“Renting Back” After Your Home Is Sold

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Sometimes it’s helpful to sell your home before you really want to move. This often happens when you are having a new home built, but aren’t sure of the completion date. Is there any way you can sell your home so you’re sure of the funds available for the new purchase, but continue to live in your old home until construction of the new one is complete. Yes, there is with the renting back strategy.

rent back, renting back

Sometimes it’s helpful to sell your home before you really want to move. This often happens when you are having a new home built, but aren’t sure of the completion date. Is there any way you can sell your home so you’re sure of the funds available for the new purchase, but continue to live in your old home until construction of the new one is complete. Yes, there is with the renting back strategy.

Enter the Lease-Back or Rent-Back Agreement

The particulars of this strategy vary from state to state, but in the strong seller’s market we’re experiencing, buyers will often agree to let the seller stay in the home for a period of time as long as rent is paid. In a competitive situation, the buyer willing to do this will often have the winning bid even though there is another offer as high as his.

The agreement covering the situation states the length of time the seller will remain. It can be done with a specific date named or wording that allows the seller to remain up to a specific date with the possibility of her moving sooner. The amount can be a fixed figure paid out of the proceeds of settlement or a monthly amount, or a daily amount. It is usually, but not always, tied to the amount of the mortgage payment under the buyer’s new loan. Sometimes there is a deposit against damage, sometimes not. There is usually a clause saying the seller will hold the buyer harmless for any damage to himself or his property which occurs after the sale is consummated and before the seller moves.

The attorney who draws up your contract offer can create such an agreement. If you’re using online forms, you should be able to find one for this situation. If you’re working with a real estate broker, he or she can handle it for you.

An Example

I’ve recently seen a very pleasant example of this idea in action. An elderly widow contracted to have a one level condo unit built in a new community which provides all exterior maintenance. She had had hip replacement surgery and wanted to get away from the drawbacks of the home in which she’d reared her children. The home was large, had stairs and was located on a large, partially wooded lot with many mature perennials and shrubs. Both the home and garden were beautiful, but high maintenance.

Her contract to purchase required a series of deposits and a firm indication as to her source of funds well before settlement on her new condo. The widow put her home on the market. A young couple with two sons was very anxious to buy it. The situation was competitive. They made the widow an offer. She countered their original offer. She did not raise their offer price, which was slightly below her asking price. She did not believe the young couple would qualify for a larger loan. Instead, she did something rather creative.

The widow countered with a proposal that she “rent back” for a period of “up to” a certain date (a date beyond her scheduled competition date on the condo) in exchange for a modest flat sum to be paid to the buyer at settlement. The total rent back period was less than two months. The flat fee was less than the amount of the new mortgage payment for the buyers. However, since they made no payment on their new mortgage the first month, it wasn’t too far out of line. The couple really wanted the home, so they accepted the counter offer.

Another win, win situation was created. The widow only had to move one time and the young couple got a house they probably wouldn’t have in a straight bidding war. If you find yourself in a situation similar to either the widow or the young couple, perhaps you can work out a similar solution.

3 Ways Tenants Lose Money

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Are you still renting a home or apartment for yourself or your family?

If so, you’re losing money. Think about these three ways you lose money by renting:

1. You’re paying for someone else’s mortgage payment. You’re missing out on the appreciation that the property gives to the landlord. Appreciation is a term used in accounting relating to the increase in value of an asset, which means in real estate terms, added value to the property. Over the past five years, houses…

tenants,home buyers,Jeanette Fisher

Are you still renting a home or apartment for yourself or your family?

If so, you’re losing money. Think about these three ways you lose money by renting:

1. You’re paying for someone else’s mortgage payment. You’re missing out on the appreciation that the property gives to the landlord. Appreciation is a term used in accounting relating to the increase in value of an asset, which means in real estate terms, added value to the property. Over the past five years, houses appreciated significantly, making many new real estate investor multimillionaires.

2. Tenants don’t get to freeze their monthly housing expenses like home buyers can. Of course, many home buyers get mortgage payments with adjustable interest rates and their payments go up over time. However, these payments will not go up over the long term like rising rents. Just think about how much an apartment costs today compared to ten years ago. A two bedroom apartment in Lake Elsinore, California leases for £1,000 today. The exact same apartment rented for £325 in 1996, when it was brand new. Home buyers who had low monthly payments in 1996, who did not refinance their mortgage, enjoy low payments and don’t have to worry about rising rents.

3. Renters don’t benefit from tax advantages. Home owners get income tax deductions. Tax deductions for interest costs, for instance, save tax payers thousands of pounds.

Emotional Satisfaction of Home Ownership

Besides losing out on making money with real estate, renters don’t get the same satisfaction of home enjoyment that benefits home buyers. Many landlords won’t allow you to paint your walls in colors that you desire. Also, you won’t feel like fixing up the property with custom window coverings and you get little say in flooring materials. Because you can’t make your personal statement, you won’t feel like you’re HOME as much as home owners who feel emotionally connected to their property.

How to Buy Your First Home

The biggest barrier to home ownership is often accumulating funds for a down payment. People think they have to have thousands of pounds for a down payment. However, if you have good credit and a decent job, you can get a mortgage for a home with zero down. And you can finance some of your closing costs as well as ask the seller to help you pay a good portion of your purchase costs. With today’s mortgage finance plans, you may be surprised to find out how much of a home you can afford with payments similar to what you currently pay in rent.

You may have to go out of the major metropolitan areas to buy a home. That’s why so many people commute in Southern California. Affordable housing costs much less in outlying areas. But so do the rents. If you’re renting an apartment for £2,300 in Los Angeles, you could buy a £500,000 home in Wildomar. Our daughter just purchased a home in December 2005 and her mortgage payment, for a 3,000 square foot new home, costs less than £2,300. With her tax savings, she will pay even less than renting a small apartment closer to downtown L A.

If these amounts sound high to you, check your local area. Perhaps your monthly rent is only £1,000 and houses cost less than £200,000. Talk to a mortgage loan officer and see how much of a home you can afford.

If you’re renting, make one of your priorities to buy your own home.

5 Features to Look for when Choosing a Property Rental Service

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Thinking of using a property rental service to manage your vacation rentals or apartment for rent in Spain? Here are five key features to watch for before choosing a service…

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If you’re thinking of using a property rental service for your Spain holiday rental or apartment for rent, there are some key features you should look for before making a commitment. You’ll want the best possible service while also earning maximum profits for your vacation rental. Here are five major features every property rental service should offer.

1. Excellent Customer Service

Your guests will remember you by the service they receive during their stay at your villa rental, apartment or vacation rental. The property rental service you choose should offer excellent customer service and be able to provide testimonials from satisfied property owners. Your guests should arrive to a clean villa, home or apartment.

If renting for a vacation, golf holiday or some other Spain holiday, each guest should receive a welcome packet including directions to the rental property as well as helpful information about the surrounding area. If you have an apartment for rent, tenants should be treated well. Rental payment collection, service maintenance and assistance with local utility and phone set-ups should be provided with friendliness and thoroughness.

2. Cleaning Management

A property rental service should provide reliable cleaning management. You might live too far away to handle cleaning or manage a maid service. If you live in England or the U.S., but your vacation rental or apartment for rent is located in Fuengirola, Mijas, Puerto Banus, or Elviria of Spain, then you’ll need a property rental service that will handle cleaning with care. For holiday rentals and villa rentals, cleaning must be provided between each guests’ stay and sometimes during the week of a stay as well. For vacation homes and villas, the lawn must be maintained as well. Be sure this is included with your service.

3. Key Holding, Inventory, and Detailed Necessities

You may not be able to handle local errands for your vacation rental or apartment for rent. Therefore, the property rental service should be entrusted with these tasks. Some necessities to keep the rental property operating legally include key holding, insurance, property tax and levies, building permits or licensing, bank account management, phone and utility set up and billing, etc.

Another area of importance is inventory. The furniture and other valuables in your apartment or villa rental must be kept on an inventory list and checked physically each time a guest departs. If you live in another country but own rental property in an area of Spain such as Costa del Sol, Marbella, Benalmadena or any other area, then obviously you’re going to need someone locally who can check your inventory for you. Choose a property rental service that provides these types of services to eliminate worries while you’re away.

4. Building Refurbishing and Major Repairs

Another feature to look for in a property rental service is whether or not they provide building refurbishing services and major repairs. The benefit of this is the provider will already have contacts to do the jobs needed. You won’t have to spend endless hours trying to find a dependable contractor or handyman.

5. Promoting Your Apartment or Spain Holiday Rental

Check to be sure the property rental service will promote your apartment for rent or Spain holiday rental. Promotions will increase your number of rentals and profits each year. A property rental service may handle your advertising in local, national and international venues. If they have a website, they may promote your holiday rentals at the site. If you own a vacation rental near golf courses, then make sure they will advertise your rental from the angle of “golf holidays.”

Keep these features in mind during your search for a property rental service. By choosing a service with great features, you’ll have peace of mind knowing that your holiday rental or apartment for rent is in good hands!

6 Key Factors Successful Vacation Rental Owners Always Use

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If you are going to spend money advertising your vacation rental property on vacation rental websites, you want to make sure it is a success. Here are 6 things you can practice which will help ensure you receive the most “bang for the buck”.

1. SET RENTAL RATES APPROPRIATELY – If you want your vacation property to rent, you must be realistic, optomistic, but not greedy! Set realistic rental rates for your property and ensure that the rates are correct on the site(s) your l…

vacation rental, successful vacation property, vacations, rental owner tips

If you are going to spend money advertising your vacation rental property on vacation rental websites, you want to make sure it is a success. Here are 6 things you can practice which will help ensure you receive the most “bang for the buck”.

1. SET RENTAL RATES APPROPRIATELY – If you want your vacation property to rent, you must be realistic, optomistic, but not greedy! Set realistic rental rates for your property and ensure that the rates are correct on the site(s) your listing and regularly reviewed as the market changes. Search for comparable properties (“comps”) in the same location as yours. Only charge a premium if your property has some distinct features. And, be willing to discount your property on occassion as needed. In this business, if you lose money for a week long rental, you can’t make that up!

2. CHECK E-MAIL REGULARLY – When using an internet vacation rental property website such as http://Rentals2Remember.com or http://eVaca.com, remember your users. They are typically Internet “savvy” and probably check their e-mails frequently…especially if they have requested some info. Also, be sure your phone number is listed on sites that allow you to as sometimes people choose to just call you directly, so be sure to check phone messages.

3. RESPOND IMMEDIATELY – Vacation goers usually see a few properties that are of interest to them and then contact those owners. The faster you respond, the better chance (most of the time) you have of winning them over. There have been times I have rented properties in the past and because it took an owner 24 hours to respond, I had already chosen another property. A timely and efficient response gives the renter confidence that the rental experience will follow suit.

4. YOUR LISTING SHOULD BE ACCURATE AND COMPLETE – Be sure that your listing details are kept up to date and are complete. Review your online listing frequently to be sure that your contact information are up-to-date. Also, be sure that it is accurate on the description of your property and its amenities. This will help you with repeat customers, but will also keep you out of trouble with rental contracts or laws in regards to such things.

5. GREAT PHOTOS – It is true what they say, “a picture speaks a thousand words”. Remember, renters are considering staying at your rental based (most of the time) solely on your pictures and your word. The more pictures to help them be comfortable with the decision, the better. Here is how I look at it. If you were going to buy a used car, would you do so over the Internet without a good look at the outside/inside of the vehicle, the engine, etc. Not exactly the same, but you get the picture. The more pictures and the prettier, the better. Be sure to have pictures of your rental amenities such as a pool, the beach, a mountain view, the lake or a golf course – these are top vacation rental sellers!

6. BOOST YOUR EXPOSURE – There are many “hot spots” for vacationers throughout the world. Before we owned property, my family used to head to Destin every year, usually twice. There are thousands of vacation rental properties in the Destin, Panama City Beach area. In areas like this, boost your exposure by getting to the top of your sites search engine. If it costs you £20, £50, even £100 to do so but that gets you one extra rental a year, that makes it more than worth it.

A Loan Invitation To All The Tenants – Low Cost Tenant Loan

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Tenancy has many problems related to it, to reduce the burden and offer them a fair chance to express themselves, an option that is worth considering is the low cost tenancy loan.

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Money makes the world go round and this saying has never been in more prominence then in these modern times. It is the money which does all the talking and all the walking. So if you have the money then its ok, else you are one of the millions whom no one seems to take seriously.

To make yourself a success one thing that is paramount is money, especially for people who come from lower middle class families. They generally are people who are tenants and find great difficulty in getting the loans. This hampers the progress that one can make in his area of work or interest. To make parity the borrowers with that profile can now resort to the low cost tenant loan.

A low cost tenant loan is a loan which is designed to help people who are basically tenants and need money to fulfill their needs. The loan can either be a secured loan or an unsecured loan. It all depends whether the tenant has something that he can provide as collateral to the creditor. Also, as the name suggests the loans are of low cost that means that the borrowers do not have put themselves under any stress to pay off the loan. The other features of the loans also allow the tenants to build on what they want to build.

Benefits of the low cost tenant loans are not only limited to people with normal credit history, they also provide the solutions to the problems of people with bad credit history. The only difference is that they might get charge a higher rate of interest then the other borrowers because of the profile. It also depends on the credit score that they have got from there previous loan. But on the other side they can improve on their credit score if they follow they follow the loan repayment schedule correctly.

If you want to apply for the low cost tenant loan, the borrowers can follow one of the two methods of applying for the loan. Either a borrower can apply to a local lender or, as many people do can apply through an online lender. By this way the borrower has many options and also the data remains confidential. However, the client must verify that he has fulfilled all the criteria that are required to apply for a loan. It generally includes residential ship of the country along with a regular income from the business or profession once all the things are sorted the person can apply for the loan.

Living a tenant’s life is tough, although if you want to move forward you have to take pains, one thing that will make you move forward without taking risks are the low cost tenant loans.

About Rental Insurance

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Many renters don’t stop to think about what happens if there is a fire, someone breaks in and steals their new TV or stereo, or a visitor slips and falls on their property. The sad truth is; you will be responsible! While your landlord has
insurance that covers the actual building, that coverage does not include your personal property or liability for injuries which occur in the space you rent ~ be it an apartment or a house and yard.

If a fire should destroy or damage y…

apartment,apartments,apartment apartment insurance,renting,rentals,real estate,renters insurance,ren

Many renters don’t stop to think about what happens if there is a fire, someone breaks in and steals their new TV or stereo, or a visitor slips and falls on their property. The sad truth is; you will be responsible! While your landlord has
insurance that covers the actual building, that coverage does not include your personal property or liability for injuries which occur in the space you rent ~ be it an apartment or a house and yard.

If a fire should destroy or damage your home, your landlord’s insurance will cover the structure. It won’t cover damage or loss of your belongings. Neither will it provide for the cost of temporary housing for you and your family.

You may think you don’t own enough personal property to make the cost of insurance worthwhile. You’re probably wrong! If you sit down and add up the cost of everything you own, you may be in for a big surprise. Consider what you have invested in such things as:

• Furniture and accessories
• Electronics like TV, stereo, computers
• Small appliances like microwaves, toaster ovens, etc.
• Clothing
• Art work like paintings or prints
• Dishes, silverware and cookware
• Sporting equipment
• Books
• Jewelry

Could you afford to replace all of these things?

Even worse, what would you do if a friend is injured on your property and decides to sue you for medical costs and more? It’s a scary thought, isn’t it?

Are you beginning to see why rental insurance may be a very wise investment?

The cost of rental insurance is based on several factors:

• The dollar amount of your coverage

• Deductibles

• Whether you choose to be reimbursed for Actual Cash Value or Replacement Costs (more about that in a minute)

• Where your rental property is located and the number of previous claims made, not only by you, but by others living in the same area.

Let me explain the difference between Actual Cash Value (ACV) and Replacement Costs. ACV is the value of your property at the time a loss takes place. For example, if your television set is five years old, it’s valued at much less than if it were brand new. The lesser amount is what you are reimbursed.

However, if you opt for Replacement Cost, you’re paid whatever it costs to go out and buy a new TV with similar features. Insuring for replacement cost raises the amount of your premium so it’s a good idea to get quotes for both ACV and Replacement Cost policies. Then you can decide which option fits your needs and budget.

Another thing to keep in mind is that jewelry, valuable collections, and guns are usually covered under a separate policy or “rider”. If you own these kinds of items, be sure to tell your insurance agent. You don’t want to find out after disaster strikes that they aren’t covered or that they aren’t covered for their true value.
One way you can reduce the cost of your rental insurance is to check with whichever company insures your car. If they provide rental insurance you may be eligible for a multi-line discount.

Rental insurance may be worth the investment just for the peace of mind it offers you.

Advertising Rental Property

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The only way to avoid unnecessary litigation is by screening prospective tenants and conducting background checks.

Tenant screening, landlord tenant screening, Employee Background Checks, Criminal Background checks, Tenant background checks,Background check services, criminal screening, tenant background screening

There are many different ways a landlord can advertise his / her rentals property. The kind of advertising that works best depends on numerous factors that include property characteristics, location, landlord’s budget, and whether he / she is in a hurry to rent. There are many combinations of advertising methods landlords and property managers use to achieve the best results, some of which are as under.

1. ‘For Rent’ Signs

The most common method of advertising is the putting up of a ‘For Rent’ sign, either in front of the building, or in one of the windows. A relatively cost-free method, it works best if a lot of foot and motor traffic goes past the building. It also helps if the building is as attractive as the rental unit.

2. Advertising in the Newspapers

As much of a tradition as ‘For Rent’ signs, newspaper ads are also available online, if the paper has an online version. Many potential tenants begin their search for a place to rent by scanning the classified ads in newspapers, while, out-of-towners can log on online to the local paper from wherever they are. Ads should always be placed in papers having many residential listings, as it has been found they work best.

And, they should be targeted to produce the right kind of prospective tenants i.e. if a landlord primarily rents out to college students, the best bet is to advertise in the campus newspaper or put up a ‘For Rent’ sign in the housing office. To play it safe, it is also a good idea to list the rental in a general newspaper, as well.

3. Neighborhood Flyers

As well, a landlord can post ads on neighbor hood public bulletin boards to be found at grocery stores, Laundromats or coffeehouses, complete with tear-off strips listing their phone number. However, if the property is upscale, this is not the best way to advertise for it, though there might be takers at the high-end gym down the street.

4. Listing Online

Online rental services have mushroomed like crazy in recent years, from national in scope, to regional. After finding a residential rental listing for your area, you can add your property to it.

5. Home Or Apartment Finding Services

Home or apartment-finding services are very popular in some areas, with landlords paying to list their properties, though sometimes it is the tenants themselves, who pay the fee when the unit is rented.

6. Spreading the Word

Small-time landlords instead of advertising widely and screening potential tenants, find it easier to market their rentals through word-of-mouth i.e. telling friends, colleagues, neighbours, and current tenants. After all, people already living on your property will invite decent neighbours. So, when a property becomes vacant, simply send a note around to every one, asking them to tell friends or relatives about the available apartment.

7. Real Estate Offices

Many real estate offices handle rentals, but of course, there is a fee involved.

8. Property Management Firms

Going through a property management firm is the easiest way to do it. They handle advertising, showing tenants around, as well as, selecting tenants, collecting rents, and interacting with residents during tenancies (handling repairs, etc. etc.). A paid service, it is for landlords with large rental properties and no time to spare.

Next Steps

Once, the advertising has been done, the next step is to create a rental application and select a tenant. When advertising vacancies and selecting and rejecting applicants, read up on the Fair Housing Act, so as to avoid any inadvertent lawsuits. Evaluate prospective tenants by thoroughly checking out their rental applications, legal residency forms, and tenant consent forms for contacting references, performing credit checks and criminal and background checks.

The only way to avoid unnecessary litigation is by screening prospective tenants and conducting background checks. Simply visit www.e-renter.com for tenant screening and background check services.

Apartment Renting Checklist

Before you begin your search for an apartment, you need to make an apartment renting checklist. This list will be your guide to inspecting the premises, finding out your responsibilities and will help you decide if the apartment is right for you. Your checklist should include, premise condition, yard usage, parking information and utility costs. If you take the time to follow this apartment renting checklist you will have a better idea about whether the apartment is right for you or not.

