article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

But, if you don’t mind the work, which includes rolling up your sleeves for simple repairs, chasing tenants for late rents, and paying an additional 25% insurance premium than you would on your primary residence, then buying your first rental home as a recurrent source of income might be a smart idea. Form a Business Structure. Let us know !

Investing 332
article thumbnail

What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America.

Appraisal 309
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.” Conduct due diligence on the tenant you’re subleasing from as well as their landlord.

Landlords 144
article thumbnail

How to Get Rid of Your Roommate (Legally!)

Zillow

Legally speaking, can one tenant kick the other to the curb based on a few common lease violations? Assuming your roommate is a tenant of record (more on that below), he or she maintains a distinct legal relationship with the property owner or landlord and must abide by the terms of the lease. But how to get him out?

Legal 36
article thumbnail

Guide on How to Buy Rental Property

Movoto

On paper, it sounds easy: buy a home, renovate where necessary, and after screening prospects, place a well-qualified tenant on the property. To help future landlords, we’ve included a handful of useful tips throughout this article. Even the most easy-going tenants in homes with great bones can sometimes experience issues.

Tenants 36
article thumbnail

How The Single Net Lease Works

Property Metrics

The term “single net lease” is sometimes used in commercial real estate to describe a lease where the tenant is responsible for paying one particular expense. In this article we’ll discuss the single net lease and point out several pitfalls you should consider. What is a Single Net Lease? The Spectrum of Real Estate Leases.

Tenants 36
article thumbnail

Understanding the Co-Tenancy Clause

Property Metrics

The owner and/or developer of the property works first to attract one or more “anchor” tenants and then surrounds them with a variety of smaller tenants who benefit from the traffic they create. These tenants typically include coffee shops, nail salons, bank branches, and quick service restaurants. What is a Co-Tenancy Clause?

Tenants 50