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Landlords and tenants are often at loggerheads with each other over issues, such as, rent, repair, and maintenance. These issues crop up if the tenant is a rent defaulter or has caused damage or destruction to the property. Related Article Tags: , ,
Learn how the eviction process works in foreclosure and what rights, if any, a homeowner has and how to avoid this situation. Related Article Tags: , , , , , , , , , , ,
Learn how the eviction process works in foreclosure and the homeowner's rights. Discover how to avoid a foreclosure eviction before it's too late. Related Article Tags: , , , , , ,
It is important for owners of rental property to know about the eviction process, including the kinds of lease termination notices that are required in different situations, from tenant's failure to pay rent to misbehaviour, property damage, etc. Related Article Tags: , , , , ,
Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do? Basically when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff. You can change the locks. As for the tenant's stuff, in most states you can simply toss it. You should check your state or local law to see what your legal obligation is to store the items for the tenant. Related Article Tags: , , , , , , , ,
Today, more workers are withdrawing money from their retirement accounts in the form of 401(k) hardship withdrawals and loans than ever before. Merrill Lynch sampled applications filed in January, 2008 and found the primary reason was to prevent foreclosure or eviction. Related Article Tags: , , , ,
One of the biggest issues real estate investors face with income-producing property concerns tenants. Naturally, you always hope you can fill your apartment or other investment property with good tenants that pay the rent on time and act in an orderly fashion, but this is not always the case. Unfortunately, there are times when you must evict the tenant. Related Article Tags: , , , , , ,
This month I was planning on discussing the dreaded eviction process to follow up on my last article of screening a tenant. However, Mr. Dobbins did such a wonderful job last month in updating all of us with the changes in the Arizona eviction procedure; I didn’t want to beat a dead horse touching on the subject again. Related Article Tags: , ,
You must follow the rules if you're a landlord trying to evict a non-paying tenant. Related Article Tags: , , , , , ,
There are some myths and misconceptions about foreclosures. Understanding the process, what can and can't happen, and what you should expect will help you deal with any potential problems before you're facing eviction and imminent foreclosure.
Tenant background checks can help you get to know your tenant well. It will expose any false claims made by the tenant and help confirm any suspicions you may have about the client. Professional tenant background screening companies compile quite a lot of data to give you a clear cut impression of your tenant.
Real estate owned or REO properties are properties that go back to the bank or mortgage company after an unsuccessful attempt to sell them at foreclosure auctions. Most foreclosed properties are usually never sold at auctions. These properties become REO properties after they are repossessed by banks or mortgage companies. Related Article Tags: , , , ,
Illustrates the power of the automatic stay in bankruptcy proceedings. Related Article Tags: , ,
We talked previously about establishing a good rental history. Now I'll explain why this is so vitally important if you are looking to get a home loan. You must have two (2) years of on time payments. No exceptions. Some of you reading this may think this is the simplest part of the "repair effort", but many times there's a situation where the apartment manager has a bone to pick with a tenant and causes a lot of grief. We've seen everything from illegal eviction notices to bogus damage claims. Related Article Tags: , , , ,
The repossession of your home is the ultimate nightmare for people struggling with debts, but the good news is it's not an easy process to force through and is rarer than you may think. Find out the stages involved and how you can stop it happening to you.
The goal of most people who are in the real estate business is to have a good tenant, one who doesn't cause problems to our properties and also pays their rent in a timely manner. Unfortunately this is not always the case and we are forced to deal with the tenant that is less-than-desirable. Related Article Tags: , , ,
There was once a tenant and a landlord. The tenant was broke and couldn't pay his rent for months. His debt slowly started to pile up. After giving his tenant the benefit of the doubt for a number of months, the landlord finally sent him an eviction notice. The tenant's reply to this notice was this: "I remain yours--truly." Related Article Tags: , , , , , , , , , , , , ,
Before we discuss the equitable interest, we need to discuss the basic owner-financed sale. When you sell a property, you give the buyer a deed to transfer ownership. If you owned the property free and clear before you sold it, you would take back a note for part of the purchase price, secured by a lien on the property (in some states a "mortgage", in others a "deed of trust"). Related Article Tags: , , , , , , , ,
Cash is King, so they say, and investor would be wise to keep an adequate cash reserve for things that can go wrong in real estate, particularly rentals. It is easy to buy real estate with no money down, but it's difficult to survive when you have no cash set aside for a rainy day. Related Article Tags: , , , , , , , ,
Las Vegas, known around the world as a destination identified for its nightlife, has just gotten another questionable distinction. In an essay entitled "America's emptiest city" in print in the February 18, 2009 version of the Las Vegas Review-Journal, Forbes rated the destination number 1 when it comes to the quantity of abandoned apartments and houses. Related Article Tags: , , , ,
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