The first section on your list should be the premise condition. This will include, wall conditions, bathroom conditions, kitchen conditions and appliance conditions if they are included. Take a good look at the flooring, carpets should be clean, wood floors should be free of deep scratches, or this should be noted on a lease report. Check the windows, to make sure they are sealed properly and are the newer or older windows. Older windows seem to be a little less energy efficient.

If you do find windows that are in need of repair because of drafts or deterioration, you should comment on this the property owner. In some cases, he or she may decide to replace the windows, but more so, they will probably have someone come in and fix the existing windows. If the glass is cracked, you will want this to be fixed as well. Note if there any storm windows as well what there condition is before finishing with the windows.

The next part of your apartment renting checklist should be the parking and yard conditions. You need to find out if you are entitled to a parking spot, were it is as well as what, if any, are your responsibilities for yard work and can you use the yard to entertain if you want. Sometimes upper flats do not have yard privileges unless specified in the lease agreement. This is always important to find out before signing any lease.

If you are renting an apartment with pets, you will be responsible to clean up after your pet. If the other apartment has a dog, you need to know what the expectations are for both of you as tenants. You will also need to know about garbage collection as well as who is responsible for taking the garbage to the curb or do both of you do your own.

If you decide to rent the apartment, you will want to take pictures or a video of the entire apartment and mail it to yourself and keep it sealed until you move out. This protects you and the property manager as well from any questions about the condition of the apartment and anything that is included with the apartment.

Mailing it to yourself and keeping it sealed, protects you any cases there are questions about the condition when you moved in and it will have a postmark saying when the tape or pictures were taken. This important step should not be forgotten about and needs to be done before you move into the apartment or house.

As The Tenant Turns Homeowner

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We all have to live in rented houses and apartments till we finally save up enough money to buy one of our own. Not that there is any great problem in living in a rented apartment. But there is always that niggling feeling that this is not our own place; that it belongs to somebody else. You cannot make any long term modifications in the house. Making major renovations are out of the question. You do not even have the desire to invest in that perfect couch merely because carr…

Homeowner, cheap loans

We all have to live in rented houses and apartments till we finally save up enough money to buy one of our own. Not that there is any great problem in living in a rented apartment. But there is always that niggling feeling that this is not our own place; that it belongs to somebody else. You cannot make any long term modifications in the house. Making major renovations are out of the question. You do not even have the desire to invest in that perfect couch merely because carrying it around from one rented apartment to another would be such a bother.

Rented houses are all right from the point of view of a temporary state of affairs. However, as soon as we feel settled in our jobs, our families, and our lives in general, the urge to return to a place of our own begins to rise. John Denver sang, “Take me home country roads / To the place I belong.” We all want to belong somewhere. And that sense of belonging does not really come when you are living in a rented apartment. The only way to get that sense of belonging? Get a place that you can finally call your own.

Of course, shifting from the status of a tenant to that of a homeowner is no easy task. For one, buying a home is an indication that you are ready to settle down to a more stable living pattern. Is it a sign of age? Perhaps. And which of us is willing to reveal how old we have really become? Moreover, purchasing a house, no matter how small it is, will definitely burn a hole into your pocket. Add to that the fact that most of us cannot purchase a house without getting adequate help from a financial institution.

However, thanks to the popularity of loans these days, the shift from tenant to homeowner has become relatively simple. It is no longer all that difficult to get your loan application selected. Unsecured loans are full and plenty and it is quite easy to find cheap loans these days. Of course, unsecured loans do not only go into the buying of a house. You could also use them for debt consolidation. Loan taking has become very convenient. And as a result, so has buying a house. You no longer have to be a tenant if you are hoping to get a place of your own. Just find a loan to help you buy it.

Atlanta Apartment Rentals – Shop where you live

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Choose a dream apartment rental in Atlanta & Georgia area from a database of 100,000 apartments. Get the apartment at the lowest rent. Atlantapartments4rent.com will render this service to you Free

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Hunting for an apartment can be a painfully long process. If you have been on the lookout for an apartment in a big city like Atlanta, Georgia, you would have probably realized that it is not very easy to come by. You may find apartments, but when it comes to an apartment of your choice, despite putting your 100 percent effort, you may not find your dream home. By making use of the services of professional Atlanta apartment rental search services, you can now easily find Atlanta apartments, Town homes or Condos in the Atlanta Georgia area. Atlanta Apartments 4 Rent takes the hassle out of your apartment hunting experience by making it easy for you to find an Atlanta apartment that you may have in mind. All you need to do is, sit back and relax while we research the best Atlanta apartments rentals at the best rent rates. And this service comes free to you!

Shops, restaurants and malls just within a few meters from your apartment make for an attractive proposition. And that is exactly what you can get when you use or services. Our apartment rental service is designed to save you both, time and money. We maintain database of thousands of apartments in Atlanta & Georgia, most of which are concentrated in Atlanta. You can either check out all apartment listings or fill in a small form with your own specific requirements. Once you give us your requirements, we find out suitable Atlanta apartments with our apartment finder tools and develop a list of apartments that meet your needs. Browse through the list of Atlanta apartment rentals from your home or office, read the reviews and then decide.

Since our apartment specialists know about the best Atlanta apartment rentals, they will find them for you at the best prices. And if you have been wondering how we can provide you free apartment finder services, we would like to assure you that the Atlanta apartments compensate us. And that’s how our efficient services come 100 percent free to you!

Whatever type of house you may have in mind, we help you find it easily and quickly. Find an apartment that apart from the basic amenities offers all conveniences and great neighborhoods. Whether looking for a large apartment, townhouse or for apartment sharing, settle for the best deals only at atlantaapartments4rent.com!

Attract Tenants Through Advertising

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For a successful business, it is very necessary to advertise various products and services that are provided so that the customers can have a look at these products and then choose according to their tastes and preferences. By advertising, the business unit gains popularity and the overall growth is dependant on it as it contributes in increasing the level of profit.

Nowadays, advertising for real estate is also on the forefront as if you have a property to give it on ren…

rental business

For a successful business, it is very necessary to advertise various products and services that are provided so that the customers can have a look at these products and then choose according to their tastes and preferences. By advertising, the business unit gains popularity and the overall growth is dependant on it as it contributes in increasing the level of profit.

Nowadays, advertising for real estate is also on the forefront as if you have a property to give it on rent but you are not finding an appropriate way to find a genuine buyer, you can advertise about your real estate and can find a large number of buyers that would be interested in taking your property at rent and paying you a handsome rental. Moreover, renting needs a lot of courage as it might be possible that the tenant might not pay the rent on time or keep your property with care.

Therefore, advertising your rental property is the best option to go with. These advertisements are easily accessible by various people and this helps in the marketing of property rentals. You can also take the services of a rental agency that will help you in getting a good tenant for your real estate. These rental agencies are gaining wide popularity because they attract a lot of people by their special renting schemes.

The best way to advertise your property for rent is to put your property�s specifications and details on your Local Flyer 20 or more zones and on national rental website as this will contribute in attracting a large number of buyers across the country and the rental for your property will have a larger market and thereby helping tremendously in increasing the value and interest of your property,

You can also go with the option of advertising or putting up a notice on your community�s board that will highlight your proposal of renting property at exclusive prices. One can also go with the option of increasing the visibility of the rental property notice at schools, colleges and offices.

In addition, when you will find a potential tenant, don�t make hasty decisions and check the important details about the renter as if there will be a bad tenant, you will have to face severe problems.

Also, it is necessary to make the tenant acquainted with rules and regulations beforehand and a rental agreement should be duly signed. Last but not the least, while advertising; make sure that you don�t miss to mention that you need potential and trustworthy tenants for your property

Avail finance on better terms at Bad Credit Tenant Loan

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Tenants usually do not own property to take loan against and if they are labeled bad credit then taking a loan becomes all the more difficult. Bad credit tenant loan is designed especially keeping bad credit and weak financial position of tenants in mind. The loan is available hassle free and at comparatively lower interest rate. Read the article for its key aspects.

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In these days of consumerism, lean financial phase may visit any person. Frequent use of credit cards and easy availability of money has pushed large number of borrowers into debts and as a consequence they are being labeled as bad credit. If such people are tenants, loan availing for them becomes a tough experience. These borrowers now can take refuge in bad credit tenant loan as the loan can be availed hassle free and at comparatively lower cost. Tenants can make use of bad credit tenant loan for variety of purposes such as buying vehicle, paying medical or education bills, going to a holiday trip etc.

A borrower is labeled bad credit because of his tendency for payment default. Such borrowers have also faced county court judgments cases. Their adverse credit history is represented in their credit score. FICO credit score of these borrowers remains at 580 or below on the scale ranging from 300 to 850. Credit score of 720 and above is considered as risk free for offering loan.

Therefore, before going for bad credit tenant loan, make efforts to show improvements in credit score. An improved credit score reflects your seriousness towards paying off loans and lenders may relax terms and conditions. You may be having some easy credit card debts and if those can be paid off, the credit score goes up. Also, ensure that your credit report is error free which helps in getting better credit score.

Since tenants normally do not own a property to take the loan against, bad credit tenant loan in most of the cases is unsecured loan. Tenants do not offer any collateral to the lender. Hence, to ensure security of the loan, lenders like to look into income source and financial standing of the borrowers. The loan amount and interest rate depends on the borrowers’ financial background, credit score and income. If these are on positive side, the tenants will get even larger loan.

Being mostly unsecured loan, the interest rate on bad credit tenant loan is higher. This is because the loan providers have to pay for insurance of the loan as there is no security of the loan offered by tenants. For the same reasons, lenders give a shorter repayment term to tenants. Shorter repayment term, however, does not bother tenants much as they normally they avail loan of smaller amount which can be cleared in few years.

As far as higher interest rate on bad credit tenant loan is concerned, it can be taken care of by the borrowers. Tenants should compare different interest rates of the loan providers and they can settle for the lower interest rate provider lender. You can compare loan packages of many lenders by applying online for bad credit tenant loan. Online lenders charge no application processing fee so that cost of availing the loan gets reduced.

Bad credit tenant loan thus goes a long way in restoring financial health of tenants going through a bad credit phase.

Bad Credit Tenant Instant Decision Loans – Rebuild Your Credit Sore!

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It is not difficult to get a loan being a tenant anymore! Yes, it’s true. Now, you can choose from an array of loans to suit your needs. Give a new lease of life to your financial situation with the help of these loans.

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It is a tedious task to get a loan approved with a bad credit! It adds on to your difficulty if you happen to be a tenant running on bad credit!

However, you can get over the tough situation with little research. Since lenders have become aware of the growing needs of such borrowers,
they have come up with various loans to suit their needs.

Yes, this is true! You may be a tenant in need of loans with a bad credit score. You can still get a loan with such background. Put an end to all your worries with a bad credit tenant loan instant decision loan. These loans cater specifically to the needs of such borrows. In fact, they give a
new lese of life to your financial situation! Isn’t that amazing?
By opting for these loans, you stand to gain in two ways. One, you can get a loan despite a poor credit history. Secondly, you don’t have to go
in for a credit check too. It is an excellent opportunity to meet your needs while avoiding a credit check. You can use them for any of your need like:
Debt consolidation – Instead of paying several debts through various loans, you can make a single payment for all the debts with a single loan.
• Meet any of your immediate needs, like pay medial bills, etc.
• Rebuild your credit score
• Buy a house or car
• Go on holiday

Bad Credit Unsecured Loans No Collateral – Avail Loans Fast!
Collateral helps one get a loan fast. But you need not worry if you cannot afford to pledge some valuable asset as collateral. Do away with the
fear of unavailability of loans with a bad credit! Explore all your options before making any choice.

Bad credit unsecured loans no collateral are one such option which can help you avail a loan without offering ay collateral. Moreover, you need not worry about a bad credit score too. You can avail these loans at a lower rate of interest too. Over a period of time, you can save a substantial amount of money too.

Most importantly, you can immediately start reworking on building a good credit score. An improvised credit score will help you do away with the
tag of bad credit score. This in turn will increase your chances of getting a loan fast. Make best use of the opportunity NOW by availing these loans.

You can also get expert advice from the financial experts to learn more about how to meet most of your needs with the help of these loans. They can help you find the perfect deal for all your needs.

Make maximum use of this opportunity now!

Bangkok Rental Market Thrives

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Thailand Property Report by Dawn Ferguson – With housing allowances in the range of Bt70,000 to Bt100,000 a month, Bangkok’s high-paid expatriates have money to burn – and they want homes with all the Western-amenities they’re accustomed too.

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Thailand Property Report by Dawn Ferguson – With housing allowances in the range of Bt70,000 to Bt100,000 a month, Bangkok’s high-paid expatriates have money to burn – and they want homes with all the Western-amenities they’re accustomed too.

For condominium and apartment owners, this segment of the market is a potential gold mine, particularly given most of these expects are here on a short-term basis. The statistics certainly are promising, but as competition grows, it’s not an easy market to enter.

CB Richard Ellis Thailand executive director James Pitchon told Property Report Thailand that demand for high-end rentals increased in 2006 and the number of expatriates in Bangkok with work permits grew to 67,412 in 2006, a 12.5% increase year on year according to statistics by the Alien Occupational Control division of the Department of Employment. The largest segment of this market is Japanese – 22% – as the so-called “land of the rising sun” is the largest foreign direct investor in Thailand.

Pitchon noted that the rental market is in actuality even higher, as those numbers exclude diplomats and agencies such as the United Nations. They also exclude foreigners without work permits, but Pitchon says they consider most of these to be part of the retiree market, who traditionally buy their units.

“The good news is that demand increased. Last year there was only a limited amount of new supply in apartments, and there were only about 330 units completed last year. But the number of condominium units grew by over 4,000 units. That will continue to be the case in the next two to three years,” he said, but added this figure excluded serviced apartments, which are considered a very different product – somewhere in between a hotel and an apartment. Many now have a hotel license, so they’re operating on a more short-term basis.

“From a supply point of view, the big question is, how many of these apartments are expat quality, and how many owners of these new condominiums will want to lease them out?” asks Pitchon. ”Recently a new supply has appeared in the downtown area, and there’s been a greater focus on small sized units, many of them aimed at the Thai market, so not all the new condo supply will be of a standard that appeals to expats, but there are a lot of condo units.”

Pitchon says the proportion of owner occupation and units purchased by people on a buy-to-lease basis varies from building to building: “Of the developments that are just coming up to completion, the number that will be available for rent ranges between 30-50% at the moment. So, although demand has risen, there will be quite a lot of condominium supply coming on.”

This means that competition is going to be tight in the coming year. Generally, expats given the choice would prefer a single ownership apartment, says Pitchon, because the owner is able to service all their requirements whereas in a condo the owner might not even be in Thailand. And in many cases the owner has not put in place a local manager to look after his apartment. So the challenge for condominium owners who have bought to lease out is how to manage their units because tenants will have questions.

“So if the air conditioner breaks down, who’s going to fix it? It will not be the staff looking after the common areas of the condominium, because their responsibility is not private property. So owners must think about how they will manage and maintain the units.”

This includes implementing pest control contracts, regular A/C maintenance contracts, and, most importantly, there has to be a clear understanding between the owner and the tenant of who’s responsible for doing what.

The most popular area for expats is still Sukhumvit, followed by Central Lumpini and the Sathorn area. There are two satellites, one being around the International School of Bangkok and there is also a smaller cluster around Bangkok Pattana School. As for the up-and-coming riverside, currently there is limited demand from expatriate tenants, generally because of access issues. A small segment of expats are heading to other areas, such as Thonglor. “Again you’ve got access to the skytrain but in a slightly lower density environment,” said Pitchon.

The expat rental market is driven generally by housing allowances granted to employees and employees generally spend all of their allowances, but not put their own money in. “The biggest change in the market has been that Japanese with families now receive higher allowances than they did previously,” says Pitchon. “Some will give Bt70,000 or Bt75,000 for a three-bedroom apartment. The Japanese tend to be at the lower end of the market but they are a significant level of demand.

“What’s happened is that much of the existing stock is over 10 years old. We’ve seen very few apartments built since the financial crisis over the last 10 years, more condominiums, and what has been happening is that new supply, with smaller units, is actually getting higher rents because it looks better. Modern design.”

As for housing rentals, Pitchon says the market is small because there a limited supply of homes in central areas, including in the Sukhumvit area. “Sansiri on 67 had rented well, but there is a limited market for people with over Bt100,000 a month to spend,” he said. “There are few companies that pay that kind of housing allowance.”

As for two-tiered pricing for Thais and Foreigners, there really isn’t a Thai rental market. Given that Thais have the freedom to buy and sell what they choose, unlike foreigners, those with high salaries and incomes just won’t go out and rent 75,000 a month apartments. So there is no Thai market above Bt15,000 a month.

“The rental market is efficient in terms of transparent pricing, information on products and a regular turnover,” said Pitchon. “So if a building doesn’t maintain its standards, then new expats will not move in.”

Becoming A Landlord: Things To Consider First

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Being a landlord is certainly a great way to make more money in the real estate business, because as a landowner who can also generate income through rental and lease agreements, you can often increase your earning power significantly.

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Being a landlord is certainly a great way to make more money in the real estate business, because as a landowner who can also generate income through rental and lease agreements, you can often increase your earning power significantly. Not only do successful landlords make money from rent; they also gain from increases in the equity value of their properties. And there are tax incentives for landlords, to make such things as repairs deductible as business expenses.

Before venturing into the business of owning and leasing property, be aware that sometimes the role of a landlord can be a full time job – and it will always constitute at least a serious part time job that requires your undivided attention several hours or more each week or month. Emergencies happen and your tenants need to call you – or your representative – at any hour of the day, even on holidays and weekends, to get help. Sometimes tenants don’t pay, and you have to become a bill collector or deal with the local authorities to have tenants evicted from your building. And there are times when you have to do routine chores like painting fences and cutting the grass. So unless you enjoy this kind of nonstop responsibility, you may want to look into the possibility of delegating some or all of the landlord tasks to another person or organization.

There are many ways to assume the job of landlord. Many real estate investors assign the entire responsibility to a property management company that specializes in providing services to owners who don’t have the time or the desire to be day-to-day landlords. A management company can handle things such as handyman repairs, rent billing and collection, tenant complaints, maintenance of insurance coverage, exterior landscaping, interior maid service and cleaning, replacement of old or damaged furniture and appliances, and advertising for new tenants. In exchange for these services, the management company will be paid, usually as a percentage of the income produced by the property. For example, a company might charge you one month’s rent each year, to oversee the rent of a single-family house.

Another common approach is to appoint a tenant to assume some of the duties of the landlord, in exchange for reduced or free rent. If you have an apartment building, for instance, and there is a police officer living in one of your units, you could agree to give the officer one week of free rent each month, in exchange for keeping an eye on the premises when you are away. Or you could give free rent to a tenant who agreed to maintain the landscaping and make sure that garbage collection is done on a routine basis.

Before becoming a landlord, make a list of the duties involved. Then decide which ones you want to do, and which ones you would rather hand off to someone else. You may find that striking a comfortable balance between doing some on your own and delegating the rest to others is a great way to be a landlord without letting the responsibility overwhelm you.

Before Renting an Apartment

Renting an apartment is a very serious decision which warrants a great deal of attention before a final decision is made. When choosing an apartment to rent, renters have a variety of factors to consider including, but not limited to, price, size, location, amenities, whether or not they want a roommate and how long they want to stay in the apartment. Those who plan to rent an apartment should consider all of their options before making a decision to ensure they are making the best possible decision. This article will discuss the importance of considering all of the possible options as well as the possibility of having roommates and the importance of reading contracts carefully.

Consider All of the Possible Options

When renting an apartment, the renter should first investigate all of the options available to him to ensure he is able to make an informed decision. This is important because the renter may not even be aware of all of the available options until he starts to for an apartment. The best way to find out what type of apartments are available is to do some research on the Internet and in newspapers and rental magazines and then start visiting apartments which seem interesting. In visiting the apartments the renter will get a better idea of the size and types of amenities which are available in his price range. He will also begin to learn more about the types of amenities available. This is important because not all apartments will offer the same amenities. Renters may not find what they are looking for unless they visit a few places before making a decision.

