10 Landlord-Tenant Laws Every Landlord Should Know
BiggerPockets
MAY 5, 2023
Landlord-tenant laws can be complicated and have a lot of grey areas. This article lists out 10 critical laws you must know before renting out property.
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Housing Wire
MAY 5, 2022
The grant for CrossBridge’s project that provides housing and supportive services to adults overcoming addiction, allows affordable rents for tenants and provides long-term subsidies, the firm added. . Over the past two years, Amazon gave Puget Sound developments more than $344.3 million in loans and gave $94 million to Nashville.
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Eppraisal
FEBRUARY 8, 2022
Potential tenants are flocking to new rental listings and are fighting for the opportunity to be approved. This is a prime opportunity for landlords to find solid tenants for their rental properties. There are some key characteristics to look for in a well-qualified tenant. Rental prices are going up just as home values are.
Cleveland Appraisal Blog
AUGUST 25, 2022
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. Let us know ! Image via Pexels. .
Cleveland Appraisal Blog
JUNE 18, 2022
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.
Cleveland Appraisal Blog
NOVEMBER 14, 2022
Whether it’s a residential building or a retail mall, you want to attract tenants and clients so that you can start generating profit. And thank you for reading another article from the Cleveland Appraisal Blog! I’m working on new articles of my own. Invest in marketing. Be clear with contractors. Click here to register.
Housing Wire
MARCH 13, 2023
Tsai works with both homebuyers and tenants and while he says his business is typically split 50/50 between buyers and tenants, he has noticed a shift as mortgage rates have risen over the past six months. Things finally slowed down in November and I expect them to pick back up in the spring. It is still a good time to sell.”
Housing Wire
MARCH 4, 2024
Tenant protections are a key priority within HouseATL’s 2023 Strategic Recommendations. As detailed in HouseATL’s recent Saporta Report article , Georgia has a dire shortage of safe, decent, affordable housing and very weak tenant protection laws. The bill has reached the Senate Rules Committee.
The Robert Weiler Company
APRIL 5, 2023
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.
Housing Wire
OCTOBER 1, 2022
Investors may have been attracted to the market as they saw rents increase for tenants. This article offers a preview of our upcoming HousingWire Annual Housing Market Super Session that will feature an all-star panel of housing experts. Unfortunately, the share of first-time buyers remains suppressed at just 29% last month.
Cleveland Appraisal Blog
JUNE 17, 2022
Hopefully, you found this article to be interesting. Here are some links to other articles I’ve enjoyed recently! For my readers in the CLE area… here are some articles related to news in our local area. There is so much more that goes into an appraisal. Thanks for being here! Click here to visit their website.
The Robert Weiler Company
APRIL 22, 2023
How flexible are your rights as a tenant? Hire a Commercial Tenant Broker to Find Office Space to Rent When you work with the commercial listing agent handling the office space for rent, they have the property owner’s best interests in mind. However, when you hire a commercial tenant broker, they have your best interest in mind.
The Robert Weiler Company
JULY 7, 2022
National Geographic even published an article titled, “ Why all the cool kids love Columbus, Ohio. ”) Thus, this type of Columbus real estate couldn’t be a wiser investment! As a result, losing a tenant for a month or longer will ultimately reduce your overall profit. There’s a good chance that some units may be unoccupied.
Movoto
MARCH 29, 2024
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.
Eppraisal
FEBRUARY 11, 2022
When a rental property goes on the market, tenants are flocking to see it. Prospective tenants searching these sites for rental properties to live in are inquiring about the properties and requesting to see them. This email should include your basic requirements for prospective tenants.
Eppraisal
SEPTEMBER 2, 2022
You'll receive the most money during these months as tenants prefer moving in the spring, summer or fall months versus the cold, winter months. Be sure you or your tenants are changing the furnace filter monthly or every few months at the minimum. Your eyes are much better than your tenants' eyes.
Eppraisal
FEBRUARY 4, 2022
In an article written by Sarnen Steinbarth, a Forbes Councils Member, How to Calculate the ROI on a Property Investment , he states, "With long-term appreciation, a monthly cashflow and tax advantages, owning and operating rental properties will increase your wealth so you can save for retirement."
Property Metrics
JUNE 22, 2020
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.
Property Metrics
AUGUST 13, 2020
In this article, we’ll look at eleven types of risk in commercial real estate investment. . Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Vacancy rates increase, and finding a new tenant is challenging. Credit/Default Risk. Inflation Risk. Interest Rate Risk.
Property Metrics
MARCH 1, 2021
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?
Property Metrics
JUNE 7, 2021
” In this article, the rent roll document is described in detail and its utility in the CRE due diligence process is highlighted. A rent roll is an important document that lists all of the tenants in the property. If the space is unoccupied at the time the rent roll is produced, the tenant name could be “vacant.”
The Robert Weiler Company
MAY 18, 2022
Retail space for sale differs from other types of commercial real estate because owners are trying to either (1) attract customers, or (2) attract tenants that plan on attracting customers. Good staging gives prospective tenants ideas on what they can do with the property themselves. CRE Property #2: Retail/Restaurant Storefront.
Simonson Real Estate
OCTOBER 23, 2020
Moderate credit tenants – 6.5% Multi-tenant retail centers – 6.0% In-depth underwriting is currently taking place to ensure the borrowers and tenants occupying space have the durability to continue performing no matter what conditions the market presents. Urban core Class A – range of 4.5% Suburban Class A – 5.0% Class B – 5.5%
Simonson Real Estate
FEBRUARY 26, 2021
Minnesota enacted an eviction moratorium, restricting landlords from evicting delinquent tenants. This information is from exit interviews of all tenants that vacated their properties during that seven-month time. In addition to vacancy, they stated new tenant inquiries have significantly slowed. between March and October 2020.
