Questions tagged [landlord]

Questions related to the rental of real estate...

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2
votes
3answers
236 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 ...
0
votes
1answer
150 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 ...
5
votes
3answers
382 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 ...
2
votes
1answer
181 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 ...
42
votes
6answers
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 ...
0
votes
0answers
73 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 ...
0
votes
0answers
90 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 ...
20
votes
6answers
6k 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 ...
14
votes
5answers
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 ...
1
vote
1answer
154 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 ...
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 ...
3
votes
3answers
256 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. ...
6
votes
1answer
29k 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 ...
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
5answers
620 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
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 ...
7
votes
3answers
2k 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)?
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 ...
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 ...
7
votes
2answers
1k 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 ...
2
votes
4answers
924 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 ...
1
vote
1answer
214 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 ...
0
votes
1answer
116 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 ...
6
votes
2answers
589 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 ...
2
votes
0answers
205 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
975 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 ...
3
votes
2answers
235 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?
5
votes
1answer
292 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
127 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
406 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 ...
10
votes
5answers
17k 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 ...
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 ...
3
votes
2answers
480 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 ...
4
votes
2answers
505 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 ...
6
votes
2answers
196 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 ...
1
vote
1answer
133 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 ...
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 ...
9
votes
5answers
21k 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 ...
3
votes
2answers
69 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 ...
5
votes
1answer
295 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 ...
9
votes
10answers
13k 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 ...
1
vote
2answers
227 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 ...
2
votes
3answers
307 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
8k 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?
2
votes
1answer
104 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 ...
1
vote
1answer
79 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
102 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 ...