Consider the Possibility of Roommates

Deciding whether or not to have a roommate or multiple roommates is one of the important decisions a renter will have to make. This is an important decision because roommates can make a living situation either significantly better or significantly worse depending on a number of factors. These factors may include compatibility of the roommates, ability to pay the rent and ability to assist in the household activities.

Having roommates can make an apartment more affordable. Often larger apartments may be more affordable for two people than a smaller apartment would be for one renter. Additionally, apartments designed for two or more people often have a larger overall living space with a larger kitchen, dining room and family room. This makes the possibility of roommates very appealing to some renters.

However, there are some caveats to making the decision to live with a roommate. Care should be taken to carefully screen potential roommates to ensure they are not potentially harmful. Strangers do not present the only potential roommate problems. Problems may even occur when the roommate is a trusted friend. In these cases, compatible living styles may be the issue. For example, if one roommate likes to stay up late and listen to music or watch television and the other roommate likes to go to sleep early there can be some conflicts if compromises are not made. Also, if one of the roommates is particularly neat and the other rather messy, conflicts may arise.

Read the Contract Carefully

Whether a renter opts to have a roommate or not and regardless of the type of apartment they select, the renter should be careful to read the contract before signing it. This is important because a rental agreement is a legal document and the renter should understand this document before they sign the agreement. Many renters may never need to know the exact information in their contract document but if a dispute arises, the renter should be aware of his rights. Additionally, the renter should pay special attention to any sections of the contract which specify the landlord’s ability to evict the tenant. Contract sections specifying the requirements of the renter are also very important. This may include requirements for breaking the lease agreement in the event that the renter has to move before the lease period ends.

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Being A Tenant Gets Extra Privilege With Personal Tenant Loans

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Personal tenant loans are specially tailored for tenants. These loans are unsecured loans. So, one can avail these loans without any collateral.

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Availing secured loans is bit tough for tenants, as they do not have anything for using as collateral. Now time has come to change this scenario. With personal tenant loans tenant can also borrow money now.

Personal tenant loans are specially made for tenants. These loans are a sort of unsecured loans. Thus, as a tenant you can get personal tenant loans without collateral. But, the lender will check your credit history before giving a personal tenant loans. He may take help of credit rating agencies and can also verify your repayment capacity.

However, some pre-requisite criteria play an important role to obtain personal tenant loans. These are:

• You should be a full time employee
• Your bank account accepts a direct debt card facility
• Your identification and residence proof
• You must have a contact number. It could be a telephone line number or mobile.

With personal tenant loans, you can borrow money ranged from £1,000 to £50,000. Besides, you will get an option to choose the repayment period that could be from 1 to 25 years. But, the rate of interest is relatively high, as personal tenants loans are available against no collateral. Still with negotiation you can make it your pocket friendly.

Nevertheless, before applying for a personal tenant loans, you must check your financial capacity. Though there is not question of collateral repossession, if you fail to repay the loan amount. But in that case, the lender can take some legal steps. So, at first be sure that you will be able to pay off the amount and then opt for a personal tenant loan.

At the same time, you should keep in your mind that you would have to submit three years accommodation and address details and three years employment history with your loan application. So, if you have recently changed your address or job, then you may be in trouble at the time of getting personal tenant loans.

Availability of personal tenant loans is not a big problem, as many banks, lending companies offer personal tenant loans. The Internet can also be used as a good source, since many online lenders provide personal tenant loans. Even online application will make your search easier. You just need to fill an application form and after that lender will contact you automatically. And needless to say, to get the best deal always compare different quotes of various lenders and then choose the most suitable one.

Personal Tenant Loans are specially customized for tenants, who are not able to avail a secured loan. With personal tenant loans, as a tenant you can borrow money to fulfill your personal desires.

Benefits of Renting

While there are some renters who view renting an apartment or a house as a failure, there are others who see the benefits there are to be gained from renting a property as opposed to purchasing a property. Some of the benefits of renting include the ability to save money while renting for the purpose of purchasing a home, few maintenance requirements and the inclusion of amenities which the renter would not likely be able to afford if they were to purchase a home instead of renting. Although there are some negative aspects to renting an apartment, this article will focus exclusively on the benefits of renting a property.

The Ability to Save Money

Being able to save up a great deal of money for the purpose of making a down payment on a dream home is just one of the many great advantages to renting a property. Many homeowners were able to realize their dream of homeownership only after living in a rental property for a certain amount of time. Although renting is often criticized as throwing money away because it does not result in equity, the ability to save money while renting is unparalleled

Rent for an apartment is usually considerably less expensive than the monthly mortgage on a home. The home is also typically much bigger than the rental property but in cases where the renter is renting for the sole purpose of saving money, the value of renting cannot be denied. Depending on how long the renter stays in the apartment, they may save hundreds or even thousands of pounds during the course of the rental agreement.

No Maintenance Properties

Another advantage to renting a property is there is typically little or no maintenance required by the renter. This is especially true in an apartment situation. The renter may be responsible for small items such as changing light bulbs but more extensive repairs such as leaks in plumbing or clogs in drains are typically handled by the maintenance staff of the rental property.

Additionally common areas such as grassy areas or gardens are maintained by the maintenance staff. The exception is usually when the renter rents a home as opposed to the apartment. In these cases the renter may still not be responsible for small repairs but might be obligated to take care of items such as maintaining the grass.

Worthwhile Amenities

Another advantage to apartment living is often the amenities offered to residence. Such amenities might include usage of the pool, an exercise room, meeting spaces and a theater room. In most cases these amenities are offered free of charge to resident and their guests. Many renters who might be able to purchase a home would not likely be able to purchase a home with amenities such as a pool, fully equipped exercise room and a home theater.

These items are often considered luxurious and are not available in the majority of homes which are on the market at any particular time. In fact searching for homes which specifically have these features may severely limit the number of search results and may result in no search results at all when these features are searched in conjunction with a typical price range. However, those who rent can enjoy access to these amenities. They may pay more in rent than those in a comparable apartment complex without these amenities but they are also still likely saving a considerable amount of money each month as long as they are budgeting wisely and have chosen a rental property within their price range.

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Boost Your Spain Property Rental Profits with Viral Marketing

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These simple steps can help you boost your Spain rental property profits in no time…

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If you are pressed for time and tenants, you’ll want to read this! Property rentals can be very lucrative if you know how to market to your potential guests. Whether it’s an apartment for rent, villa rental for vacationers, or a golf holiday rental, you can boost profits with these simple marketing strategies.

Maximize Holiday Rental Promotions Online

Don’t ignore the tremendous power of the Internet. Imagine spending a mere £5 to £15 per month to advertise your Spain property rental to folks around the world 24 hours a day, 7 days a week! That’s exactly what you’re doing when you start your own website that is focused on property rental.

For only a few pounds per month, you can have an entire website dedicated to promoting your apartment for rent or vacation villa rental. You can put as many photos and updates as you want. There are no limits because you will be the owner! You can even offer online specials and discounts to Internet users.

To make your website really popular with the search engines, include travel articles and city information about nearby areas. For example, if you own a rental property in Marbella, Spain you can write content about that area and include keywords about traveling to Marbella. The same goes for other Spain holiday hot spots including Costa del Sol, Benalmadena, Fuengirola, Mijas, Puerto Banus, and Elviria. Tourists will be searching online for a place to stay. Yours can be the one they choose!

Promote for Events and Recreation

If you have a vacation rental that’s near a major tourist or sports attraction or where major events take place, then focus some of your marketing around the attraction or the event. For example, if your rental property is near a popular golf course in Spain where major tournaments are held, you can advertise in golf-focused magazines, golf-related stores, or golf web sites. This enables you to reach a targeted audience.

Don’t Forget Past Guests

A guest who rented from you once may visit again. You will have all the mailing addresses or email of your guests, so send a mailing out occasionally inviting them to stay once more. Offer a “special” for past guests only. It’s much easier to sell to those who already know you than to find new customers.

Include All Features and Benefits in your Promotions

When promoting your rental property, be sure to include all the features and benefits of staying at your rental property. You should list all the items or appliances that are included with their rental for convenience. The more you tell, the more you’ll sell. Tourists want no surprises when it comes to a place to stay on their trip.

With these promotion techniques, you can reach a broader audience for your vacation rental property and watch your monthly profits grow!

Breaking An Apartment Lease When Renting

Breaking an apartment lease when renting can pose a few problems if the property owner is not as understanding as you would like. When you sign the agreement, you need to be aware of what your options are for breaking the apartment lease. If you have a yearly lease and after four months, you need to break the apartment, you have to take some important steps to cancel the lease. You cannot just decide to move and think everything is going to work out. People, who think this way, usually end up with more financial responsibilities than they would of, if they had followed the right steps.

The first thing to do is talk to the property owner so they know what is happening and why. They may choose to work with you, so that it does financially break you or cause them to lose a monthly rent on the apartment. In some cases, the property owner will immediately place the apartment for rent and try to find someone to take over the apartment. This can take some time or it may happen rather quickly depending on the application process and the communities need for housing.

In some cases, a property owner will have you pay to place the new advertisement in the paper because you are breaking the lease agreement. This is small amount of money to spend and you should not argue over this small inconvenience since the owner is being nice enough to let you break the lease. You need to make every available effort to help the property owner find a replacement tenant or you become liable for the rest of the rent due.

If the property owner can find someone to rent the apartment, then breaking an apartment lease will be painless. If they are not having any success, you are going to be responsible for the rent and the utilities to keep lights and heat in the place. The water however may be shut off unless it is required for heating. Once the property owner does find a renter, the utilities will be changed and you will no longer be responsible.

Breaking an apartment lease may require you to pay the rent for the entire lease, but this is uncommon. If the apartment is not rented, you are responsible and can be taken to small claims court to settle the remainder of the rent. The property owner will win, if they did everything possible to rent the apartment with no success. You will then have a judgment placed against you to pay the remainder of the rent.

It is always best to communicate everything as you go forward. The property owner is going to be more willing to make adjustments if he or she sees that you are doing everything possible to help get the place rented. This might include some extra cleaning or making the place look more inviting for potential renters when they come to check the place out. You never want to point out the negatives about the place.

Breaking a Lease on a Rental Agreement

Most rental agreements have a section regarding the renter breaking the lease agreement. While there is also likely a section or several sections regarding when the leasing agent can evict the renter, the section on breaking the lease should be of particular interest to those who might be in a position to have to break the lease some day. Renters should understand these contract terms so they can make an informed decision. Additionally the renter should consider all costs associated with breaking the lease. This includes both financial costs as well as emotional costs.

Understand the Contract Terms

Renters should review their rental agreement carefully before signing this document. The rental agreement is a legally binding document which should be given proper consideration before entering into the agreement. This is important because understanding these terms will be essential if the need to break the lease becomes a reality.

Rental agreements typically do allow the renter to break the lease but not without some form of penalty. This penalty usually comes in the form of requiring the renter to give a specified amount of notice before the contract is up and also requires the renter to pay a sum of money to break the rental agreement. A notice of 30 days and a lease break amount equal to one month’s rent are common penalties associated with breaking a lease, however, individual leasing agents may impose penalties which are either harsher or less severe.

Consider the Costs of Breaking the Lease

As previously mentioned there is typically a fee associated with breaking a lease. This fee is often set equal to one month’s rent. While paying this fee may seem excessive there are some instances in which it is an economically good decision to break the contract even though there is a financial penalty imposed.

Consider the example of a homeowner who is the process or relocating due to a job change. The homeowner may opt to rent an apartment in the new state while the house is put up for sale in the previous state. If the renter enters into a 12 month contract under the supposition that it will take this long to sell the old house and purchase a new house, he may be surprised if his other house sells quickly and he finds a home in his new state rather quickly. This may all occur within a matter of 2-3 months.

The renter has the option to stay in the apartment until the rental agreement nears expiration and then start looking for a home. However, this option runs the risk that the home he previously found will not likely be available. The renters other option is to place a bid on the new house and plan on breaking the lease if he is able to close on the new house. In this case, the renter would be saddled with both a rent and a mortgage for 9-10 months. This will likely be significantly more expensive than the price the renter would pay to break the lease.

Breaking the Lease is Not Always a Financial Decision

The decision to break a lease is not always completely a financial decision. There are sometimes emotional components which factor into the equation. For example a renter may have only 1-2 months remaining on his rental agreement when he is offered a dream job which will require him to relocate immediately. Although breaking the lease that late in the agreement is usually not financially wise, the renter may make this decision to avoid missing out on a dream job.

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Breathe a Hassle-Free Life with No Credit Check Tenant Loan

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Break-free from the shackles of credit checks with no credit check tenant loan. It is impossible to have a clear credit history. Find an easy way out for weighing financial burdens.

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Procuring loans is not a bed of roses for a tenant. A tenant is usually surrounded by the issue of non-availability of security against a loan amount. Tenants every so often come across loan providers who lend money to homeowners exclusively. No credit check tenant loan can emerge as a savior of your current scenario.

Besides tenants, homeowners and students as well can avail no credit check tenant loan. No credit check tenant loan can facilitate you with additional funds without pledging any security. Though the interest rates of no credit check tenant loan is comparatively high with a short loan term.

Credit problems can knock your door any time. No credit check as the name implies, necessitates no credit check as required in a routine loan application approval procedure. It is undertaken by a prospective lender to authenticate your credit standing. A credit check engages seeking a thorough analysis from a credit reporting bureau or agency. Three of the top credit bureaus that embark on credit checks are Equifax, Trans Union, and Experian. These are recognized, commonly used sources for staging a credit check.

Credit checks information generally contains date of birth, home address, employment history, present employer and income, and payment history for loans and other debts. Each time a credit check is done it devaluates your credit potential to borrow. No credit check tenant loan is an ideal solution for you as it can not cause further damage to your credit standing.

You can possibly use no credit check tenant for purposes such as vacation, home improvements, purchase a car or boat, business purposes, debt consolidation or any other short term financial requirements.

No credit check tenant loan is a value for time and money. With growing number of online loan providing organization you can pass over the tiresome and cumbersome loan process. It means no faxing or tedious paper work. It ensures procurement of instant cash wired to your account directly. Search the internet and become well- informed about the no credit check tenant loan to locate suitable loan deal. Numerous online lending institutions provide free no obligation loan quote services to find appropriate no credit check tenant loan.

It is almost obscure to have a spotless credit history. Even if a bad credit is rattling your mind. You can obtain no credit check tenant loan, which can offer you an apt solution to your tribulations.

Buy To Let Mortgages. Landlords Face New Rules.

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As landlords know, there’s a huge demand for small self-contain units, especially in University towns. But as from the start of this tax year, landlords are faced with the necessity to have a building licensed for occupation if the property is on at least 3 floors and several unrelated tenants occupy it.

Whilst this represents a problem for those less scrupulous landlords, it will serve to help those landlords wanting to enter that market. That’s because the tighter regula…

Mortgages,remortgages,quotes,cheap,rates,options

As landlords know, there’s a huge demand for small self-contain units, especially in University towns. But as from the start of this tax year, landlords are faced with the necessity to have a building licensed for occupation if the property is on at least 3 floors and several unrelated tenants occupy it.

Whilst this represents a problem for those less scrupulous landlords, it will serve to help those landlords wanting to enter that market. That’s because the tighter regulation will help to convince more mortgage lenders that these larger properties which are suitable for division into smaller units, are acceptable for a buy to let mortgage.

The licences introduced on 6th January this year are just one part of a three prolonged attack on properties in multiple occupation.

Licence for Multiple Occupation

These licences are a move to improve the standard of housing. The licences are issued by your Local Authority and are expected to cost around £100 for each occupant for a five-year license. The preceding inspection will be concerned about fire regulations and the size and arrangement of rooms and facilities. Even the landlord will be assessed with regards to the ongoing arrangements for the management of the properties. And what if a landlord tries to dodge this licence? That’ll be a fine of up to £20,000!

Landlords will find more information about this at: www.propertylicensing.gov.uk

Housing Health and Safety Rating System

This regulation is concerned about how the building’s condition can affect the health of its residents. Tenants will be able to call in inspectors who will be empowered to demand repairs and fine landlords £5,000

Tenancy Deposit Scheme

This forthcoming regulation affects the way deposits are held and administered. This results from research that showed that some Landlords refused to return deposits and some concocted dubious reasons for deductions. So from October all deposits will have to be held in official Tenancy Deposit Schemes. This basically means that the deposit must be held by a scheme administrator who is, in practice, neutral. Then at the end of the tenancy, both the landlord and the tenant have to inform the scheme administrator that either the whole deposit is returned to one party or part of the deposit returned to both parties and the scheme administrator must pay out in accordance with the agreement within 10 days of receiving notification.

If agreement cannot be reached between the landlord and the tenant the scheme administrator will retain the deposit until either the tenant or landlord obtains a final court order specifying the proportion of the deposit to which each is entitled. The scheme administrator will then immediately pay out in accordance with the court order.

Where a scheme administrator returns a deposit, they must do so with interest added at a rate yet to be specified by Government. Any interest additional to this will be retained by the scheme administrator and can be used to fund the administration of the TDS scheme.

The TDS Scheme is being introduced as an ammendment to the Housing Act 2004.

In our view, the short-term result of all these regulations will be that poorer standard properties will close as the landlord will be either unable or unwilling to comply. In the longer term, the number of properties may well rise again and be at a higher standard than the current stock of such properties.

Having said that, landlords are certain to increase rents in a move to offset the additional compliance costs they are faced with.

Buy to Let Rental Properties

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Philippine Condotel Buy to Let Rental Property a solid alternative to failing Pension Plans

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Condotel Investments in the Philippines, Buy to Let rental properties are now being preferred to failing Pension Plans as more and more Filipinos and Overseas Property Investors look to the future and retirement.

20 pounds a day for 6 years will buy you a Studio Condotel unit in the Philippines with a projected ROI through rentals of some 500 pounds per month after 3 years. With preconstruction property appreciating at some 20-30% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many Pension Plans offer for the same or similar investment.

With many Overseas Filipinos and Offshore Property Investors looking to start saving for retirement, the Philippines with its comparative low cost of real estate yet high rates of Hotel Accommodations, make the Condotel investment an extremely attractive investment proposition.

Beth Collingz, International Marketing Director for PLC Global, a company specializing in Condo Hotel Sales and Investments in the Philippines for the Lancaster Brand of Condotels, said that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate.

“Many of my clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Personally, I have always regarded Pension Plans as a glorified ‘Pyramid Scheme’. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Philippines fit the bill”

This potential, high rates of rental returns from Condotel Investments, currently from 8% up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around like headless chickens looking for normal residential profile “buyers” without looking at the by far bigger picture of investments, investing and retirement.

“We look at Condotels as pure investments. Not primarily as Real Estate. If you look at the Condo Hotel market as investing for future income, and think outside of the box, it is plain to see that Condotels are not only real estate investments but more importantly income generating property. Think of Condotels as a Managed Pension Plan. After all, Condotel units are fully managed property. The owner of the property does not have the hassle of renting out the unit and contend with all the normal pit falls of being an amateur land lord. This is taken care of by the Condo Hotel Management” said Collingz.

“One of my clients from Chicago, just purchased 4 Studio Condotel Suites at Lancaster – The Atrium Manila which is currently in preconstruction sales. His plan is to retire in the Philippines in 2012, live in one of the Suites and receive the Condotel rental income on the other three. His outlay for the purchase is only around 85 pounds a day for 6 years by opting to purchase on a 6 year no prequalification, no down payment, no interest payment plan. Even before completing payment for the units, he will be receiving some £1,500 a month in rental income in additional to any Government or Private Company Pension Plan. Better yet, the rental income is in tune with inflation and buying on preconstruction terms gives real estate appreciation of some 60-80% over 3 years. As Hotel Rates increase yearly, so does the rental income”

Foreign Nationals are legally allowed to purchase as much as 40% of the total number of condominium units on the market at any given time. Overseas Filipinos and more and more foreigners are now emerging as a market for condotel units. Many or our clients are coming from different countries like South Korea, Australia, United Kingdom, Saudi Arabia and other parts of the Middle East,” Collingz said.

