Owning Rental Property invloves dealing with Tenants, here is a collection of resources for you.
In the state of New York there are very specific guidelines for Landlords that both protect the Tenants rights and theirs. Everything is clearly laid out to make it easy to understand who does what and what will happen in the event that someone fails to live up to their part of the agreement. To answer many of your questions you can visit the NY [Continue]
If it were easy-everyone would be investing in Real Estate All over the Internet there are people telling you that you don’t need money to invest in real estate. “No Money Down” or “purchase investment property for $10,000 and have a cash flow of $700/month” are common promises. I hate to do this, but I [Continue]
Your tenant comes to you with a request that they need to break the lease. Not something that any landlord wants to hear, but what should you do? Residential leases are usually one year in term. Rarely there is a sound financial reason for not letting a tenant out of a lease. [Continue]
Risk vs. Reward Real estate investment is an appealing way to invest today, but it does not come without Risk. We understand that managing your Real Estate portfolio there are many things that you must take into consideration when making an important decision. You do not have to be an experienced Investor to know that [Continue]
By law, real estate professionals cannot fill out any sellers’ home disclosures unless the agent is the seller or a party to the transaction. If your agent can’t tell you, ask a lawyer if you need to sign every disclosure handed you. Every state has its own laws regarding disclosures, so the forms will be [Continue]
It is easy to end up on the losing side of an eviction if you don't meticulously adhere to the rules. Western New York has a variety of duplex, triplex and Quad homes available to investors. With that brings the need for tenants and the potential for the need to evict a bad tenant. Eviction reasons, processes, periods, and participants vary [Continue]
Where do you turn when you think you have been discriminated against in housing? Questions regarding Fair Housing are common and often people are looking for ways to resolve situations that they are in. There is an interesting program in Western New York called HOME – Housing Opportunities Made Equal that may be able to [Continue]
Western New York Tenant Screening Unfortunately, not all tenants will be good tenants in WNY. Finding good tenants is always an issue for Western New York Landlords. All too often WNY landlords can be too eager to fill their homes. It is important that you do a little investigation on your potential tenants. Whether you [Continue]
I work with Real Estate buyers and sellers. Occasionally I am asked if I know about a rental available. One of the best places to search for a rental is still the newspaper and Craigslist. You can find a rental directly from the source. I did find a helpful site that you may find as a resource in your search for a place to rent or to find a [Continue]
An interesting article popped up in the Realtor Magazine Daily Update about how Buffalo NY is taking an aggressive approach to holding the lenders accountable for the condition of the homes in their control as reported by Michael Orey of BusinessWeek.Spreading the Pain Michael Orey wrote in this very telling article Dirty Deeds. Those that [Continue]
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