Buying a Home - Rentals

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Top Tools and Gizmos for Property Investors to Keep Handy

As a property investor and landlord, expect to have to get your hands dirty with a bit of DIY now and then. Keeping the following tools and gizmos handy should enable you to deal with most minor problems [more…]

Rental Property Checklist

All the time a rental property is sitting empty, you’re losing out, but you’ll only attract a tenant if you can make your property look attractive and well maintained. Before showing off your rental property [more…]

Brushing Up on Fair Housing Laws

The federal Fair Housing Act prohibits you, as landlord, from discriminating against or giving preferential treatment to people based on a protected class [more…]

Screening Applicants

Careful screening can help you avoid legal issues, because you have less need to take legal action against good residents, and they're less likely to file legal claims against you. To screen applicants [more…]

Establishing Security Deposit Policies and Procedures

One of the most common sources of landlord-resident disputes is the return of security deposits. To prevent confusion and disagreements, make sure you establish security deposit policies and procedures [more…]

Meeting Your Landlord Legal Obligations

As a landlord, you have certain legal and ethical obligations to your residents that are rarely spelled out in the rental contract, including the following: [more…]

Dealing with Cotenants, Sublets, and Assignments

Residents often need or want to take on a new roommate, sublet the rental unit, or assign their rental contract to someone else. To deal with these types of situations, consider this advice when you’re [more…]

Landlord's Legal Kit For Dummies Cheat Sheet

Being a landlord certainly sounds easy. All you have to do is line up responsible residents, maintain the property, and count your money as the rent rolls in, right? Actually, no. Owning and leasing residential [more…]

Important Criteria for Screening Tenants When You're a Landlord

When you're a landlord, the seven protected classes that you should never use to discriminate against or in favor of people who are applying to rent from you are as follows: [more…]

Complying with Your Landlord's Duty to Repair

Every residential rental contract, whether it's a lease or a month-to-month rental contract, contains an implied warranty of habitability. In other words, even if not included in the contract, you, the [more…]

Retaining Good Residents When You're a Landlord

Keeping good residents — those who pay their rent on time, take care of the property, and get along with their neighbors — is important as a landlord because the key to financial success in investing in [more…]

10 Laws All Landlords Need to Know

Dozens of federal, state, and local laws govern the residential rental industry and the landlord-resident relationship. All of these laws are important. The following calls to your attention ten important [more…]

Access to the Kit Materials for Landlord's Legal Kit For Dummies

Landlord's Legal Kit For Dummies has more than 150 forms that can help make being a landlord easier. Following the law and making sure you're complying with legal developments can improve the odds of staying [more…]

How to Screen Applicants for Your Rental Property

Carefully screening applicants is essential to keep your rental units occupied with residents who pay on time, take care of the property, and get along with their neighbors. Careful screening can help [more…]

How to Fulfill Your Maintenance and Safety Obligations as a Landlord

Your rights as a landlord are based upon your rental contract and your state’s landlord-tenant laws. Your obligations, however, are primarily in the form of written laws or implied warranties and [more…]

Ways You Can Incorporate Your Business as a Landlord

How you choose to structure your business as the landlord depends in part upon your willingness to share its future and yours with others. Forming a corporation is a fairly complex legal endeavor that [more…]

What You Should Get Up-Front When Buying a Rental Property

If you’re thinking about buying a rental property and becoming a landlord, you need to start by researching the property and its current residents, if any, and finding out exactly what’s included in the [more…]

What Type of Insurance Coverage Do Landlords Need for a Rental Property?

The first step in getting the right insurance is to understand the different types of insurance available for your rental property. Of course, building insurance is essential to protect against losses [more…]

How to Notify Residents of a Change in Rental Property Ownership

If you’re like most rental property owners and you’re acquiring property that’s already occupied, the residents are probably well aware of the pending ownership change, but they may be apprehensive when [more…]

Tips for Landlords: Your Property Management Options

Once you begin to branch out as a landlord, taking care of your own property may no longer be an option. When using someone to handle your property management tasks, you have three options: [more…]

What Landlords Should Ask a Prospective Management Company

The quality of your property management company directly affects the success of your real estate investments and your peace of mind. Visit the company’s office armed with the following questions: [more…]

How to Avoid Pitfalls When Negotiating with Prospective Property Management Companies

The management agreement is a pivotal document for your rental property because it spells out the obligations of the property management company to you, the client. Study the fine print; doing so is tedious [more…]

Tips for Landlords: How to Screen Individual Property Management Candidates

The best way to avoid lawsuits and other problems with a property manager or other employee is to hire someone who is well qualified and has a clean record. These tips provide guidance on how to do your [more…]

How to Comply with Employment Laws and Accounting Requirements for Your Individual Property Manager

If you hire an individual to manage one or more properties for you, you become an employer (if you aren’t one already) and subject to a host of additional laws and accounting tasks, including the following [more…]

How to Avoid Discrimination and Preferential Treatment When Advertising Your Rental Property

As a landlord advertising your rental property, it is your responsibility to ensure that you meet the standards set by the Fair Housing Act. The Civil Rights Act of 1968 [more…]

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