Lancaster – The Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out” Tower I] is now accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans… with 6 year interest free payment terms or up to 12 year “In-House” financing available, full condo ownership, no management costs for Condotel Suites and minimum monthly maintenance fees – “You really should take a moment to look at this Philippine Condotel Investment Opportunity” enthused Collingz.

All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, living and dining area tiled floorings and lower kitchen cabinets/work tops installed. A complete optional extra interior fit-out package including appliances will be available towards the time the units are closer to being completed towards the latter part of 2009. Monthly condo dues are currently around 80 pesos/square meter of the unit floor area/month..

The Lancaster Atrium Suites are now available on the very affordable and competitive New Payment Plan that provides for Suites to be purchased on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly installments without interest and the 33% balance payable upon turnover of the unit or to be paid over an additional 5 years from turnover through our hassle free no prequalification “In-House” Finance Plans…

The current selling price [effective March 1, 2007] for the Lancaster Manila Atrium Tower A Tax Exempt Studio Units is Pesos 75,888 or £1,615.00 per sqm. The One Bedroom, Two and Three Bedroom Suites are priced at Pesos 84,994.56 or £1,808.80 per sqm including Government Taxes [R-Vat 12%]. Units may be purchased on a Six Year No Interest Charge Term of payment or longer term “In-House” financing plans. Turnover of units for Tower A will be from December 2009/2010

All payments will be made to the Lancaster Suites Manila Atrium Tower A Equitable PCI Bank Escrow Trust Account. It is anticipated, given the track record on sales of Tower I Units that property appreciation for initial buyers of Tower A Atrium Units will be at least 60-70% on turnover of units.

Beth Collingz

PLC International Marketing Networks

Buying a Home versus Renting a Home in Tampa Bay Florida

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Renting a home is not uncommon as it is clear that some people cannot afford to buy their own home. The natural assumption is that it works out cheaper to buy a home over a long period of time. However, where many of us cannot afford the down payment on a new purchase of property, so renting a property on a yearly lease may be the way to go while saving for your first house.

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Renting a home is not uncommon as it is clear that some people cannot afford to buy their own home. The natural assumption is that it works out cheaper to buy a home over a long period of time. However, where many of us cannot afford the down payment on a new purchase of property, so renting a property on a yearly lease may be the way to go while saving for your first house.

Finding a home for rent in the Florida, Tampa Bay area depends on the availability of seasonal as well as year round property. What you need to consider are all the costs involved with renting a home. The cost of renting a home is normally determined by the value of the property and location. Unlike buying, most landlords require you to make a 3 month rent payment before moving in. This usually encompasses the down payment, the first months rent, and second months rent.
The problem with renting a home is two-fold: you will never get back what you put into your rental property (equity and ownership), and secondly you will have restrictions imposed on you that you would not have while owning your own house. However, as a short term solution, renting a home in a new area can be ideal while you save money and slowly shop for your dream home. I often recommend this to people who are relocating from the north and are not sure of where they want to buy or how big of a house they want to purchase.

The cost of buying a home is not cheap, we all know and respect that. Depending on the location that you choose within the Tampa Bay area, the costs can vary. Buying a home entails many costs especially if you do not have the immediate finances. But the rewards of home ownership make it all worthwhile. Some of the costs to consider are the initial down payment, closing costs, property inspections, taxes and of course homeowners insurance. In a renting situation, the landlord usually covers the costs of maintaining the apartment (fixtures, property landscape, etc). But of course, the rent that you pay will include these things, and rent in this area is getting more and more expensive all the time.
Buying a home opens up the option of choice in terms of architectural style and place of living. While the opposite applies for renting. Often you might be obligated to choose the place to rent that is cheaper and often not the best looking. That simply means renting can pigeon-hole you into living in an area or structure that although may be available and within your price range, it may not appeal to your sense of style.

Owning your own home is about benefiting from long term personal and financial satisfaction. Your own home means security and also having the option of creating the dream home the way you have always wanted it. Home ownership is also about experiencing the freedom of having your own serious investment. The point of emphasis therefore lies in being equipped with the right kind of service that will help you choose which home is right for you. Talking to people who can help you know which option of owning are available to you is without a doubt the right step to take.
In the Tampa Bay Florida Real Estate area there is an abundance of houses and condos to choose from. While property prices during the late ’05 season seemed to rise quite quickly, it’s not too late to buy your dream home. Normally the best thing to do is to talk to a Tampa Bay, Florida real estate agent who can give you a better and realistic property pricing estimate.

Naturally what you have to remember is that your own needs are important. The type of lifestyle you envision can help you determine whether renting or buying is the feasible option.

Buying Rental Properties – Some Tips

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What do you want when you buy rental properties? A safe, profitable investment. Here are some things to look for to make that happen.

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Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you’ve found a good deal – especially the first time. Here are some things to look for to be sure that rental is a great investment.

1. Location. If traffic is heavier, rentals are easier to rent. A sign will often pull more response than an ad in the paper. If it is a nice locale, it will usually rent faster. This is also true of places close to amenities.

2. Numbers. Run the numbers. Get every last expense figured into your calculations, and be sure that you will have positive cash flow from the start.

3. High home prices. Look in towns with high home prices, as this creates rental demand. What do people do when they can’t afford to buy? They rent.

4. Low maintenance buildings. Avoid cedar-shake roofs, and wood-sided buildings. Look beyond current expenses to how much maintenance the building will need. Low maintenance means less headaches and more profits.

5. Good rental history. Ask to see the rental history. Note how long residents are staying on average, and how well they pay on time.

6. Below market rents. Buying rental properties with below-market rents means you get to raise rents. Raising rents means you imediately raise the value, because rental property values are based on income.

7. Complies with zoning and fire codes. Have it inspected, and ask local officials if there are any problems.

8. Less than 20 years old. This is somewhat arbitrary, but if you limit your search to newer buildings, you will be less likely to have building code and maintenance problems.

9.Owner/manager that is out of state. These properties are often the best deals, because it is tough to manage a property from far away. An out of state seller is often more concerned with a quick sale than a high price.

10. Neighborhood is stable or improving. Stable is okay, but if you can buy in a neighborhood that is improving, you’ll rent the units more easily, and therefore get automatic appreciation in value with time.

Buying Rental Property – Avoid Seller’s Tricks

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Buying rental property is a great way to invest for the future. Just watch out for these common tricks that sellers use to inflate the appraised value.

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Be careful when buying rental property. We stayed at a motel for a week one winter. The bill showed twice what it should have, but since I already paid the correct amount in cash, I thought nothing of it. When we noticed that the lobby and swimming pool were unheated, we thought it was frugality. Only a year later, when I read a news story about a new owner struggling to make the motel work, did I realize what was going on.

The owner had been planning to sell. To prepare, she was using the two most basic ways to inflate the appraised value: decrease expenses and increase reported income. By stopping repairs and quietly adding £100 in income every day, she may have shown £45,000 more net income for the year. At a .08 capitalization rate, that means the appraisal would come in £562,000 higher than it should have. Oops! The poor guy who overpaid!

Do you want to avoid a mistake like that when buying rental property? You need to watch for tricks like these. You also have to understand the basics of appraising income property.

It starts with the capitalization rate, or “cap rate.” If investors in an area expect a return of 8% on assets, the cap rate is .08. Net income before debt service is divided by this to arrive at the value of a property. I explain this further in another article, but the primary point here is to remember that every dollar of extra income shown will increase the appraised value by £12.50 with a cap rate of .08, or by £10, if the cap rate is .10.

Sellers Dirty Tricks

If sellers of rental properties increase the net by honest means, then the property should sell for more. Unfortunately, there are many dishonest ways, both legal and fraudulent, that are sometimes used. Unlike sellers of houses, who may cover foundation cracks with plaster, the tricks used by sellers of income properties aren’t about appearance. They are about income and expenses.

Income can be inflated by showing you the “pro forma,” or projected income, instead of the actual rents collected. Ask for the actual figures, and check to see that none of the apartments listed as occupied are actually vacant. Also, be sure that none of the income is from one time events, like the sale of something.

Income from vending machines is a gray area. Smart investors subtract this from the net income before applying the cap rate, then add back the value of the machines themselves. If laundry machines make £6,000, for example, that would add £75,000 to the appraised value (.08 cap rate), if included. Since they are easily replaceable, adding the £10,000 replacement cost instead makes more sense.

Hiding expenses is the most common of seller’s tricks. Paying for repairs off the books, or just avoiding necessary repairs for a year, can dramatically increase the net income. Demand an accounting of all expenditures. If a number in an expense category is suspicious, replace it with your own best guess.

Analyse each of the following, verifying the figures as much as possible, and substituting your own guesses if they are too suspect: vacancy rates, advertising, cleaning, maintenance, repairs, management fees, supplies, taxes, insurance, utilities, commissions, legal fees and any other expenses. This is how you make buying rental property safe.

Buying to let guide – UK Rental Property Management

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Buying to let top 10 guide
Buying to let in the Uk market has become a reall challenge in 2005, as prices have remained high and demand for renting is relatively low. Our Top 10 tips will maximise your chances of making a good return on your investment into the buy-to-let market.

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This is where most developers end up. Once executed, this can prove to be money for old rope. Ok thats a bit pushing the point, but here i can teach you some really useful tips on how to let with very little fuss. The essetial element is to first consider the previous chapters as just as important as the monthly cheque you receive from your tennants. In effect the two are very much releated. So re-read those chapters before you get to this exciting chapter on how to but to let.

My 10 Steps to success
Ok i’m going to make this very easy by revealing my 10 steps. Follow this and you will succeed, ignore a step and you may struggle. Here goes…

1. Find the right area to buy into and make some appointments with local letting agents normally estate agents will be able to offer help with letting too .

2. Once you’ve picked their brains to assess the state of the lettings market (and discovered what type of properties are most in demand) you can begin the house hunting game. Get several viewings under your belt to get a feel of the market.

3. Talk to mortgage providers early on in the game to ensure that you find the best deal. If you have a personal financial advisor, they will do this service free of charge, use this free service, it may save you money and time along with our useful free development guide on this site.

4. Once you’ve found a suitable property put in an offer and be patient. What you might think is a silly offer may prove to be a bargain, remember you can always increase your offer.

5. When your offer on the property is accepted you’ll need to get a licensed conveyor or a solicitor to deal with the legal and financial paperwork.

6. This is the step that can seem to go on forever, the survey and searches.You will also need to get it valued. Then you’ll be in a position to finalise your mortgage arrangements with your finance lender.

7. Who will property manage ? Once you’ve been handed the keys you’ll need to decide whether you are happy to manage the property yourself or if you want to hand it over to a letting agent.

8. The chances are that the house will need some work doing on it, so it’s best to get the workmen in there as soon as possible. You will find our buying to let profit calculator useful at this point.

9. If you’re planning to let the property furnished it makes long-term sense to invest in solid/ robust furniture (ideally carboot sales house clearances or local auctions are an ideal way of sourcing good solid furniture without putting costs through the roof).

10. Before your tenants take control of the property, do make sure that they are clear on the terms of your contract to avoid any later possible complications.

Caring For a Rental Property

Those who live in a rental property may have questions regarding how they should care for their domicile. While treating the property with respect and not intentionally doing damage to the property should be understood there are other gray areas where renters may not be sure what their rights and responsibilities are in the rental situation. In most of these cases, these questions can be resolved by carefully reviewing the rental agreement. This can provide the renter a great deal of insight regarding which items will be corrected by the leasing agent and which items are the responsibilities of the renter.

Treat the Property Like it Is Your Home

The heading to this subsection is certainly appropriate in theory but in reality it may not be true. The theory behind treating a rental property like it is your home is that you should treat the rental property in the same way you would treat your own home. This means the renter should not intentionally damage or otherwise neglect the rental property. It also implies that the renter should care for the rental property by making necessary repairs as they arise.

However, the reality of this heading is not true because renters are often not free to treat a rental property like it was their home. Homeowners are free to make modifications at any time to their property. Renters do not have this option and are only allowed to make modifications which are permitted by the contract agreement. These permissible modifications are usually rather insignificant in nature.

Seek Assistance from the Property Manager When Warranted

Renters should also seek assistance from the property manager when there are repairs which fall under the jurisdiction of the property owner or manager. Such repairs might include items such as unclogging drains, fixing appliances and making modifications to the residence such as installing lighting features. Although the renter may be capable of performing some or all of these actions, the rental agreement may specify these items are the responsibility of the property owner or manager. Renters who attempt to fix these items may be held liable for damages which occur during these attempts.

Similarly, the rental agreement may imply, by omission, that certain items are the responsibility of the renter. These may be small items such as changing light bulbs or similar items. In these cases the renter is free to make the adjustments. However, in other situations where the rental agreement specifies the apartment manager will handle certain complaints, these complaints should be called to the attention of management.

When the Property Manager Isn’t Doing His Job

Renters may encounter a problem where the apartment manager is not being responsive to his complaints and is not addressing situations which are brought to his attention. When this occurs the renter may have no choice but to bring this to the attention of the property manager’s supervisor. When a property manager is required to make certain repairs and address certain issues and fails to do so, he is creating a hazard for the members of the community. This is why the renter should not allow these transgressions to occur. The renter should also not be fearful of retaliation by the property manager because the contract will likely specify the renter’s rights to complain to a higher authority about the quality of service they are receiving.

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Choosing a Property Manager for a Vacation Rental Home

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Offers advice on what to look when choosing a property management company for your holiday home.

So you are the proud owner of a vacation home – congratulations. But just as with your own home, a vacation home needs a lot of tender loving care. Who is going to look after it when you are away? And, perhaps, how is it going to pay its own way? Thoughts like these tend to push vacation home owners into thinking about appointing a property management company. So what should you be looking for in a property manager, and how do you go about finding one with the qualities you want?

First and foremost, you have to decide if you just want the property taken care of, or if you also want it rented out. This will determine what kind of property management firm you want, and whether you need to check their credentials for marketing your firm, or just for looking after it. Assuming that you would like your home to generate some income for you, you need to look for several key capabilities

• A firm which will ensure the highest standards of care and attention to the fabric and contents of your property. Lots of rental income will not make up for the damage caused by careless renters. Make sure that your chosen firm will keep on top of every
• Personal check-in and check-out of every rental. Many firms take advantage of the availability of keyless coded locks to allow renters to check themselves in and out. This means that they never know who is in your property, and whether your four-bedroom home which is supposed to have a maximum of 8 guests actually has 16 grad party celebrants all over the floors
• The highest standards of cleaning. Cleaning a property thoroughly is time-consuming and expensive. Many property management firms cut corners here, and if they do, you will eventually pay the price in worn-out carpets and other forms of dilapidation.
• Superior marketing capabilities. Marketing vacation rental properties has become a sophisticated business these days. Make sure that the primary website on which your property will appear is ranked highly against the most popular keywords for your location. A local firm without much experience in search engine optimization may be able to take good care of your property but they won’t generate a lot of income since no-one will know that they exist.
• Great service for guests. Look for a manager who knows how to offer excellent service to guests: arrival baskets of food and drink, pre-booking of activities, restaurant reservations etc. If guests feel they are well looked-after, they will be more inclined to come again, but also feel more of an obligation to take good care of the property they are in.
• Great service to you. You should expect VIP treatment when you are using your own property, but also VIP service when you call up your property manager to enquire about availability, discuss renovation and maintenance issues, query your income statements or any other matter. Make sure you will always get to speak to someone senior who knows you and your property.

Have a look at this page: Whistler property management for a company which looks as if they know what they are doing. But make sure you talk to them in detail and go over the management contract with a fine tooth comb before you sign on the dotted line. You should expect to pay 35-50% of gross rental income to the management company; if they charge less you might want to be suspicious of what they are offering; if more, they’re probably too expensive. This may sound a lot, but remember that they are looking after your property for no fixed outlay to you, and they only make money when you do as well.

Good luck with your search.

Come Out Of The Pitfall Of Debts With Bad Credit Tenant Loans

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If you are a non-homeowner and are being denied of money because of your bad credit history, do no worry. Opt for bad credit tenant loans and get the much needed money to overcome your financial crisis.

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Anyone can fall into the trap of bad credit. This however, does not mean that one should be denied of money. If you are a non-homeowner and have witnessed the problem of arrears, defaults, County Court Judgments or bankruptcy you need an ideal solution to ease your financial pressures. Opt for bad credit tenant loans and get the much needed money to overcome your financial crisis.

Bad credit loans are specially designed for tenants, PG’s and other non-homeowners who are being denied of loans because of their bad credit history. Homeowners who are affected by bad credit can also apply for the loan.

The lenders of bad credit tenant loans usually charge a high rate of interest so as to cover their financial risks. Negotiating with them can help you get the loan at an affordable rate.

One can use bad credit tenant loans for a variety of purposes. The most significant reason behind opting for the loan is debt consolidation. People have large debts from unsecured personal loans, credit card bills, medical bills and other credits. Bad credit tenant loans can help you consolidate multiple debts into one easily manageable loan making you liable to a single creditor. It further avoids having bad credit problems in future and saves you lot of money as the interest rate you pay is much lesser than that you were paying to different creditors earlier.

Bad credit tenant loans can also be used for home renovations, buying a car, going out on a holiday, meeting wedding expenses etc.

Credit repairing can prove to be an effective tool to get bad credit tenant loans at favorable rates. Get your credit report updated from a credit rating agency. So that your new credit report does not include the previous debts. It can also help you improve your credit score and can open new prospects for obtaining loans in future.

Bad Credit Tenant Loans are generally approved fast. As they are not secured loans therefore, they are free from the process of property valuation. They value your time and provide you with fast cash.

The loan market is flooded with numerous lenders dealing in bad credit tenant loans. Online lenders are gaining popularity nowadays. Click the mouse and access infinite lenders online. An online loan application form needs to be filled up. It includes details like name, address, employment history etc. The information given by the borrower remains confidential. If you are unable to determine an appropriate loan deal, you can seek the advice of an online loan advisor.

Bad credit can no longer halt your life. Opt for bad credit tenant loans and put an end to your miseries.

Considerations For A Landlord Before Proceeding To Evict A Tenant

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There comes a time when every landlord finds himself / herself in a difficult position of having his rental property occupied by a tenant who is not paying rent, or is making a nuisance of himself and causing problems for other tenants, or is causing immense damage to the rental unit, or his / her conduct makes it impossible to continue with a landlord / tenant relationship.

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There comes a time when every landlord finds himself / herself in a difficult position of having his rental property occupied by a tenant who is not paying rent, or is making a nuisance of himself and causing problems for other tenants, or is causing immense damage to the rental unit, or his / her conduct makes it impossible to continue with a landlord / tenant relationship. Though, state laws governing eviction vary significantly, the following are a few tips to help landlords finding themselves in the unpleasantly messy situation of evicting a tenant.

As the owner of a significant number of residential units, it will be to your benefit to engage a lawyer to advice you on eviction issues, as well as, for handling legal actions. An established relationship with a lawyer is useful as he will carry out various legal tasks charging a flat fee only, whereas, hiring a lawyer on a case to case basis can result in much higher legal fees.

Evicting a Tenant for Non-payment of Rent

The eviction process involves serving a formal notice, informing the tenant the rent is overdue, and he / she faces possible eviction, if they do not pay on time. If a landlord is not knowledgeable about the legal terms of a notice, there are pre-printed forms which fulfil all legal requirements for a proper notice. In case, the rent arrearage has not been paid after the legally defined period i.e. usually, about a week, a landlord can begin eviction proceedings on the basis of non-payment of rent.

Bear in mind, if the tenant makes a partial payment during the eviction process, in most jurisdictions the acceptance of any payment of rent, even a small amount, can result in dismissal of the eviction lawsuit for non-payment.

Lease Violation

When a tenant does not comply with the terms of the lease he / she signed, a landlord must provide a written warning, referring to the lease clause being violated, and allow him / her time to remedy the problem. This is so the tenant cannot later claim ignorance that he / she did not know, they were in violation of the lease, or they received no notice of the violation. The judge will be in favour of the landlord if it is established the tenant ignored a prior notice and the deadline.