Eppraisal
MARCH 15, 2022
Provide information about the property to the buyer or tenant. Disclose financial qualification of the buyer or tenant to the seller or landlord. Help the buyer or tenant to arrange for property inspections. The price or terms the buyer or tenant is willing to pay without permission of the buyer or tenant.
Property Metrics
FEBRUARY 14, 2022
Suppose we have the historical revenue for a small tenant and we want to calculate the YoY growth in Excel: Once you have the values you want to use to calculate YoY growth, then all you need to do is apply one of the two YoY growth formulas discussed above. In this article we discussed Year over Year (YoY) analysis. Why YoY is Useful.
Property Metrics
APRIL 6, 2021
This process is known as comparative lease analysis and it is the subject of this article. There are other variables that commonly go into the financial analysis like tenant improvement and expense reimbursements. Required Tenant Improvements : $15,000. Tenant Improvement Allowance : $10,000. Parking Fees : $1.50
Zillow
JUNE 11, 2018
This jump in the number of renters has put pressure on both tenants and landlords. Tenants are scrambling to find the right place, while landlords are trying to find the right price. Utilities are not exactly a hidden cost, but they’re often overlooked by tenants eager to move into a new apartment or renew their current lease.
Housing Wire
APRIL 22, 2024
The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment. Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times.
Housing Wire
DECEMBER 7, 2023
Features Commercial Lease Clauses of Tenant Concerns: Part III and other residential courses C Gold Package 12 Hrs: Includes 12 hrs of CE for MA commercial real estate. Features Commercial Real Estate Basics and 5 other landlord and tenant courses Broker Prelicensing $420 Online Broker Supervised Video Course: Webinar.
CA Realty Training
JUNE 16, 2021
Collecting rent from tenants. They’re responsible for screening any tenant that sends an application. Whether it’d be through background checks or checking the credit scores of the tenants. The first inspection happens when the tenant moves in, and the second happens when they move out. Market and sell the property.
McKissock
JANUARY 14, 2022
A tenant came along with a large dog and was in the house for one year. Two years and two tenants later, I recently had to bring in a specialist because there was still a urine odor in an area of the living room from under the carpet where bacteria had survived the previous treatments.
Eppraisal
AUGUST 2, 2022
Tenants typically don't treat their rental homes like owners treat their homes. Your tenants can always use rugs if they want some carpeting in these rooms. Whether you have just purchased an investment property or have had one for some time, if it is ready for a renovation, you will want to carefully select your materials.
Zillow
OCTOBER 2, 2015
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?
CA Realty Training
APRIL 26, 2021
The person receiving ownership is called the life tenant. . The life tenant enjoys most of the ownership rights while in their possession. Also, if you enjoyed reading this article, we would love if you could share it with a friend who you think would get something out of it. It is your right and you can exercise it.
Property Metrics
MAY 28, 2021
As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.
McKissock
SEPTEMBER 28, 2020
While there are several ways you can go about strengthening your position in the real estate niche, in this article, we’ll be comparing two popular options: Real Estate Investment Trusts (REITs) or Property Syndication? You also determine the amount for rent, the type of tenants you want, or how much you want to sell the property.
Property Metrics
DECEMBER 4, 2020
Here are two ways: First, for banks that continue to invest in their branch network, they could be a tenant in a commercial office or shopping center. If a property owner is considering leasing space to a bank, the owner would be wise to review the Texas Ratio for the potential tenant as an indicator of financial strength. Conclusion.
Property Metrics
JUNE 15, 2021
In this article, we are going to introduce the key concepts in lease vs. own analysis and apply them with a case study. In addition, they may benefit from leasing excess space to other tenants, favorable loan interest rates, and the comfort in knowing that their rent isn’t subject to the whims of a landlord.
Real Quantum
FEBRUARY 24, 2021
Not only is the form for articles of organization just three pages long, submitting it online is very easy, and often approved within 24 hours. Delinquency is very uneven depending on the employment status of the tenants. There’s also the fact that it’s much easier to start a company now than ever before. Handle the legalities.
The Robert Weiler Company
OCTOBER 21, 2022
If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. For the purpose of this article, we’ll mostly stick to the word “appraisal.”. Renting commercial space to food or beverage shops or a dry cleaner provides convenience to tenants.
Appraisal Today
SEPTEMBER 23, 2022
My comments: This article uses AEI data, graphs, and reports from June. The upcoming October issue of the monthly Appraisal Today has an article, “Which are your best current and former AMC/lender clients? Tenant, friend, or relative wants to buy. To read more in this article, click here. What do they want?”
The Robert Weiler Company
MARCH 9, 2021
Our article delves into these two approaches, exploring the twin poles of the debate. To maximize profits and maintain good relationships with long-term tenants, the property manager must invest a lot of time and work. While many tenants are courteous individuals, some feel a 3:00 AM call over a trivial matter is appropriate.
Appraisal Today
AUGUST 5, 2022
To read comments and photos from a former tenant about the strange and “scary” property, click here . If you are doing them now, this article has ideas for expanding into other types of non-lender appraising. The article includes) lists of the pluses and minuses of lender vs. non-lender appraisals.
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