Questions tagged [landlord]

Questions related to the rental of real estate...

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10 votes
7 answers
5k views

As a landlord, should I refuse a rental reference for a tenant who damaged the unit? (Fixing the damage was covered by the deposit.) [closed]

For reference: I had a tenant for 2 years in my 1 bedroom apartment with her cat. Her lease is expiring and I will not renew it because my son needs a place for college. However, the cat absolutely ...
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1 vote
2 answers
318 views

If it turns out that using heat is causing a large usage of electricity, does the landlord pay at least part of my electric bill?

I'm currently renting a 1 Bd. apartment about 1000 sq. ft. where the "heat is included". The electric bill was extremely high one month (used 900 kWh). I found out that the community is run ...
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  • 111
0 votes
1 answer
100 views

Renting a basement suite out for income, that has a lower ceiling - Data on percentage of renters to consider this a deal breaker [closed]

I'm in the market to move out, and I'm eyeing bungalows, mostly those that are built in the 1950's and 1960's in Winnipeg, Canada. I'm wanting to live on the main floor and have a tenant occupy the ...
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15 votes
4 answers
2k views

How much should I, as a landlord, save up for property renovations?

I co-own a set of rental properties in California with a family member. Rent control is set at 5%, though there are exceptions in our location if you improve a unit -- under those circumstances, you ...
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  • 407
25 votes
4 answers
5k views

Letting Agent proposes relative to rent my house

We live abroad and rent out our family home in the UK. It is managed by a firm of Letting Agents with whom we have a good relationship. The current tenant is apparently about to give notice that they ...
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  • 569
21 votes
6 answers
7k views

Landlord making up charges

We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc. The lease was ending on Feb-27th, but we returned keys on Feb-...
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  • 491
2 votes
2 answers
375 views

Can my landlord live in a property I rent if I move out before the lease ends?

We moved out two months earlier than our lease ends, but are still fully prepared to keep paying rent until May. We were responsible for getting the lawn mowed, so I had my dad go mow it. While he was ...
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  • 21
1 vote
0 answers
18 views

Schedule E vs Schedule C

I purchased (with a mortgage) a mixed-use building with an LLC in 2019. I rent the two retail/commercial units to two LLC businesses (one owned by me, and one owned by my wife). This building also has ...
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  • 11
29 votes
5 answers
12k views

Should tenants pay for repairs if it's their fault?

Say a tenant accidentally flushed a hard object down the toilet, is it better for the tenant to take care of the plumber bill or call the landlord? Would this be good grounds for a rental raise in ...
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  • 1,731
2 votes
0 answers
201 views

Landlord cashed cheque from government rent support and said he didn’t receive it

A legal question as a tenant in Alberta, Canada: Over Covid my fiancé qualified for some rent support. They sent three supplement cheques directly to our landlord. He said he only received two, but we ...
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2 votes
1 answer
212 views

What is my responsibility as a landlord to providing internet, power, gas, and curtains?

I am a first time landlord in Philadelphia, PA with tenants moving in in two weeks. As the title suggests, I am not sure how to handle transfers of utilities to tenants. To be clear, I am not asking ...
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  • 2,778
0 votes
1 answer
227 views

Is it appropriate for me to ask my prospective tenants about their relationship?

I am a first time landlord in the United States. I am looking to rent out my Philadelphia, PA condo to two people. Two of the applicants (applying together) are promising in terms of their financials, ...
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  • 2,778
1 vote
1 answer
2k views

How to reject a tenant?

I have had some prospective tenants apply to lease my Philadelphia, PA condo. As I listed the property on Zillow, the official 'application' is on Zillow as well. Zillow only has an 'accept' button ...
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  • 2,778
16 votes
9 answers
8k views

Can I raise the listed rent on a rental property due to high demand?

I a US citizen living in the US looking to rent my Philadelphia condo unit. I put the listing on Zillow and had undercut neighboring rental listing to ensure I got tenant applicants, as I was nervous (...
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  • 2,778
2 votes
0 answers
153 views

UK - What difference would having a "paying guest" lodging in your house make to your home insurance?

I am currently in the process of buying my first house, and had thought about potentially letting out the spare room to a lodger some time in the future. Having just paid for a home insurance policy, ...
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4 votes
1 answer
187 views

Do I have to put 20% down on a condo so that I don't have to live in it for 1 year before renting it out to tenants?

I really want to purchase a condo and rent it out to tenants for some extra cash flow here in Queens, NY. I contacted a mortgage loan officer and he told me that I HAVE to put 20% down if I decide not ...
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3 votes
1 answer
131 views

Tenant disputing security deposit deductions can I add additional deductions?

Our tenant resided in the unit for 2 years and we took over managing it as the property manager was doing a poor job. Using the move in report from the previous manager we calculated deductions and ...
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1 vote
3 answers
76 views

Are maintenance fees and other fees covered by tenant or does the owner have to pay that?