Health and Safety Issues

Certain tenants may pose a health or safety problem for other tenants or for the property, in general. In many jurisdictions, it is permissible for the landlord to evict tenants whose conduct is hazardous to the health of other tenants or can damage the property. First of all, a landlord should serve the tenant with a fixed period of time notice (a week) to remedy or repair the problem, or else move out. If no corrective action is taken, a landlord can proceed with the eviction proceedings.

Even if a tenant resolves the issue, but you still want him / her out, serve them a notice on eviction on health or safety grounds, as well as, a notice stating their tenancy is being terminated.

Bankruptcy

In the event a tenant files for bankruptcy, an automatic stay prevents a landlord from continuing with the eviction proceedings until the bankruptcy is resolved, or the bankruptcy court permits eviction proceedings to continue by lifting the stay. This may require a motion to be brought before the bankruptcy court, asking for the stay to be lifted.

Tenant Counter-Claims

When a landlord begins eviction proceedings, some tenant may bring counter-claims against the landlord, such as, inadequate maintenance of property or violation of the lease, and may ask the court to stop eviction proceedings or else for a substantial rent decrease in arrearage owed.

This is why it is good practice to keep written records of any complaints received from tenants about the rental unit or common areas, and steps taken by the landlord to resolve them, as also with warnings of tenant misconduct. Remember a landlord’s can preclude a tenant’s claim that despite repeatedly complaining about a problem with their unit, the landlord failed to respond with positive action, as long as the landlord has kept records of all interaction with the tenant and of action taken.

Trials

Before going to court, a landlord must ensure all his documentation in relation to the case is in order and there is nothing missing. Unless a landlord is conversant with the rental laws of his state and has had enough experience in eviction cases, it is also advisable to engage a lawyer, well versed in property law of the state a landlord’s rental property resides in.

The above should provide you with enough knowledge of what is required for a successful eviction.

Consolidation Loans for Tenants- Empowering Tenants with a Method to Counter Debts

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Tenants are more likely to incur debts because of their low income and a major part of the income being employed to pay rent. Consolidation loan for tenants provide a very important technique to counter debts. Most of the characteristics of consolidation loan for tenants are similar to that of unsecured loans. Read more about the advantages and disadvantages of debt consolidation loans in this article.

Secured loans, secured personal loans, secured debt consolidation loans, consolidation loans for tenants

Tenants are persons who are residing in a rented apartment. They do not have a home of their own. Cities have a larger population of people who have been living as tenants. Debts are as much a menace for the tenants as it is for the homeowners. Tenants have been seen to fall more frequently in debts than homeowners do. Tenants are new to their trade and have a relatively lesser income. A major part of it goes in the form of rent, thus making them dependant on advances. Debts that have been incurred through an injudicious use of advances can be met through consolidation loan.

Consolidation loan for tenants is generally in the form of unsecured loan. Secured consolidation loans can also be availed if the borrower is willing to back the repayment on certain other assets like aurtomobile. Home induces a greater degree of faith on the borrower than any other asset like automobile. It is for this reason that the terms offered on home backed debt consolidation loans are better than those backed on automobiles. Those who are opting for unsecured debt consolidation loans will not find its terms competitive, and much more dissimilar.

However, this is characteristic of unsecured debt consolidation loans. Held secondary to secured consolidation loans, consolidation loans for tenants increase the lender’s exposure to risk. This is because the lender cannot stake a direct claim to any asset of the borrower in case of non-payment of consolidation loan in full. Though the amount can be recovered through litigations, there is not a guarantee of recovering the entire amount. This is because unsecured creditors come second at the time of receiving payments in case of bankruptcy.

Consequently, the terms of the unsecured consolidation loan are designed in order to incorporate these risks. The tenant may not be able to get the desired sum for consolidation loan. Different lenders have different lending policies. Searching with several lenders allows you to reach more or less the figure of your choice.

The principal difference may be noticed in interest rate. The interest figures will be slightly higher than what the regular customers have to pay. Again, proper search will enable tenants to distinguish between offers that have been intentionally pegged at a higher rate of interest, and offers that are properly priced.

How do consolidation loan for tenants improve the debt situation? The modus operandi utilised in the settlement process is simple. A single loan called consolidation loan for tenants replaces several debts of the tenant. Though the process is simple, it needs an expert guidance so that debts are successfully brought to extinction. The expert guidance is provided by the consolidation tenant loan provider. With years of experience in the field of debt settlement, they are in a better position to suggest ways and means to deal with the debts.

Most consolidation tenant loan providers will volunteer to help in the debt settlement process. The facility is optional and borrowers can themselves acquire the resources and pay off their creditors. However, the process can go haywire because of the lack of skills to suit the purpose. Loan providers being skilled in the negotiation can save the tenants from paying the entire debt to the creditors.

Application to consolidation loan for tenants has been made easy by loan providers. Loan application is available online and a borrower can fill it as and when he gets time; even in the night when most of the loan providers must have shut shop. The applications will be processed first on the other working day. Some banks and financial institutions work on a 24-hour shift. Therefore, whatever be the time the application is made, it is instantly sent for processing. Thus, online applications have contributed to a faster approval of consolidation loan for tenants. Since consolidation loan for tenants is an unsecured loan, the approval process may not be protracted. Time-consuming processes like property valuation have been made unnecessary. Thus, the time within which a tenant can have consolidation loan is lesser than what a homeowner can have in.

Consolidation loan for tenants appear taxing in comparison to the debt consolidation loan provided to homeowners. However, a proper appreciation of the reasons behind the dissimilar terms shows that it is not so. Borrowers however, do have to keep a strict vigil on the loan provider so that they do not include unwarranted costs.

Corporate Concierge Services Offer Significant Benefits To Property Managers, Leasing Agents,Tenants

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Developing a partnership with a corporate concierge service is the ‘in’ thing for real estate owners and property managers. In addition to improving tenant satisfaction levels, it also provides numerous benefits such as reduced risk, better scheduling and easier accounting. This article explores the many benefits of concierge services for all those related to property management and real estate

concierge service, real estate, property management, tenant amenities, errands, chores, commercial property, tenant perks, tenant loyalty

Are you trying to present your commercial property for lease or sale in its best light so you can obtain the best price? Are you trying to reduce tenant turnover? Are you trying to cut costs while improving quality of service and tenant satisfaction? There is now one easy and effective method that would support better customer service, streamline productivity, and improve your financial bottom line. Sounds like the impossible dream, but it’s not.

To remain successful in today’s competitive real estate market, owner and property managers should consider what industry leaders are already instituting at their sites: corporate concierge services. Offering tenant amenities is rapidly becoming the “it-factor” that makes all the difference.

In order for you to attract and retain quality tenants, you need to remain competitive in the real estate industry. Large property owners and property managers are becoming ever more consistently challenged to offer amenities that create a better environment for their tenants. High-rise apartment buildings, condos, and commercial office suites have recently begun to realize the benefits of corporate concierge services.

Partnering with a concierge service provider offers a means by which your commercial properties can offer a diverse array of services to simplify their tenants’ lives and improve company assets while streamlining their business tasks. Whether it be the addition of dry cleaning services, procuring event tickets, automobile assistance, property maintenance, or beyond, implementing a comprehensive and attractive concierge package ensures that your tenants can conveniently access quality service, hassle-free, “one-stop support” easily and quickly.

Tenants are impressed when they can immediately reach a ‘live’ person who will listen and work with them towards remedying their complaints or desires. The Tenant Loyalty division of a concierge service provider offers phone coverage to field any tenant complaints and work towards their resolution. Imagine having your tenant issues resolved quickly while increasing tenant satisfaction with rapid response, research, and solution. Utilizing a concierge service equates to happier tenants and, thus, more consistent revenue and even increased profits for your business. Further, it removes many of the daily headaches that owners and managers face so they can focus on their core business activities.

Concierge services offer significant benefits to all parties involved!

• Provision, research, and coordination of subcontractors and vendors services, security, janitorial details (including specialized room cleaning, catering and functions management, event scheduling, dry cleaning services, ticket procurement (single or group), car services, maintenance and minor repair issues, and more.
• Lower overhead with reduced personnel training and employee hours.
• Handling and tracking of relevant services. From brainstorming to conception of concierge plan through to budgeting, implementing, tracking, and verification, we work with you from start to finish and everything in between to best suit the needs of your site. There is no longer a need for you to detract your focus from core business. If your needs change, we research options and present an analysis for you. You choose the options that best suit your situation; we take care of the rest.
• Improved response time for tenant contact and fulfillment of requests.
• Simplified accounting: one concierge service, one point of contact, one bill. We will track invoices and payments for you. Further, a partnership with our concierge service means that we provide the professional independent contractors. We reimburse them, i.e. no need to process diverse payroll each week.
• Reduced risk: our independent contractors work for us. No outlay for employee health insurance and benefits. No more worries with regard to scheduling, unemployment, or workers compensation issues for you.

Onsite or off-site concierge services offers a comprehensive solution – benefits that will place and keep you far above and beyond your competitors, whether you are owners or managers of commercial high-end apartments, condominium complexes, or commercial office buildings. Get your market edge and begin to improve your property and bottom line now.

Costs to Consider when Purchasing Rental Investment Property

The process of searching for investment rental property can be exciting; however, before you get too excited it is important to run some preliminary numbers to make sure you know exactly what you are facing to ensure a successful investment.

First, you need to carefully examine potential rental income. If the property has already served as a rental property, you need to take the time to find out how much the property has rented for in the past and then do some research to determine whether that amount is on target or not. In some cases, properties may have rented for lower than they should have while in other cases a property may be over-rented. Look at comparables in the area to make sure you know whether the property in question is on target; otherwise you may find that the amount you think you will be receiving in rental income is unrealistic.

Mortgage interest is another area that should be considered carefully. Make sure you know and understand prevailing interest rates as well as the details of your specific loan because mortgage interest is the biggest cost you will face when purchasing investment property. First, understand that homes and duplexes tend to have loan structures that are similar to any mortgage loan. With a larger property; however, such as a triplex; rates tend to be higher. If you are looking at commercial property with even more units; the matter of terms and rates is completely different. Typically, the more money you are able to put down on the purchase of the property, the less interest you will have to pay.

Taxes are another issue. Many people use the taxes from the year in which the property was purchased and assume they can use these figures to estimate expenses. This is not always the cases because taxes do not remain the same; they typically change every year. Usually, taxes go up after a property is purchased. This is especially true if the property was previously owner occupied. So, it is typically a good idea to just assume that the taxes will go up on the property after you purchase it.

One area which many people fail to take into consideration is the cost of the property being vacant. While you would certainly hope that your property would remain rented all the time, this simply is not realistic. There will probably be times when your property will be vacant. Generally, you should assume that your property will have an average 10% vacancy rate.

The cost of tenant turnover should also be taken into consideration. This is often a big surprise to many landlords who assume they will rent out their properties and their tenants will remain in the property for some time. Even more of a surprise is how much it costs to prepare the property to rent out again. Just a few of the costs include not only advertising for a new renter but also repainting, cleaning, etc. If damage was done to the property, the total cost of repair may not be fully covered by the security deposit you charged.

Of course, the cost of insurance should also be taken into consideration. Keep in mind that the insurance for investment properties is usually higher than an owner occupied property. Make sure you obtain a quote rather than just using the insurance cost for your own home as an estimating guide. In addition, make sure you take into consideration not only property insurance but also liability insurance as well.

Utility costs are another area that are frequently under-estimated. If the property has already served as a rental property make sure you find out exactly what the owner pays for and what the renters pay for. You should also make sure to find out whether you will be responsible for other costs such as trash collection.

Finally, take into consideration the costs of property management if you will not be managing the property yourself.

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Debt Consolidation For Tenants – A Priceless Opportunity

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Being a tenant is tough and it gets tougher when we have to seek outside help in the form of loans. However, debt consolidation gives us an option to bring us back on track. In this article we see how.

bad credit Debt consolidation loans,Debt consolidation loan for tenant,Bad credit loans

These days it has almost become a fashion to take loans. With loans so readily and easily. Loans have now almost become a cure for all our financial problems. With terms of loans so easy it is hard to resist going for these loans when we have a financial need or if we have multiple needs we have to take multiple loans.
It is therefore important that we should keep a regular tap on how we intend to pay our loans back. Because when we take multiple loans it becomes hard to keep track of them or sometimes to pay it back.
The problem of repayments can up for any one and it is sometimes difficult to repay the loans. The problem is even more difficult for tenants who have to pay rents and upon that they have to make loan repayments.
If that is the case then debt consolidation is ideal for those tenants who have taken multiple loans from different creditors and are having difficulties in paying them back.

This can lead to a few problems such as:
• The creditors are making calls to you which are embarrassing and humiliating you.
• With you not able to pay the money and defaulted payments the money you owe is becoming larger in amount. With interest rates getting higher.
• This sort can affect your credit score which can further lead to you to not getting a loan on good conditions again.

Debt consolidation for tenants provides them with an opportunity to consolidate all their loans into one single creditor. This not only will help them with the stated problems but will also provide them with a few benefits.
• The new loan which will be taken will be at a lower interest rate than the average of the other loans taken before that.

• With the new loans the borrowers can have a much easier repayment schedule and therefore low amount of monthly installments.

• The debt consolidation loans which are taken are provided without collateral to the tenants so there is no risk attached to these loans.

Debt consolidation is available to tenants who have a history of bad credit i.e. people who have filled for bankruptcy or CCJ’s. Debt consolidation for tenants can be very useful for them as this can improve their credit score if they can repay the dues in time.

All the borrowers need to do is to contact a creditor who is willing to provide you with debt consolidation service you can give your details and submit them and the loan decision will be made in a day or two.

It is a difficult life being a tenant and it gets even tougher when we take loans and are not able to cope up with the repayments of these loans. Debt consolidation provides a solution for tenants to these problems.

Decorating a Rental Apartment

Those who live in a rental apartment are usually quite limited in the amount of decorating they are able to do. This can have the impact of making a rental apartment not quite feel like a real home. In many cases the rental apartment is painted a bright white and residents often feel as though this color is somewhat impersonal but are not able to repaint the walls to a more appealing color. This is just one example of the decorating restrictions which may be placed on an individual renting an apartment. There may be other restrictions and reading the contract carefully will help the renter to determine what is allowed and what is not allowed.

Review the Contract Carefully

Renters who are living in an apartment should review their contract documents carefully before they begin decorating their apartment. This is important because there may be some common decorating items such as painting or installation of shelving which may not be allowed by the contract documents. Decorating in any manner which is strictly prohibited may result in harsh penalties. These penalties might involve the assessment of fees at the conclusion of the rental period or possibly even eviction.

Most standard decorating items such as hanging pictures are usually acceptable but some particularly strict policies may either prohibit this completely or place restrictions on the type of nails which may be used or the methods of patching the holes. Renters who have questions regarding whether or not specific decorating actions are permissible or prohibited should contact their leasing agent before taking action. This will help to ensure the renter is not penalized in the future for their actions.

Additionally, if the leasing agent tells the renter it is acceptable to perform an action prohibited by the rental agreement, the renter should always ask for a signed, written document stating the exception to the contract. This is helpful because the leasing agent may not remember making an exception to the rule or may not even still be working at the property when the renter’s lease expires.

Consider Whether or Not Modifications are Reversible

When renters in an apartment living situation are making decorating decisions, one of the most important factors to consider is whether or not a modification to the apartment is reversible. In most cases, the action is likely to be permissible as long as it is easily reversible. However, the case of painting the apartment is a common exception to this rule. Although painting can easily be reversed, most apartment complexes due not allow residents to pain the apartment in which they reside. This is because although painting is often reversible, the process of returning the wall to the original color is not always easy.

Irreversible modifications such as removing walls or adding permanent fixtures to the apartment are typically not considered acceptable when decorating a rental apartment. Although even major modifications are typically not completely irreversible, most leasing agents would consider modifications which require the assistance of a general contract to be permanent in nature. Conversely, small modifications such as nail holes to hang pictures are considered reversible because they can easily be corrected. Again, if the renter is unsure of whether or not an action is permissible, they should seek clarification from the leasing agent.

Consider the Security Deposit

Most renters pay a security deposit before they take possession of the apartment. This security deposit is collected to protect against damages which may be caused by the renter during the course of the rental agreement. The leasing agent may expect to need to do some minor cleaning or a few small repairs after the renter vacates the premises. However, a deposit large enough to cover the cost of more significant repairs is often collected to provide the leasing agent with some protection in case the renter damages the apartment and leaves it in need of considerable repair.

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Decorating a Rental House

Those who opt to rent a house as opposed to an apartment may still be held to certain restrictions regarding the type of decorating which can be done on the property. These restrictions may be stricter or more lenient than those typically enforced when a renter is renting an apartment property. This will largely depend on the preferences of the homeowners. Homeowners who do not want to see major modifications done to the property may place strict restrictions while those who want to see the property improved may allow the renter a great deal of freedom in their decorating options.

How Much is Too Much?

This can be a difficult question to answer when used in reference to how much decorating is permissible in a rental house. Many renters opt for a situation where they are renting a house as opposed to an apartment strictly because they are looking for more freedom in their decorating options. However, the renter may find this desired freedom is not available to them.

Some homeowners may allow the renter to make minor decorating changes such as painting the walls, hanging up pictures or installing decorative shelving. However, more extensive decorating items such as new flooring, knocking down walls or putting in windows might not be considered acceptable by some homeowners while others may allow the renter to perform such actions. Still others may require this type of work to be done but may place restrictions which specify all improvement work shall be done by a qualified professional.

Check with the Homeowner

When considering doing some decorating in a rental house, the renter should first carefully review all of their contract documents. This is important because the contract may clearly prohibit certain items. In this case the renter would know for sure that they are not allowed to perform these actions. However, the renter should not count on the contract documents to spell out every possible scenario. Therefore if a renter is considering making modifications to the rental house they should consult the owner before performing any work. They should also ask the homeowner to provide a written statement expressing their approval of the work to be completed.

The homeowner is the renters best resource of these types of questions because the homeowner has the best understanding of their intentions when they wrote the rental contract. They might have specified that no renter can alter the appearance of the apartment without the consent of the homeowner but they may have meant for this statement to only apply to certain situations. In these cases, seeking clarification and written approval can be very beneficial to the renter.

When in Doubt; Leave it Out

If renters are in doubt about whether or not to perform a specific decorating action and are unable to reach the homeowner for clarification, they should opt not to make the changes. This can save the renter a great deal of time and money in the long run by preventing them from incurring excess charges for repair of the apartment and wasting a great deal of time making an improvement which the homeowner may ask to have reversed in a short period of time. This is why renters should assume an action is prohibited unless they have concrete proof otherwise.

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Differences Between Renting Vs Buying A Home

Renting vs. buying a home is hard for most people to understand. If you rent a home, you will claim the monies paid for rent on your taxes for a credit. The top line may only be three hundred pounds or so depending on your state. If you own a home, you will claim the interest and taxes paid to receive a tax reduction. If you think about it this way, buying a home is always better. Nevertheless, you have to look at the bigger picture to decide if owning or renting is better suited for you. You might want to consider some of the following before making a decision.

If you think about renting vs. buying a home from the standpoint of repairs, you might find out that home repairs can be expensive. If you are renting, the property owner is responsible for repairs that are not caused by you. If you buy a house, you have to do repairs to the home as needed. This money will come out of your pocket. Renting vs. buying a home in this case, sounds like renting will probably suit you better if you do not have the time or the money for repairs.

When you are renting a home, you will want to have renters insurance, where as owning a home requires having homeowners insurance, which may cost a little more money a year. If you own a home, you have to pay property taxes, where as a renter will not. As one can see, there are many differences to owning a home and renting.

If you own your home, you can do what ever you want in the home and with the property. If you rent a home, you have to follow the requirements of the property owner. Renting vs. buying a home is much more exciting, because when you do remodeling work, you will enjoy the rewards for as long as you own the home. If you are renting, you have a slight chance of having to move and start over. Renting and owning a home is always a matter of choice.

