a year's worth of tenancy agreement for a house in London. There is 4 weeks rent worth of Deposit and 8 weeks rent worth of Repayment to be paid in the beginning of the ...
31
votes
7answers
7k views

Long Distance Landlording

I hate for this question to be overly general, but I think the problem is that I don't know what I don't know. My wife and I are thinking about becoming a long distance landlord/landlady, but having ...
-1
votes
2answers
337 views

Is this a good way to invest 100K (buy to rent)?

I would like your input on how to best invest 100K€. This is all the money I have and I don't feel comfortable having this much money in my bank account. Now I am living in a student city where rent ...
39
votes
6answers
9k views

Why invest in becoming a landlord?

One of the most recommended ways to invest one's money still is real estate. Sure there are different ways to invest in real estate, but why does it make sense financially to buy property and become a ...
3
votes
2answers
404 views

Second house: buy & sell, or make rental income as landlord

I'm looking into purchasing one or two modest houses (I have the budget for this), both on a mortgage, but renting out one of them. One of these would be a primary residence, and the second an "...
1
vote
1answer
33 views

Landlord Tax Relief Changes UK

I understand that the tax relief for landlords in the U.K. will be affected by the mortgage not being able to offset as an expense of doing business. My question is, can anyone provide an example of ...
6
votes
2answers
182 views

Looking for advice on rental property

For about five years, a close relative and I have co-managed jointly owned rental properties together in California. We each have a 50% share and make joint decisions on everything together. This ...
5
votes
2answers
328 views

How often can a landlord increase the rent in a UK Assured Shorthold Tenancy?

I came across the following page from the UK government's website: https://www.gov.uk/private-renting/rent-increases It states: For a periodic tenancy (rolling on a week-by-week or month-by-month ...
5
votes
2answers
834 views

The cost of cleaning the house that we rented far exceeds the security deposit. Should we bother?

My wife and I rented an 1100-sqft house in Florida for the last six years. All rent was paid on time, and our credit is good. The landlord has been kind to us, doing such things as forgiving the ...
1
vote
1answer
114 views

UK - taxable income on rental property

My wife and I jointly own a house which we rented out during the last tax year. We are just completing a tax return now. We have calculated our total income on this and our profit after deductions ...
25
votes
8answers
5k views

Does this sound like a great idea regarding being a landlord and starting a real estate empire?

I want to build a small empire of my own over time in real estate. I want to pay 20% for a house and rent it out for a small profit (hopefully make around 3 - 5k a year in profit) and then pay it off ...
3
votes
2answers
66 views

Security deposit as a Prepaid

I was given this advice by a friend and wanted to know if this is: Legal Morally acceptable After giving your landlord a deposit equal to the amount of rent, at year-end can you forego paying your ...
7
votes
1answer
18k views

Can I locate the name of an account holder by the account number and sort code? (U.K.)

I received an invoice from a landlord about a cleaning bill. I heavily dispute this (is seriously out of whack: charging 7 hours work for a 15 minute job). She's being all weird and cagey about things ...
6
votes
6answers
1k views

Is being a landlord a good idea? Is there a lot of risk?

A few days ago I asked a way to generate a passive income. It seems the best I can expect is about 2k from a 50k invest at a low risk. However, if I can buy a house for 150k and rent it out, I can ...
5
votes
1answer
230 views

How to deal with end of tenancy for the tenant in the UK

I signed (in London - UK) a tenancy agreement in December 2013 for 3 times 1 year (the landlord wanted this instead of a 3 years contract). The term of the contract will arrive in a few months and I'd ...
3
votes
3answers
287 views

When buying a duplex are current “cash tenants” a situation to avoid?

I'm looking at duplexes for sale with the intention of buying one (both sides) to rent out. From an income-property buyer or landlord perspective, are properties for sale with cash tenants in place ...
28
votes
3answers
7k views

My tenant wants to pay rent through their company: Should this raise a red flag?

I have a tenant in a residential rental property who wants to pay rent through their company. They are asking for my SSN because they say their CPA needs it. Should this raise any red flags?
3
votes
2answers
231 views

How to properly do background check for future tenant in my own house?