I'm looking around apartments not to live in - but to rent out for some cash flow. I'm eying a particular co-op and was wondering: Hypothetically, I took out a mortgage for the co-op. Am I ...
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15 votes
5 answers
5k views

Why would my tenant want me, landlord, to buy his leasehold interest in my own property? [closed]

My lessee asked if I'm interested in buying his leasehold interest. He wants to sell his lease to the landlord, me. He's renting my detached house in Toronto until Jun 1 2024. He pays $9 000/month. I'...
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0 votes
1 answer
111 views

Am I bound to the existing lease then?

I am an international student from India. I am studying in Saint Louis in the USA. In the summer of 2019 I went back to India giving my room for a sublet. I know the person who was taking temporary ...
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  • 103
0 votes
1 answer
242 views

What are potential downsides of asking back half of my rental deposit from the landlord?

I rented an apartment about 2.5 years ago. During this time, I was still a student and the landlord considered my income situation to not be entirely stable, so he asked me for twice the original ...
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3 votes
2 answers
634 views

Landlord wants me vacated from a property 4 days before the tenancy ends - do I send over the full rent?

My tenancy is set to end on the 20th April, however I've agreed with the landlord that I will be moving out on the 15th (this was their idea, but works well for me). I moved in on the 20th, so my ...
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3 votes
2 answers
293 views

Feasibility of buying first house at 23 when I may leave the country in a few years to work/travel (UK)

I am 22 years old and in my final year of study towards an Engineering degree, with a graduate job secured for next year with a starting salary of £25,000. I currently have ~£47,000 in savings, ...
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  • 71
2 votes
0 answers
98 views

Can landlord's business expenses be retroactive?

Say, I am planning on moving out of my house and keeping it as a rental. The house needs a bit of work, which I can start before I move out to save on the downtime before I look for renters. Can the ...
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1 vote
2 answers
138 views

How to properly account for a leased property where the tenant has the option to buy

I'm the personal representative of an estate with a situation like the following: Property with tax assessment of $100,000 Tenant with a multi-year lease for the property with a total "lease fee" of $...
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  • 3,632
2 votes
3 answers
463 views

Chicago landlord opening security deposit account under tenant's name

I recently moved into an apartment in Chicago and sent my security deposit check to the landlord about 2 weeks before moving in. Now, 1 week after moving in (about 3 weeks after initially sending the ...
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  • 123
0 votes
1 answer
171 views

Get written statement from landlord for a mold that could happen because of his decision over phone?

In my apartment I closed up the ventilation in my bathroom with baking paper. The reason is since it is summer many insects like hornets, wasps and even centipedes started coming from that ventilation ...
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2 votes
1 answer
209 views

Why do UK Property developers/investors create a company for each property they buy?

I am currently researching on UK property development and buying. An interesting website for that is the https://beta.companieshouse.gov.uk/website. While browsing through it, it became apparent to ...
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  • 25
5 votes
3 answers
545 views

Can I purchase a 2 bedroom Philadelphia condo, live in one room, and rent the other?

I am in the process of purchasing a condo in North Philadelphia. The situation is great and my offer has been accepted. I received Condo Association documents to review and have 4 days left to review ...
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  • 2,778
0 votes
0 answers
94 views

Can I run a renting business in USA as a foreign citizen?

I'm considering buying a property in Houston, TX for the purpose of renting it. I'm a foreign citizen and don't know much about how renting functions in the USA. So far I found out that it's possible ...
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0 votes
0 answers
101 views

Lower rental amount found on an ad

I paid a deposit on an apartment and a day later I found an ad for my same apartment with a lower monthly rent amount. Can I use a screenshot of that ad to get my monthly rental amount to match the ...
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20 votes
6 answers
9k views

How to return a security deposit to a tenant

Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so? It is Colorado in this case and I see no such ...
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  • 1,521
14 votes
5 answers
5k views

When leasing/renting out an owned property, is there a standard ratio between monthly rent and the mortgage? [duplicate]

I'm leaving the country for work for roughly a year, and would like to sublease my home to a friend of mine living in the area. I have no experience as a landlord, and I've had a tough time figuring ...
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  • 149
1 vote
1 answer
165 views

What are a landlord's obligations?

Similar to another question about a citizen's legal obligations, which I found very informative, I would like to ask a the same but for landlords. I would also like to expand the scope beyond just ...
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3 votes
3 answers
304 views

Canada cheque cashing fiasco

Landlord had me mail checks to his business in business name. They were cashed. He now tells me he gave me wrong address and I need to give him the money. I already had the money taken from.account. ...
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4 votes
5 answers
647 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?...
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  • 141
1 vote
1 answer
237 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 ...
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  • 185
2 votes
4 answers
1k 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 ...
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  • 381
0 votes
1 answer
126 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 ...
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2 votes
0 answers
225 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 ...
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  • 129
5 votes
2 answers
2k 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 ...
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6 votes
1 answer
557 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 ...
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2 votes
0 answers
134 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 ...
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  • 21
30 votes
7 answers
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 ...
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-1 votes
2 answers
459 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 ...
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42 votes
6 answers
10k 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 ...
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  • 533
3 votes
2 answers
637 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 "...
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  • 723
2 votes
1 answer
54 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 ...
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6 votes
2 answers
256 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 ...
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  • 407
4 votes
2 answers
716 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 ...
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  • 175