When you weigh the options of buying a home or renting a home, you will find that it is hard decision. Some people have been known to rent with the option to buy. This requires a monthly rental payment with some extra monies tacked onto the monthly payment toward the down payment of the house. This one way some people who cannot afford a house payment save the down payment and are renting to own. You do have to be careful in these cases and define who is responsible for what and when.

Keep in mind, that just because you have paid a down payment over the years, does not mean a bank is going to approve you for a home mortgage. This would be a reason to terminate the agreement and if you do not have the proper paper work, you could lose that extra money.

Don’t Have Home…Do Not Worry… Avail Tenant Loans…

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Not only homeowners, but tenant also can avail loans. Tenant loans are unsecured loans, so no collateral is required to avail these loans. In this article we have discussed about various sorts of tenant loans.

Tenant loans, Personal loans, bad credit loans, Mortgage, Debt consolidation loans

A home is not the compulsory criteria for availing loans. Tenants also deserve it. These days, besides homeowners, tenants are applying for different sorts of loans as well. Availability of various kinds of unsecured loans has enticed tenants to enter in loan market. As these loans are available without any collateral, thus tenants can access these loans easily.

As a tenant, you can avail these loans without pledging any property as collateral. But do remember, your credit score and repayment capacity will be checked by lenders at the time of providing loans. At the same time, for availing any sort of tenant loan, you will have to fulfill the following criteria –

• Full time employment.
• Your account must have a direct debt card acceptance facility
• Evidence of your identity and residence
• A contact number, it could be a mobile or landline number.

These loans are available for all sorts of tenants, like council tenants, private tenants, and people living with parents.

However, tenant loans are available with an attractive package ranged from £1,000 to £50,000. And the repayment period of these loans varies from 1-25 years. But the rate of interest of tenant loans is relatively high due to the absence of collateral. Still, by negotiating with lenders you can get these loans at a suitable interest rate.

According to borrowers’ needs, various sorts of tenant loans are available. Some of the famous are mentioned below

Tenant loans for debt consolidation: Debt consolidation loans are also offered to tenants for solving their debt difficulties. With these loans, a tenant can consolidate his all unpaid debts into one that would become convenient for him to repay. Even more, he will get a chance to deal with single creditor instead of various ones.

Tenant loans for bad credit borrowers: These sorts of loans are especially meant for those tenants who have bad credit score. With these loans, they are getting a possibility to improve their credit score and come out of bad credit history.

Tenant loans for fulfilling personal purposes: With these loans, tenants can fulfill their various personal purposes, like wedding purpose, making holiday trip, investing in their own home and many more…

Tenant loans for business purposes: Business loans are also available for tenants. A tenant can use these loans for various business related purposes, like starting a new business, expanding business and so on.

Car loans: No! It is not merely a dream, but it is true that a tenant can also available a car loan. Different lenders cum car dealers offer loans for tenant too.

Nevertheless, the criteria to avail all types of tenant loans remain same. Still, the rate of interest may vary in accordance with loan amount and duration.

It is common belief among tenants that they can not opt for any loan as they do not possess any property. But it is totally wrong. Loans are also available for tenants with which they can fulfill their various purposes.

Dreams can be Secured with Unsecured Tenant Loans

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Unsecured tenant loans can be the deal of your choice when it comes to get funds for your needs. These loans are easily available in the market with faster approvals. Tenants, students, PG’s and other people without collateral can apply for these loans to satisfy their wishes.

Tenant loans, secured tenant loans, unsecured tenant loans, best tenant loans UK

Tenants, Students, PGs and all such people have one thing in common when we talk about applying for a loan. Can you guess what??? Yes the similarity is that none of them have any property of their own to offer as collateral. So they will be in trouble when the need for money arises. But as all problems have solution, here also there is a solution called unsecured tenant loan.

Why one should go for an unsecured tenant loan?

Unsecured tenant loans are easily available in the market. These loans come with large number of benefits which makes them distinct among other standard forms of loans. These benefits are:

•Easy and apt way of getting finance from outside resource.

•Tenants and home owners can easily apply.

•Freedom for fear of loosing your asset as there is no collateral involved

•Loan available for people with bad credit also (like defaults, arrears, CCJ’s and IVA’s, bankrupts etc) depending upon the lender.

•Faster approvals as valuation of collateral is not their.

•Better interest rates are available with increasing competition among loan lenders in the market.

How can I use the loan amount?

An unsecured tenant loan can be used for any of the borrower personal needs. Most of the lenders don’t even ask for the purpose for which you are applying for the loan. You can use the amount for consolidation of debts, business financing, wedding expenses, children’s education etc.

How much can I get as a loan amount?

Amounts ranging from ₤1000 to ₤25000 can easily be applied under an unsecured tenant loans. But you are recommended to only apply amounts which you can repay afterwards or you will be in deep trouble afterwards. So determine your ability to repay before applying. However you can also apply for larger amounts if circumstances allow it.

Where can I get the best unsecured tenant loan?

There are lot many lenders in the market with such attractive packages which you can’t resist. Finding such genuine deals in the market may be a tougher job for you. So to save your time and energy you can go for online option to search and apply. Most of the reputed lenders have their own website. You have to just log on to their websites to find out the package which suits you the best in terms of interest rate and terms of repayment. For your help there are several comparison tools, loan calculators, Repayment calculators etc which will guide you to your way of getting financed.
Unsecured tenants loan can cover up the gap between you and your desires all you needs is to do little bit of hard work in form of research for a good lender and then apply for such loan.

Dubai Apartments For Rent On Self-Catering Basis Part 1 Tips For Tenants

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With over 5.8 million visitors in 2005 and occupancy rate in excess of 83% Dubai is fast becoming one of the world’s premier tourist destinations in the world with tourism business reaching unprecedented levels.

Dubai apartments, Dubai apartments for rent

With over 5.8 million visitors in 2005 and occupancy rate in excess of 83% Dubai is fast becoming one of the world’s premier tourist destinations in the world with tourism business reaching unprecedented levels.

It is clear that the travel industry hence the local accommodation providers are riding the biggest wave of their life as the request for holiday accommodation has clearly overtaken the supply.

Quality wise, there is a wide choice of accommodation available in Dubai ranging from hotels or hotel apartments to self-catering villas and apartments with this latest option being much sought after in recent days.

Renting a furnished apartment or villa on self-catering basis proves to be a cheaper option then staying in many hotels especially if you intend staying in Dubai for longer then the usual package holiday or if you are a large group or simply wish to have greater flexibility and privacy.

One of the most popular areas of Dubai is the Dubai Marina that delights residents and visitors with its cosmopolitan atmosphere and unique refreshing lifestyle, challenging the most exclusive waterfront developments in the world’s leading cities.

Booking a Hotel in Dubai Marina is out of reach for many travelers who would rather spend their budget on shopping, for this reason renting a self–catering apartment or villa can be a smart option, more affordable, more comfortable and also more exciting…. There are many villas and apartments available for short-term rental on self-catering basis and can cater from a minimum of 1 guest to as much as 15 guests according to the design of the individual property.

When planning to book a holiday apartment or villa in Dubai on self-catering basis it is necessary to carefully select the right agent to deal with. The most recommended would certainly be those actually based in Dubai that can guarantee you full assistance on a 24 hrs basis.

It’s really the quality that matters when you choose your holiday home in Dubai, yes you could be spending a little extra but in the end is your accommodation on the line. Some properties are equipped with every amenity you could think of, from the bread toaster to the kettle, from the coffee maker to the microwave some even offer a complimentary twice weekly house keeping service, fresh towels, fresh bed sheets and extra amenities such as shampoo, shower gel etc… some other properties that come across as a good bargain could end up being a bad surprise to say the least and you might experience issues such as faulty air conditioning, lack of water pressure, rusted cutlery items, lack of glassware or cooking items, poor hygiene level and the list can go on to a point where your vacation could get badly compromised. Professional agencies maintain and check on the properties on regular basis in addition to supply amenities, accessories and services to a level that can meet and in some cases go beyond the standard of a 5 stars hotel.

Probably the best way to go about it, when possible, would be to actually inspect the premises before making any payment, in this way you will have a direct understanding of the quality of property you are about to reserve and you will also be able to check the consistency with the information (photos or descriptions) that were displayed on the agent website or catalogue.

When booking a self-catering apartment or villa there are few questions that you might want to ask such as:

How far and where is the nearest hospital? Does the property have a telephone line to make at least emergency calls? Will you be awaited at your arrival in the early ours of the morning and will you be escorted to your apartment by professional and English speaking staff? Will you find first hand groceries in the fridge at your arrival? How far is the closest pharmacy? How far is the closest supermarket? How far is the closest restaurant or coffee shop? Are the utility bills included in the rent? Is there a house keeping service provided? Is there an emergency assistance number that you could call in case it was required? Is there an Internet connection in the apartment? Is there a cable TV in the apartment? How far is the beach? How far is the closest mall? Is the area fully developed or is it still under construction? How noisy or quite is it and does the apartment/villa have double-glazed windows to serve this purpose? Are taxis easily available? Etc etc…. In the end it all comes to experience and professionalism… There are many companies offering holiday villas and apartments in Dubai and around the world, which is a great advantage as it keeps the competition alive and the rates affordable, however be always careful and do your homework before making your final choice, at the end of the day it’s your holiday on the line and you don’t want to jeopardize it just to save a few bucks.

Dubai Self-Catering Accommodation. Part 2: Tips For Landlords

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…following my last week article “Tips for tenants”, in this issue I would like to cover some interesting guidelines for those Dubai landlords adventuring into the Short-Term Rental business.

Dubai apartments, apartments in Dubai

…following my last week article “Tips for tenants”, in this issue I would like to cover some interesting guidelines for those Dubai landlords adventuring into the Short-Term Rental business.

It is a very common and old practice, especially in the Italian, Spanish or French Riviera to rent out a personal property as a holiday-home to tourists. The short-term rental business has proven pretty successful in those countries with strong tourism affluence and since Dubai is working on becoming an international holiday destination, it is interesting to consider this investment opportunity.

By renting out a property on short-term basis a landlord has the chance to use the property for his/her own personal use, generate a high return of investment by letting it out to holidaymakers and at the same time benefit from the property value appreciation.

The short-term rental concept could be applied anywhere in the world but the real key to its success lays in its implementation within the local market in fact any successful business idea can be brought to Dubai and prove a complete disaster, the concept by itself is nothing new and certainly not invented in Dubai so the actual heart of the business is not much in the idea as it is in its execution.

Having the idea and the product (the property) is just about 10% of the business, what really matters is the marketing which I would value at 70% and the actual daily running which could be valued at 20%

Setting up an apartment for the short-term rental requires experience, interior designing skills, attention to details and plenty of time and resources to follow up the actual furnishing process, utilities connections, daily running and marketing.

Some details are extremely important and if overlooked, will compromise the stay of your guests hence it is essential to set up the property with the guests’ needs in mind rather than following a questionable personal taste.

One detail that is consistently overlooked is the actual efficiency of the bedrooms’ curtains, which in the majority of the cases don’t block the windows’ light properly, this is usually due to lack of experience or to “good bargain” ready-made curtains resulting in a horrible 6 am daily wake up call for your guests.

Another important aspect to acknowledge is the considerable investment to be made in purchasing the bathrooms face and body towels, it is in fact necessary to provide a high number of these so to allow a twice weekly replenishment and the same goes for bed sheets, quilt covers, pillow cases etc…

In most cases the “do it yourself” schemes work pretty well when you do have experience, knowledge and passion about what you are engaging with, other wise it will simply result in complete frustration to say the least.

Without considering the daily management issues and the inevitable guests complaints even the twice-weekly house keeping service is a far more demanding task then what it seems…

A reasonable solution to this, especially if you are handling more then one property, is to refer the entire marketing and management to a professional agent who for a fee (usually 20% of the rental) will take the weight off your shoulders with a smile.

In the current market a 5 stars marina-view one bedroom apartment in Dubai Marina Face 1 (where all the cafés and restaurants are) will rent for approx AED 95.000/- per year if unfurnished, the same property can fetch up to a AED 235.000/- a year if rented out furnished on short-term basis and after deducting the 20% agency commission plus about AED 40.000/- for the 5 stars furnishing and approx AED 8.000/- a year for the utility bills, this will live the owner with a net AED 142.000/- (on occupancy rate of 79%)

The numbers speak for themselves however is important to remember that where there is a good return there is also a certain risk and many will agree that the most delicate figure of the above calculation is the occupancy rate which cannot be guaranteed in any property short-term rental management contract.

Keeping the above consideration in mind, would you wish to engage an agent for your short-term rental requirements, it would be wise to commit for an initial trial period of maximum six months, this period shall allow you to gather enough details and should give you a good idea about the reliability and actual potential of the agent/marketer you are dealing with.

Would you rather get more hands-on with the business, you could opt for a non-exclusive marketing agreement, also available in the market and you will be able to market your property through other agent/marketers and potentially increase your exposure however this is not necessarily the optimum solution in fact many agents will give priority to the properties of those clients with whom they have contractually committed with.

Embark Upon a Brighter Financial Future with Cheap Tenant Loans

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Cheap tenant loans can facilitate you to procure funds to extinguish your financial requirements without risking your property that too at a low interest rate. Even if you are coping with a bad credit history, cheap tenant loan can befit your scenario.

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Absence of a security at times leads to apprehension from obtaining a loan, required to meet your ends. Tenant loan in simpler terms would mean an unsecured personal loan as it does not necessitate a collateral. However, these loans are often tagged with high interest rates and short loan terms.

Short loan term can bear out a beneficial outcome for you as it can ensure early loan repayment. An early loan repayment in turn can restore your peace of mind and get you back on track.

High interest can prove to be a nightmare for you with its not so positive repercussions on your credit standing. But due to the competition between financial institutions, each organization attempts to offer competitory rate of interest. This new phenomenon has added to the benefit of the consumer. A good FICO score can make sure that you can obtain favorable rate of interest on your loan amount. Although a good credit score is not a pre-requisite to locate cheap tenant loans. Even if your credit score does not fall in this category, you can still procure cheap tenant loans though at a slightly high rate of interest.
It can be a tiresome task to search for loans if you are not a home-owner. Cheap tenant loans can provide a well- suited loan solution for the students, paying guests or those who do not have a security to pledge against the loan amount. Procurement of cheap tenant loans can evade the risk of repossession of your property. Yet it is essential to structure out a repayment plan as you may be trapped in a legal proceeding if scheduled repayments are not made.
There are no limitations as to what kind of expenditure do you desire to incur through cheap tenant loans. You can cater to your diverse financial necessities such as wedding, education, home improvements, debt consolidation, purchase car or boat or computer, vacation, home improvements or any other short-term fiscal ambition with cheap tenant loans.

With the increase in the number of loan providing organizations even bad credit history is not a predicament to procure cheap tenant loans. So if you are coping with County Court Judgments, Individual Voluntary Agreement, self-employed status, defaults, arrears or any other form of bad credit. You need not worry about it now. Cheap tenant loan can pave an easy way out from your current financial constraints.

A thorough research is recommended before you can settle for an appropriate loan deal. Take advantage of free no obligation loan quote facility provided by some of the online loan providers.

To apply for a cheap tenant loans you will require three years proof of your residential address details and employment status amongst other personal details. If you have moved address or job lately you could possibly face trouble getting a loan.

The approval time for cheap tenant loans is comparatively short as a routine evaluation process of the property is not required. This implies that funds can be wired to your account at the earliest.

End Your Financial Troubles With Bad Credit Tenant Loan

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Is there any confusion in your mind regarding the bad credit tenant loan? If yes! Then read this article and get rid of your confusion.

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Loan and bad credit both together seem to be a strange combination. But it can be possible with bad credit tenants’ loan. Bad credit tenant loan are especially for the people with bad credit history and above that they do not own their house. But before going for bad credit tenant loan one must understand the concept of such kind of loans.

Let’s start with who are the people that come under the category of tenant?
The non homeowner is a tenant. Tenants do not own a house but live in the rented accommodation or people living with his parents or a student; they all come under the list of tenants.

How can you use the bad credit tenant loan?
Bad credit tenant loan can be used for any purpose whether buying a car or house and many more. But generally these loans are taken for consolidation of their debts. Consolidation of the debts implies setting off the debts through a single loan. It lets you to deal with the single lender rather than a number of creditors.

What is the criterion of charging interest?
Interest rate can be termed as core of any loan. The basic criterion which the lender generally follows is the current market rate, the rate of interest offered by competitors, the financial status of the borrower and last the amount being borrowed. These are the factors which play a crucial role in deciding the interest rate for the borrower.

Is the interest rate charged in bad credit tenant loan higher?
To a certain extent, the interest charged by the lender is higher. This is because it is the compensation for not giving any security to the lender. At least he feels somewhat secure for the amount being given for loan.

How can the person apply?
The first step is to estimate your budget regarding how much money you need to borrow. After determining your need, you are required to choose the lender, which will help him in satisfying his financial needs. Traditional lenders are readily available for providing such loan in the physical market, but the better way to get such loans is through online. This makes the work a bit convenient, easier and faster.

Is there any need of taking any precautions before going for such loan?
Well it has been rightly said that precaution is better than cure. So the person should be cautious before going for such loans. He should make a thorough research regarding the lending company, terms and conditions and prevailing market, in order to get best deal.

End your Financial Worries with Bad Credit History Tenant Loan

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Bad credit history tenant loans are loans for people lacking collateral to offer and those getting denied from loans due to their bad credit score. These loans can be used for any personal purpose of the borrower like debt consolidation, buying property or home or just traveling around….

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Bad credit history- a word with lot of negativity in it for a desiring loan borrower. A tenant with bad credit is one, to whom most of the lenders avoid to lend their money. The reason is simple .i.e. lack of collateral in absence of a good credit score. Bad credit history tenant loans are such unsecured loans which offer you appropriate finances for your wishes.

Bad credit history tenant loans are for people with bad credit history which occurred due to defaults made by them in the past. Defaults include non-payment or late payments of debts, unpaid credit card bills, large number of debts, CCJ’s and IVA’s taken, bankruptcy etc. So now you are much aware about how easy it is to get a bad credit history. But the troubles begin when you need to recover from it. It needs lot of effort and commitment as you have to clear off your debts by make timely payments for a good amount of time.

Bad credit history tenant loans gives relief from financial trouble to tenants, PG’s, students, non-homeowners, people living with the parents or those who don’t want to put their asset at stake. These loans being unsecured carry a slightly higher rate of interest but this single negative trait is nothing against the benefit it offers. These loans are approved faster as compared to secured form of loans as the valuation of the collateral is not involved. There is very less paperwork involved in applying for such loans.

Bad credit history tenant loans are loans with multi-usage as there is no restriction on how you use the loan amount. Besides buying property, car or boat, funding educational and health expenses, holidaying purpose these loans can also be used for debt consolidation which is am effective tool for improving credit score. As far as the loan amount is concerned you can borrow from ₤1000 to ₤25000 for a period of 12 months to few years depending upon the policies of the loan lender and the amount taken.

Online option is the best way to apply for bad credit history tenant loans. There are dozens of websites to search from. However it is not the only option, you can also personally visit lenders for loan quotes but online searching can save lot of your valuable time and energy. With the help of tools such as loan calculators and comparison tools you can easily find a loan package of your choice. The final step is to apply for the loan by filling an application with the requisite details such as name, address and contact information, date of birth, loan amount required, purpose of the loan. Once the lender is satisfied he will process your request for approval.

Bad credit history tenant loans is the most convenient way of getting financed while not letting your bad credit score trouble you.

Establishing Valid Criteria for Selecting Tenants

Establishing tenant selection criteria can be one of the most confusing areas of operating rental property for many people. On one hand, you want to make sure you choose the most responsible tenant possible; a tenant who will pay his or her rent on time and one who can be relied upon not to destroy your property. Yet, at the same time you must make sure that you abide by fair housing laws.

Before you actually begin renting out your property it is a good idea to sit down and determine the criteria you will use to choose that best tenant. Without guidelines you will have no choice but to rely on your instinct to choose the best tenant and this could result in trouble if you are only relying on your feelings to make a tenant selection. One of the worst risks you can take is to let your own personal opinions and biases guide you in your decision because this could open the door for a discrimination lawsuit.