I'm renting out a bed room in my own 4-bedroom house. This is the first time I'm being a landlord. How do I do proper background check of new tenants and reduce my risk that the person is a criminal?
2
votes
1answer
103 views

How to account for letting agent carrying rent over to next month's statement?

My letting agent collects my tenant's rent on the 11th of the month. They then take their fee (8%) at that time of the whole amount. Then they only pay out from the 11th of the month until the end of ...
12
votes
3answers
541 views

Resources on Buying Rental Properties

My wife and I are starting to consider investing in rental properties and becoming landlords. I'm basically looking for resources (books, websites, any other sources) that can help me understand the ...
0
votes
1answer
95 views

Submitting my property for section 8

I have a tenant who wasn't section 8 qualified when they started renting from me. The main breadwinner however has just passed away and the remaining family members (spouse and kids) now qualify for ...
22
votes
2answers
6k views

Is it legal for a landlord to report a large payment to a tenant using Form 1099?

I recently signed a Mutual Termination of Lease agreement with a landlord who purchased the complex I was living in (CA,USA). Part of the termination of lease agreement specified a large payment for ...
4
votes
1answer
345 views

I was paying my tenants' water usage without realising - how to recoup the money?

I live in Australia. I had some tenants living in my investment property for approximately 18 months (they moved out a few months ago). I have since sold the property and settlement is in a month. I ...
4
votes
1answer
159 views

Renting out rooms in my home, what's the proper way to deal with utilities for tax purposes?

I rent out two rooms in my home. Currently we split the utility bill between 3 people, i.e. the utility bill is in my name, and I pay the utilities and then get reimbursed for the other two thirds by ...
1
vote
2answers
2k views

As a prospective tenant, how can I screen a potential landlord and what should I look for?

I am looking for a room and I came across one Craigslist Ad. Please find the image below for the Ad: As can be seen above, there are lot of things that a landlord is demanding from a prospective ...
4
votes
2answers
1k views

Separate bank account for security deposit from tenant

My state (Maryland) requires me to have a separate bank account (escrow) for the security deposit collected from the Tenants. My questions: 1) Do banks have separate bank account for such a purpose ...
0
votes
1answer
2k views

What steps are required to transfer real estate into a LLC?

I'm a fairly new landlord, and learning as I go. Apparently one of the early mistakes I made when purchasing my rental properties was buying them under my name instead of forming a Limited Liability ...
1
vote
6answers
1k views

Landlord retracts email offer of lease (Michigan, USA): What recourse do I have?

I rented a room (Michigan, USA) and stayed there from Jan to June 2014. The entire agreement was done through email, including 'signing' a lease (there was no actual signature, the landlord and I ...
2
votes
2answers
475 views

Simple Property Management Software [closed]

I am a property manager looking over 8 units in a boarding house. I was wondering if anyone knew of any free simple property management software or apps. All I really need to do is keep track of who ...
2
votes
1answer
2k views

Is a lease without signature valid/enforceable?

When our two year lease was up, the landlord agreed to about her 2 year lease by email and stated that the rent would remain the same. This was all agreed upon by both parties via email with no ...
1
vote
1answer
77 views

Property Records - Foreclosure and Fair Market Purchase, Over and Over

Here is the records I am finding on a particular property I would like to purchase: It seems like this Smith property owner has bought it out of foreclosure three times, and sold it to a party that ...
0
votes
1answer
2k views

Help with calculation of interest on a security deposit on a rented house?

I know you answered a similar question on another post but I am in dire need of help. I was wondering if you could help me out with my security deposit calculations? We paid $1795 for our deposit in ...
11
votes
3answers
3k views

Tips for negotiating a rent increase (as a renter)

My landlord asked me today (via email) whether we plan to stay in the apartment and sign another lease in September. He mentioned there may be a small rent increase. He did not tell me what "small" ...
5
votes
2answers
2k 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?
15
votes
3answers
2k 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 come to the conclusion that I am the best ...
10
votes
5answers
16k views

First time landlord looking for software to manage rental properties [closed]

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
224 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 ...
4
votes
1answer
2k 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 ...
9
votes
5answers
20k 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 ...
6
votes
2answers
561 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 ...
10
votes
4answers
844 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, ...
9
votes
10answers
12k 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 ...
6
votes
3answers
4k 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, ...