First, you should always make sure that you notify prospective tenants that you utilize a fair system to make your decision. Ideally, it is best to include this type of statement on all rental applications. For example, you might state “Our policy is to rent our units in compliance with federal, state and local fair housing laws.”

If you are fairly new to operating investment rental property, you may not be cognizant of fair housing laws. Be sure to consult your state’s fair housing office to determine those guidelines which you must follow.

Beyond fair housing laws, it is important to make sure you establish criteria that is concrete by which to judge all potential applicants.

For example, it is common to require that the applicant provide identification that is verifiable. You may require the applicant to present a photo ID with their application so that you can make a copy of it. This type of requirement is valid because you may need it in the future in the event you need to describe adult occupants of the unit. If someone co-signs the application, it is also a good idea to obtain identification for them as well.

It is also quite valid to require information which would help you to determine that the applicant has a sufficient income to rent ratio. If the applicant were applying for a loan to purchase a home, the lender would require similar information. The general rule of thumb is to identify applicants that have a gross monthly income that is three times the amount of the rent. One way to document this information is by requesting copies of the applicant’s pay stubs along with their application. If the applicant is self-employed, you might ask them to provide their last tax return in addition to three months of bank statements. If you cannot verify the applicant’s income, this would be a perfectly legitimate reason to deny their application as you have no assurance that they would be able to pay their rent.

Many property managers and landlords also check credit ratings and scores on applicants as well. The purpose of this is to verify the financial responsibility of the applicant. The general guideline is to obtain a credit report on all applicants as well as any co-signers who are over the age of 18. Keep in mind that you will need to receive permission to run a credit report; however, you can request this information on the rental application. Applicants with low credit scores could be legitimately denied on the basis on being unable to prove financial responsibility.

In addition, you should check references. Typically, you should ask all applicants to provide the names and telephone numbers of individuals who can verify the applicant’s income sources as well as character references.

Finally, make sure you follow-up to check that the applicant has been able to successfully rent a dwelling in the past and paid their rent on time. In the event an applicant is unable to meet this requirement but does meet all other requirements you may consider requiring the applicant to have a co-signer.

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Financing With Personal Tenant Loan Get You To The Top

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Personal tenant loans are a form of getting financed without offering collateral. The basic advantage of such loans is that people who are living as tenants or students can also apply for such loans and get faster approvals. These loans are easily available in the market….

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If you are a tenant that doesn’t mean that you cannot apply for loans. There are lot may tenants with dreams in their mind to fly high. These people face difficulty in getting the money in form of loan because they have nothing to offer to the lender as security for the loan amount. Personal tenant loans can be the perfect support you are looking for your personal needs.

The term Personal Tenant Loans can be defined as the synonym for personal unsecured loans. These loans are basically for the people without an option to offer their property as collateral. These may include student, tenants, PG’s, people living with their parents etc.

You can apply for amounts ranging between ₤1000 to ₤25000 for a repayment period from 6 months to few years depending upon the amount taken and lender’s policy. Being an unsecured loan these loans comes at slightly higher rate of interest than secured loans. But there is no stress and anxiety which may be surrounding you due to fear of loosing your property as collateral. Absence of process of valuation of collateral saves time hence faster approvals. Loan amount can be used for any purpose such as debt consolidation, wedding or health expenses, for property buying or home improvement or your business loans.

These loans also help you clean up your credit history as when you make timely payment of installments it adds positively to your credit score. But for this you need to consider the fact that you should borrow only that much of amount which you can repay afterwards or it will damage your credit record. Normally you can get about 70 to 75% of your annual income.

There is an online option to apply for such loans which is considered as the fastest, easiest and most reliable form of getting a loan. With the help of online tools such as loan calculators, repayment calculators, comparison tools you can easily find out the loan package of your requirement. The online form is also very simple to fill. You are required to fill details such as your name, address and contact information, amount of loan you are applying for and your credit score. Once the lender gets through your application form he himself will contact you for further assistance.

As the lenders in the market are facing tough competition in attracting borrowers, they are reducing the interest rate which can further benefit you. Now with all such features and advantages it can be said that, personal tenant loans are the right platform for you to get the best financial support.

Financing Options for Rental Property

Many investors are now finding that rental property can be an excellent way to create wealth. If you are considering getting involved in rental property investing, it is a good idea to educate yourself as much as possible. First, you need to find out what it takes to become qualified to purchase investment property because it is actually somewhat different than becoming qualified to purchase a regular home.

One of the reasons for this is the fact that a significant number of investors either walked away from properties or declared bankruptcy during the early 1990s. While you should certainly not be punished for someone else’s problems, neither do lenders want to be left holding investment properties. Therefore, it is important to understand that the requirements for being approved for a mortgage on rental properties are somewhat different from what you may be accustomed to.

While a home can often be purchased with a minimum down payment, especially if you are a first-time home buyer this is often not the case with rental property. Many lenders require a minimum down payment of 15%.

There are many different sources you can tap into for possible financing. These options include:
• Mortgage broker
• Local savings and loan or bank
• Private lender
• FHA; Federal Housing Association

Regardless of which option you choose, you will find that most lenders will want to be assured that you will have a sufficient amount of rental income in order to cover not only the mortgage payment but also other expenses such as insurance, taxes and maintenance. Depending on the amount of income that will be provided from the property, some lenders may require a larger down payment.

There are also different types of loans which you can use to finance the purchase of a rental property. One option would be a residential loan. This type of loan can be used to purchase from one to four units. The exact options that are open to you often depend on whether the property will be owner occupied.

Another option would be a commercial loan. This is an option when the property is five units or more or it will be non-owner occupied. Due to the fact that it is a commercial loan, it is often far different from a residential loan in regards to terms and requirements. One of the main differences between a commercial loan and a residential loan is the fact that fees and rates are frequently higher on a commercial loan. A larger down payment is also often required. The down payment on a commercial loan typically runs between 25% and 35%. While there are some lenders who may be willing to agree to a higher loan to value ratio; the requirements for qualifying for such loans are usually more stringent. The lender will also carefully examine the ability of the property to generate a cash flow that will allow you to repay your loan. As a result, the lender will typically examine the property to ensure it can provide an income that will not only allow you to cover the mortgage payments and other expenses but also provide enough of a cash flow that you will have additional income to place into a reserve account.

Private party lending is another option for many prospective investors. One option would be to approach the current owner about seller financing. With this option the owner carries back the loan for a down payment and fair interest rate. You may find that you can save lending fees with the options and may also be able to take advantage of making a smaller down payment.

Another option would be what is known as a hard-money loan. This is a type of short-term financing where a third-party makes a loan to assist the investor with purchasing the property. Generally, this type of loan involves a higher interest rate due to the fact that the buyer has poor credit or because the property is in disrepair and requires extensive renovation.

FHA programs are frequently offered through traditional lenders. Keep in mind; however, that FHS does not actually lend money. They do provide insurance for lenders; offering numerous loan programs.

Regardless of which financing tool you choose, remember that there is always the option to refinance at some later point in order to obtain a better rate and terms.

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Finding a Rental Apartment

Those who do not wish to purchase a home may find that renting an apartment is an ideal solution for their situation. An apartment can offer many of the conveniences of home ownership such as a functional living space offering the renter the opportunity to eat, sleep and entertain in their domicile. Renting can also offer additional amenities such as meeting spaces, pools, weight rooms or exercise equipment. These types of amenities are optional and may not be available in all rental situations. This article will discuss the art of finding a rental apartment that will suit all of your needs.

Renters who are interested in finding an apartment should consider a number of factors. These factors might include their budget, location, requirements and desires. The key to finding an ideal apartment to rent is to strike a balance of these factors. For example a renter may desire amenities such as a pool, hot tub, sauna, steam room and onsite theater but these options may not be available in his budget range. In this scenario, the renter will likely have to make some compromises which may include realizing not all of the desired amenities are feasible within the current budget or making the decision to allot additional funds for rent.

Set a Budget First

Budget is one of the primary concerns for those looking to rent an apartment. For these individuals, the search for an apartment should begin with the process of narrowing down the search for apartments to those that are within the set budget. It might be worthwhile to look at a few apartments which are priced slightly above the budget. This is because, depending on the vacancy rate, there may be an opportunity to negotiate a slightly lower rate which can bring the rent of the apartment to within the renter’s budgetary constraints. Alternately the renter may decide he is willing to pay a little more for certain features such as a larger living space, more desirable amenities or a choice location.

Choose a Location

Location is a very important factor for renters to consider when searching for an apartment. An ideal location is one which is not to far from family, work or leisure activities. Again this is a matter of personal preference and will depend largely on the desires of the renter. Some renters may favor a shorter commute to work because it affords them more time to spend with their families. Other renters may not have family close by and may opt to rent an apartment further from work if it is near access to an activity they enjoy such as skiing in the mountains or surfing in the ocean.

Renters should also consider the surrounding areas when choosing an apartment. Some renters may enjoy being near social activities such as movie theaters and shopping centers while others may prefer to rent an apartment in an established neighborhood apart from the commercial areas. Likewise some renters may prefer living in an apartment where there is nearby access to public transportation while others may not favor this option.

Consider the Requirements and Amenities

Finally, renters should consider their requirements and preferred amenities when searching for an apartment. Requirements might include criteria such as two or more bedrooms, two or more bathrooms or a minimum square footage. These are criteria which the renter feels they must have in order to function in the apartment. For example a family with two children might need 2-3 bedrooms while a single person may be able to function with only one bedroom. However, a single person who works from home may require an additional bedroom to use as an office.

Renters should also consider the features they would like to have in an apartment complex. This may include access to a pool or exercise equipment, the use of a home theater for residents or meeting facilities which are only available to residents. Renters should carefully consider these options and determine which are most important to them.

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For Tenants with Bad Credit – Poor Credit Tenant Loans

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Poor credit tenant loans are multipurpose loans with faster approvals. Tenants, PG’s, students, non-homeowners can easily apply for such loans without getting troubled from their bad credit score as these loans don’t demand any security from you as collateral for their approvals……..

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Reading title itself made you know about what we are going to talk about i.e. poor credit tenant loans. People easily get standard loans to get their wishes fulfilled by letting their property or home as collateral to the loan lenders. But lots of people in this world are not capable enough to have their own home. With lot of desires in their minds to cater they look for finances in form of loans. But their trouble starts here when lenders ask for security from them due to lack of a good credit score. Poor credit tenant loans are one such form of loans.

Poor credit tenant loans are basically bad credit unsecured loans for tenants, PG’s, students, people living with their parents but homeowners can also apply for such loans if they don’t want to put their asset at stake. These loans are at a slightly higher interest rate, reason being lack of collateral fused with a bad credit score. The occurrence of a bad credit score is highly dependent on how you perform with debts in the past. It addition to this, your length of residency, employment status etc also affects your credit score.

For finding out your credit score you can visit or log on to websites of credit rating agencies. These agencies namely experian, equifax and transunion analysis your finances and manages a credit report. You can get your credit report along with your credit score at some charge from these agencies. These agencies can also help out in getting your credit score improved faster. This is the story of your credit score, which a standard loan lender looks for while letting you his money. But you can easily apply with bad credit score for a poor credit tenant loan.

Poor credit tenant loans carry certain advantages, which no other loan can offer:

•Easy to apply for defaulters, arrears, CCJ’s and IVA’s, bankrupts etc.

•Faster approvals as valuation of collateral is not involved, perfect for your urgent needs.

•Gives you freedom from fear of loosing your property as collateral.

•With the increasing competition in the market little research could get you low interest rates and better terms and conditions.

•Online option for applying saves lot of time and energy.

•Reduced paper work.

•Loan amount can be used for any personal need of the borrower i.e. Debt consolidation, buying property, car or boat, Education or health purpose or simply for traveling around.

Poor credit tenant loans can get you amounts ranging between ₤1000 to ₤25000 for a period of 6 months to 2 years. So you can get an apt financial partner to get your wants satisfied with poor credit tenant loans.

Get a Loan…Without a Home!!! Bad Credit Tenant Loans

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Bad credit tenant loans are apt way of funding your desires without letting property as collateral. These loans are basically for people lacking collateral like tenants, students. These loans are for satisfying the any of the personal needs of the borrower like education buying a property, home, car boat and many more…

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A loan without a home is the best funding option for you if you are a tenant and can’t offer anything as collateral. Beside lacking collateral your bad credit score may increase your troubles in numbers for getting financial support in form of loans. Bad credit tenant loans are here just for you to get rid of your anxiety and stress of not getting the loans.

Your bad credit score discourages the lender to offer you his money. This is because in absence of collateral it is the only assurance left that the lender will be getting his money back in time. You can get the copy of your credit report and credit score from credit rating agencies like Experian, Equifax and Transunion. Obviously they will charge to give you their services. You can study these reports to get a better picture of your finances. These agencies will give advices on how to improve your credit score to get a good loan deal. Normally a score below 500 is considered as a bad credit score. Here comes the option to get a bad credit tenant loan to get funds.

Bad credit tenant loans popularly known as bad credit unsecured personal loans are loans where you are not required to submit your property as collateral. It comes with an option to use the loan amount according to your personal need. You can use the money for buying property (home, real estate etc), home improvement (adding rooms, renovation, plumbing etc), purchasing car or boat, giving your children higher education, expending your business or starting new undertaking etc.

The benefits of a bad credit tenant loans are following:

•Faster approvals of loan as valuation of collateral is not involved.
•Freedom from tension of loosing your property as collateral.
•Multi purpose loans.
•Reduced paper work.
•Option to apply for a loan through internet.
•Negotiations can be done for better rate of interest.

The amount of loan which you can apply for under bad credit tenant loans depends on various factors such as your income, payment history, and ability to repay the amount and off course your credit score.

All circumstances considered, bad credit tenant loans are available to people with bad credit history, poor credit rating, CCJ’s & defaults, council tenants, private tenants, living with parents. You can apply by filling a simple online for with your personal details and amount of loan you are looking for to get the services of the lender, once he is satisfied.

Get Financed With Bad Credit Council Tenant Loans To Fly High

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Bad credit council tenant loans are the financial support you are looking for. These loans easy to apply loans for people falling under the trap of bad credit and don’t have any collateral to offer to the lender as security…..

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A human being gets attached to places where they spend most of their time. Same is the case with tenants who spend a good amount of time at a place, which they don’t own but consider as their home. They take cares of that place, as a homeowner cares for his house. But as everything in this world comes at some cost, you need funds to bear that cost. Bad credit council tenant loans can be your financial partner in bearing those cost.

Council tenants are those tenants who can buy the home in which they are living as tenants. They have certain rights to repair or renovate their place of living to certain extent. For conducting those repairs you can use a bad credit council tenant loan. However there is no restriction on how you wish to use the loan amount. You can use the money for debt consolidation to enhance your credit score or to get your dreams of traveling around the world or big wedding of your children to reality. You can also use the funds for educational or health expenses or buying your place of living.

Bad Credit Council Tenant Loans consider the following people for loan approval:

• Bad credit history

• Poor credit rating

• CCJ’s & Defaults

• Council tenants

• Private tenants

• Living with parents

Bad credit council loans are for your urgent needs as the approvals are faster. There are certain other benefits also like multipurpose usage of loans, used for debt consolidation, reduced paperwork, easier to search through online option, no stress and anxiety related to loosing your collateral as in case of secured loans. As the loan is unsecured it comes as slightly higher rate of interest but with increasing competition among loan lender the rates are decreasing.

A typical application form for a bad credit council tenant loan consists of information such as your name, citizenship, date of birth, contact information (address and phone numbers), email id, purpose of the loan and loan amount required. By providing the mentioned details you become eligible to get the further assistance from the lender. Remember to check out terms and conditions before signing or accepting any such agreement as lot of lender include certain hidden costs in terms, which you may have to bear later.

A bad credit council tenant loan offers you to borrow amounts between ₤1000 to ₤25000 for a period of 6 months to several years depending upon the amount of loan and may vary from lender to lender. So with some hard work by studying and comparing loan quotes you can get the best deal in bad credit council tenant loans.

Get Required Money On Better Terms At Instant Tenant Loans

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Instant tenants loans provide opportunity to tenants to take loan of their requirement without worrying about the collateral. The loan can even be availed at comparatively lower interest rate if the borrower goes through its key features which the article is all about.

Instant tenant loans, unsecured tenant loans, best tenant loans UK, tenant loans, online unsecured tenant loan

Tenants have the same needs as others. But tenants, they live in some house hold, in association building or even with their parents, find loan availing a hard task as they do not own a property to take the loan against. In the absence of collateral lenders are apprehensive in offering loan to them. This, however, is not the case when tenants take route of instant tenant loans which are approved quickly. Lenders provide instant tenant loans for almost every purpose the tenants want it to be used.

There are some basics that tenants should follow before approaching the lender to get instant tenant loans. First of all look at your credit score. Your credit score is vital in taking the loan. Lack of collateral forces lenders to secure the loan through credentials of tenants. Tenants should ensure that their credit score on FICCO scale is at least in the vicinity of 720, considered good for loan offer in the scale of 300 to 850. Any credit score below 580 makes lenders suspicious. So, if you have good score, lenders will happily give you instant tenant loans.

Even if your credit score is not so good, the loan is yours. All you do is to convince the lenders that you are serious towards paying the loan. To show commitment in paying the loan you should give the lender your plan of the loan payment. If you can clear easy debts then also you impress the lenders. You should also provide proof of your steady income source and job profile. Your bank statement will also add to your creditably. After the credit check, you should decide on the loan amount.

With tenants not owning a property, instant tenants loans in most cases are taken as unsecured loans. This means tenants do not have to worry about repossession of property as their secured loan seeker counterparts do.

Usually lenders provide instant tenant loans in the range of £1,000 to £50,000. A loan beyond this range will depend on tenant’s repayment capacity, credentials and financial standing if any. Instant tenant loans are given for shorter repayment duration. Tenants do not require larger duration loan anyway as the smaller loan amount can be easily cleared.

On the interest rate front, tenants may face a slight disadvantage, but can be taken care of. Being an unsecured loan, lenders offer instant tenant loans at higher interest rate. This is because lenders have to invest in insurance of the loan to cover the risk. Still, tenants can bargain for a comparatively lower interest rate if they take advantage of growing competition in the loan market. For cheaper instant tenant loans, tenants prefer applying online. This way they get numerous loan offers to choose from. Pick up the one having lower interest rate and better terms-conditions.

Instant tenants loans serve well the purpose of giving loan of their requirement to tenants at the time they need the most. Make sure that the loan is paid off in time so that credibility remains intact.

Getting a Loan When You’re a Tenant

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It’s been easier than ever in recent years for people who own their own home to be accepted for loans and other credit. What’s the situation for tenants and others who aren’t homeowners?

loans,personal loans,tenants

Wherever we go these days we’re bombarded with offers of credit, whether loans, credit cards, remortgages – there seems to be no end to the number of companies asking us to consider applying for finance through them. It’s true that gaining credit is easier than ever before, a fact borne out by the record levels of personal debt we see revealed in survey after survey.

Whether or not you think borrowing is a good idea, a necessary evil, or to be avoided at all costs, in the modern world it’s increasingly taken for granted and many feel that easy access to credit is almost a right.

The problem for many people is that getting approved for a loan is not as easy as it might at first appear. We’ve all heard about the problems encountered by people who have a poor credit rating for whatever reason, but there are millions of other people with no bad credit history on their files who nonetheless find it more difficult to arrange a loan.

Many of the loans advertised on TV, in the press and online are aimed solely at homeowners. These kind of loans are known as secured loans and are fairly easy to be approved for as the applicant agrees to put their home up as security for the loan. Indeed, with house prices at an all-time high, lenders are positively falling over themselves to extend credit to homeowners, knowing full well that the high equity levels enjoyed by people who took a mortgage out before the latest property boom make it very unlikely that the lender won’t be able to recoup their loan somehow, even if the borrower fails to keep up with repayments.

This is of little help to people who don’t own their home though, and for these people a different kind of loan is called for : a tenant loan.

A tenant loan is a different name for an unsecured loan, or a loan which is offered without the need for collateral to back up the repayments. This lack of collateral means that the loans are more risky for the lender, which makes them more difficult to be approved for.

The first difficulty tenants face in getting a loan is that the credit checks will be more stringent, and a higher proportion of people will be rejected. If you apply for an unsecured loan from a high street bank or one of the big name lenders, the chances are you’ll need to boast a good to excellent credit record, with little or no history of missed payments, defaults, or recovery action. You’ll also need a regular income from employment, and this income will need to be large enough to satisfy the lender that you’ll have little trouble keeping up with the repayments.

Even if you satisfy these requirements, you may still find that you’re offered a loan at a higher rate than the one you saw advertised.

But what’s the outlook for tenants with less than perfect credit ratings? Are there loans available? It’s best to be realistic and say that if you’re not a homeowner and your credit rating is poor, then you’re going to struggle to get an unsecured loan. There’s still hope for tenants with a middling credit score though, and there are several companies who can help – do a search for ‘tenant loans’ on your favourite search engine and see what comes up.

The drawback in this kind of situation though is the price you’ll have to pay for the loan. The interest rate or APR will be much higher than those you see splashed around in flashy adverts, and the amount you can borrow will probably not be as high as you’ll expect either, but nevertheless if you’re in urgent need of extra funds then a tenant loan may be worth applying for so long as you’re aware of the downsides.

Guide to Finding the Right Investment Rental Property

Finding the right rental property is certainly one of the keys to succeeding with investment rental property. Below is a guide to help you get started in finding the right property that will help you to generate additional income.

First, consider whether you want to look for rental property on your own or whether you wish to use a broker to assist you in the process. There are certainly many advantages to working with a reputable broker when you are looking for investment property. In many cases, brokers may know of properties which have just come on the market and which may not have been noticed by others yet. A broker is also usually well versed about the local neighborhood, which can be important if you are not from that area.

Before you actually begin looking at prospective properties, make sure that you have gone through your finances and have them in order. Ideally, you should check your credit report several months before you plan to make a purchase in order to be certain that there are not any inaccuracies which could prevent you from obtaining a mortgage for the purchase of your investment property. Be sure to check with all three credit reporting bureaus, not just one, to get a clear picture of your credit standing. Assuring that your credit is in order can also help you to obtain a more favorable interest rate.

It is also important to do your research about the local market so that you do not overpay for the property you ultimately purchase. When you do purchase a piece of investment property, you need to make sure that the deal you strike allows sufficient room for a profit margin just in case there are times when you do not have a full occupancy.

Carefully consider both the advantages and disadvantages of purchasing a property that could be labeled as a fixer-upper. While you very well may be able to purchase the property for less money than other properties, you may very well find that you have purchased a money pit. In the event that a lot of major repairs and renovations are required, this can equate to a large investment of both time and money. In this case, it would be better to pay more for a property that requires less attention.

Before you purchase any property, take the time to have it inspected. Even if you have inspected the property on your own, you should still have a professional go over the property to be certain that the electrical wiring meets code, there is no lead in the paint and that overall, the property is safe. An inspection can sometimes turn up problems which you might not notice but which could ultimately cost thousands of pounds to correct. You will typically be required to pay for the inspection; however, it is a wise investment that could save you quite a bit of time and money.

Take the time as well to research the local real estate market and the neighborhood. Check with the local police department to find out whether the area is safe and if you will need to provide any additional security. Drop by city hall to determine whether there are any plans for the local area that could potentially lower the value of the property. Research the real estate market in the area to find out the condition of prices. If prices have gone down recently, this could be an indication that rents will also be low. On the other hand, if home prices in the area are high, this could indicate the area is in demand that you may be able to charger higher rents.

Finally, do not make the mistake of ‘settling’ for a property simply because you are in a rush to invest in rental property. This could result in an investment that will require you to spend more time and/or money than you originally planned and detract from your profit margin.

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Guide to Inexpensive Rental Property Repairs that Won’t Take a Bite out of your Budget

There are some decided differences between fixing up your own home and a property you plan to rent out. One of those differences is often your budget for repairs. If you want to make a profit on your investment property, repairs must be kept to a minimum. Since repairs are also a necessity to attracting and maintaining quality renters, it is also important to learn how to make repairs on a limited budget. The good news is that there are some repairs and improvements which can be made to your property without spending a lot of money.

First, make a point to go through the house and replace all of the older and outdated switch plates. New switch plates need not be an expensive investment. In fact, most switch plates can be replaced for just a couple of pounds each, at the most. You can easily replace all of the switch plates in a property for around £20. In some areas, you may wish to go ahead and ante up for switch plates which are slightly nicer, such as in the living room and foyer. You will pay a couple of pounds more for brass plates; however, even at around £5 each, that is still not much money to pay for an improvement that can really make your rental property stand out.

Doors are another area where you can make a big difference in your rental property without spending a ton of money. Doors are one of the first things that a prospective renter will notice so it can really be a worthy investment to make when you are trying to attract good renters. While you are changing out the doors, be sure to also consider changing out the handles as well. Older door handles can really make a place look drab. For just a few pounds, you can easily replace those old handles with brass finished models. ‘S’ handles are popular for bedroom doors and bathroom doors and only run a few pounds more.

The trim is another area where you can make a big impact for not much money. Take a good look at the trim in your rental property. If it appears worn and cracked, it could be time to replace it. You do not necessarily need to spring for crown molding throughout the entire property; however, adding it to the entryway or the living room can create a great first impression.

Another area where you might wish to focus some attention is the entryway or foyer. Keep in mind that once prospective renters step through the front door this is the first area they are going to see, so you want to make sure you make a good first impression. Tiling it can be a great way to do that. For a small foyer area measuring around 8×8 you can easily tile it for about £100.

Kitchens are one of the most important areas for most people when they view a property for rent, especially women. While it may not be practical to replace all of the cabinets, it can certainly help to paint them. Consider repainting them using a semi-gloss white paint and do not forget to replace the knobs when you are finished. Even less expensive plastic knobs can breathe new life into older kitchen cabinets.

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Guide to Protecting yourself and your Rental Property

Owning rental investment property can be a satisfying and lucrative operation; however, there are also several areas which need to be carefully heeded in order to make sure that you are not sued and do not become liable for any issues which may arise in connection with your property. Learning how to protect yourself is the first step in ensuring that your investment does not actually become a liability.

First, you must always make sure that you have adequate casualty and property insurance as well as liability insurance. These three items are not the same and it should always be remembered that property insurance will not typically protect you in the event someone becomes injured on your property.

Property and casualty insurance will cover you in the event your property suffers from losses resulting from storm, fire or some other catastrophic loss. Liability insurance is intended to protect you if you should be found to be responsible for someone else’s losses. You may also wish to consider carrying flood insurance if your property is in a community that participates in the National Flood Insurance Program. Umbrella insurance, which will provide you with additional liability insurance beyond a general liability insurance policy, is another worthy option you may consider.

You may ask yourself under what circumstances you may need liability insurance. There are many instances in which liability insurance could be helpful. For example, liability insurance could protect you in the event a tenant or an employee becomes injured on your property. Liability insurance can also protect you in the event you are sued for discrimination by tenants.

In the event you hire someone to work on your property, it is a good idea to ensure that all repairmen as well as contractors are able to provide their own certificates of insurance indicating they carry both workers’ compensation as well as liability coverage.

You should also make sure you review your insurance coverage with your insurance agent on a regular basis. Many people make the good intention of taking out adequate insurance coverage; however, they fail to review their policies and when disaster does strike sometime later they are surprised to discover that they did not have sufficient coverage after all.

It is also a good idea to make sure that you have formed good working relationships with critical professionals such as an attorney and a good tax accountant. There are many areas of renting property which are regulated by law. If you are not aware of your obligations under these housing laws, you could find yourself facing legal troubles. Therefore, it is certainly a good idea to consult an attorney to make sure you may not be breaking any fair housing laws. It can be entirely too easy to find yourself in trouble because you unknowingly violated one of these laws. Additionally, make sure you meet with a professional tax accountant at least once per year to discuss your tax obligations regarding your property and revenue.

It is also a good idea to check with your local government to determine whether you are required to have a business license in order to operate a rental property in the local area. While this was rather uncommon at one time, today more and more municipalities are enacting regulations which require a business license for each rental property.

Also, keep in mind that your property insurance policy will not cover the belongings of your renter in the event of damage. It is usually a good idea to make sure you let your tenants know this by putting it in writing. Many landlords not only encourage their tenants to obtain renter’s insurance but also require it.

Finally, take proactive steps to reduce your liability by making sure that your property is safe. Liability insurance is certainly beneficial but the best way to ensure that you steer clear of trouble is to keep your property well maintained.

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Guide to Setting Rental Rates

Setting the right rent can be one of the most difficult areas for many people who are investing in rental property. If your property rents out in no time, it could be an indication that you are not charging enough rent. On the other hand, if your property seems to take a long time to rent out, it could be a clear indication that your rent is too high. So, how do you go about setting a rental rate that is in line with the current market?

One of the best places to start is the newspaper. It is imperative that you do some local research to find out what kinds of prices are driving the local market. Location is the most important factor in determining rental rates. For example, a three bedroom, one bath home in one part of town may rent for a £750 a month while another property on the opposite side of town may only be able to draw £500 per month. Most prospective tenants look for convenience when searching for a rental property. They are either looking for a location that is near their work or close to their children’s schools. Neighborhoods that are considered to be trendy or hip can also be a driving factor, as many people like the idea of living in certain neighborhoods.

Of course, the budget of the renter will also play a role in determining how much they are willing to pay and can pay in rent. Due to the fact that most renters have needs that must be filled, especially in terms of space, it is quite common for square footage to also play a role in determining rental rates. This means that larger homes and units will typically be able to rent for rates that are higher than smaller homes and units.

When setting rental rates; however, it is also important to keep in mind that there is a certain point when rental rates can reach a cap. When interest rates are low, if rental rates rise too high, renters will quickly make the connection that it just does not make sense to rent any longer when it could be less expensive to buy a home.

Another way to make sure that you stay updated on rental rates in your local area is to join a local association for landlords. This is a great way to make sure that you keep your finger on the pulse of the local rental market. Emerging trends in the area will affect not only you but also other landlords as well. For example, if your particular area is in an economic slump or even an economic boom then this could have an effect on local rental rates. Make sure you keep track of whether there have been job losses or the creation of new jobs in your local area.

It is also important to keep in mind that basic amenities can also play a role in determining how much rent you can charge for your unit or apartment. Some of the basics expected by most prospective tenants include off-street parking, washer and dryer hookups, dishwashers, etc. If these basic amenities are not available, you may find that you need to either offer something else that would attract prospective tenants or lower your rental rate.

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Guide to Showing your Rental Property to Prospective Tenants

In order to succeed when you invest in rental properties it is necessary to show your property to potential tenants. Just as if you were selling the property, you must make sure that the property is appealing to tenants in order to rent it out and begin collecting rental income.

First, it is important to understand that curb appeal can be just as important to tenants as it would be to buyers. Prospective tenants are often put off by properties which seem to be dilapidated on the exterior. In order to attract good tenants, you need to make sure that your property is inviting and shows the care that you have put into it. Even small rental properties can create a good first impression.

Repair issues should always be addressed prior to showing a property to prospective tenants. It is never a good idea to show a property which is still in the process of being repaired or renovated. Wait until the property has been completely fixed up before showing it.

You should also make sure the property is extremely clean. There is nothing worse for making a bad impression on a prospective tenant than a filthy property. Above all, be certain that the carpeting is clean. Ideally, it is best to have the carpet professionally cleaned after one tenant departs and before you show the property to the next prospective tenant. Be sure to allow plenty of time for the carpet to dry before you actually show the property to anyone. Never put off replacing worn carpet as this can cause problems in attracting quality tenants.

Take the time to make sure you know the best points of the property before you show it. Sit down and think about the best features of the property so that you can easily refer to them when you show the property.

Before you actually show the property, take the time to stop by the property to be sure that everyone is set to make a good first impression. If the temperature outside is quite cold or hot, be sure to stop by the property to set the temperature inside the property so that it will be comfortable. Generally, most people will not wish to remain inside a property that is either quite hot or cold. If the temperature is uncomfortable, there is a good chance that most prospective tenants will not stay around long enough to see the best features of the property.

In addition, you will need to make sure that you turn on the lights before you show the property. This is particularly important if you are showing the property at night. If the property is not well lit, prospective tenants may wonder if you are trying to hide something. The few pounds you will spend on having all of the lights on during showings will often translate into a good investment as you are able to attract good quality tenants to your rental property.

Do not hesitate to show off the exterior and the grounds of the property. If there is some interesting feature outside, make sure you show it off. The key is to give prospective tenants an idea of what it is like to actually live there and that includes showing off the grounds as well.

Finally, make sure you are always prepared for all showings. When you show a property, you need to make sure that you have a rental application on hand as well as a copy of the lease you use. You also need to make sure that you have decided on terms such as security deposit amounts, pet deposits and key deposits.

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Guide to Vacation Rental Properties

While many investors who purchase rental property focus on residences intended for year-around living, there is no denying the fact that vacation rental properties can provide an excellent income revenue. Renting out vacation rental properties; however, can be much different than renting out a regular residence. There are numerous items that prospective vacation renters are looking for; so it is worth it to take the time to ensure that your property measures up.

First, always make sure that the property you consider is in a good location. Most people who consider renting property for their vacation have certain ideas regarding the geographic location that they want. The setting for the property should be relaxing and picturesque. The property should also be quite safe so that renters will know they can enjoy their vacation in peace and security.

Seriously consider a property that is family friendly. There is an extremely large market for family friendly properties which you can tap into. For a property to be family friendly, the furnishings should be able to easily accommodate children. This means that property should be sturdy and should not include a lot of easily breakable items. Ideally, the property should be in a location that will cater to families. Look for properties near pools with lifeguards as well as playgrounds.

Affordable rental prices can also be a great way to ensure that your vacation rental property is booked. A vacation rental property with a reasonable price is always attractive to vacationers because it offers them amenities with which no hotel is able to compete; including privacy, good views, a full kitchen and more space in which to relax.

In addition, take the time to make sure that the property really does feel like home. Kitchens should be well-equipped, furnishings should be comfortable and recreational equipment should be provided.

One of the main reasons that many people choose to rent a vacation home rather than stay in a hotel when they vacation is the fact that they want to enjoy plenty of space. This is especially true for families with children and extended families who vacation together. Assuring that your vacation rental property has a spacious feel to it can help to ensure that your property is attractive to those renters.

Keep in mind that it is becoming more and more popular for vacationers to combine their vacation with some other event such as a wedding or family reunion. If you want to cater to these groups, it is important to make sure that your property can easily host groups. One key feature for these types of rental properties is offering a reception room that can easily serve for different functions.

You might also wish to consider making the vacation property friendly for pets. Many owners are reluctant to do this because of the potential for property destruction. Keep in mind; however, that there is definitely a niche market for vacation rental properties that are pet-friendly. Most hotels do not provide this option, so it gives your property an advantage. If this is appealing to you, make sure the property is safely fenced. Consider installing wood floors instead of carpeting.

To make sure that your vacation property has a wide appeal, set up Internet access. Even while on vacation, most people want to make sure they have Internet access. You can do this using a DSL connection, WIFI or wireless connection.

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Haunted Houses, Dead Tenants and a Big Tummy Ache

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World renown psychic and author Jane Doherty has found herself in a very prominent position on her new reality TV show called “Dead Tenants”, which is hosted by The Learning Channel. I say it’s a prominent position because of the phenomena that separates Jane’s psychic abilities from those of other psychics.

psychic, psychic development, psychic readings, jane doherty, dead tenants, ghosts, haunted house, sightings, hauntings

World renown psychic and author Jane Doherty has found herself in a very prominent position on her new reality TV show called “Dead Tenants”, which is hosted by The Learning Channel. I say it’s a prominent position because of the phenomena that separates Jane’s psychic abilities from those of other psychics.

Whenever there are ghosts around Jane, she has an amazing physical reaction to them and handling it is no small feat either. The reaction Jane has is that her stomach area actually enlarges by as much as six inches around within seconds. And, Jane tells us that it’s extremely painful to her when this happens. If you watch Jane while this stomach expansion is happening, you’re going to hear her moaning and see her wincing … and trust me, it’s not dramatics … the woman’s in definite pain.

With regards to her expanding tummy, Jane says, “It feels like a contraction when a woman is in labor, but it doesn’t ever release me until the spirit leaves. Instead, the stomach expands as if I was nine months pregnant.” Jane actually describes it as very intense muscle cramps, where her stomach is physically gripped by the ghost, and if you watch, the belly will actually lift up. Jane continues, “Often I can tell by the grip whether it is a female, male or child spirit. It first happened to me in 1990, when I investigated my first haunted house with a researcher.”

The belly area is associated with the third charka located at the solar plexus, which is the area that dominates the gifts of telepathy, clairvoyance, clairsentience and an awareness of astral entities. It’s interesting that historically the belly area is associated with body’s core of energy sometimes called the “Chi Point” or the “Hara”, both of which translate literally to mean belly. It’s also interesting that historically, psychics felt their gift came from their gut … called “reading with the pit of the stomach” … where today, most psychics describe their gift coming from their third eye charka, between the eyes and centered in the middle of the forehead. With Jane Doherty, it seems to make good sense that the physical phenomena of Jane Doherty’s expanded stomach would be directly related to her psychic gift.

Jane’s devout belief in the power of God comes through in all that she does because she feels strongly that her psychic abilities are a God-given talent. Using her psychic abilities allows Jane to bring comfort to people whose hearts are hurting, and hope to those who need it most. And, that’s her personal goal on Dead Tenants whose families are in desperate need of help and knowledge to deal with their home’s ghosts.

The Dead Tenants TV show follows the journeys of the Preternatural Research Society (PRS) — a team of paranormal investigators — through the attics, basements, living rooms and back yards of some of the most haunted houses in the country. Coming to the aid of families experiencing very unwanted ghosts and unexplainable activity in their homes, Jane Doherty and the PRS team do their best to assist the families. The Dead Tenants show weaves the historical, scientific and psychic into a rich tapestry to help the viewer better understand the hauntings.

“There was never a question of how I would use my gift,” Jane says firmly. “I have taken every possible opportunity to help others.” Jane Doherty is the real deal, on TV and in print. Her words are like the words of her book – so compelling, you won’t be able to put it down.

Jane Doherty’s book, Awakening the Mystic Gift: The Surprising Truth About What It Means to Be Psychic, chronicles Jane’s own psychic awakening and what it truly means to be psychic. For those seeking more information on what it means to be psychic, this book is a very compelling read.

Jane Doherty is a gifted psychic and medium of international acclaim. Many refer to her as the “real deal” because of her accuracy and sincere caring nature. In fact, Hans Holzer, known best for his many books on ghosts and paranormal activities, has named Jane Doherty as “one of the top twenty psychics in the world.” A born teacher, Jane feels part of her own purpose in life is to teach others to open to their own psychic abilities, and for this reason Jane has brought her psychic teachings to an online format through the Herbal-College.com website. Here Jane has established a book club for her readers to explore more about their own psychic abilities with her personally, and Jane will also teach her multi-leveled Psychic Development courses at the Herbal-College.com website.

yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 - The Ultimate Landlord Cheat Sheet

yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 - The Ultimate Landlord Cheat Sheet

Haunted Houses, Dead Tenants and a Big Tummy Ache

786

World renown psychic and author Jane Doherty has found herself in a very prominent position on her new reality TV show called “Dead Tenants”, which is hosted by The Learning Channel. I say it’s a prominent position because of the phenomena that separates Jane’s psychic abilities from those of other psychics.

psychic, psychic development, psychic readings, jane doherty, dead tenants, ghosts, haunted house, sightings, hauntings

World renown psychic and author Jane Doherty has found herself in a very prominent position on her new reality TV show called “Dead Tenants”, which is hosted by The Learning Channel. I say it’s a prominent position because of the phenomena that separates Jane’s psychic abilities from those of other psychics.

Whenever there are ghosts around Jane, she has an amazing physical reaction to them and handling it is no small feat either. The reaction Jane has is that her stomach area actually enlarges by as much as six inches around within seconds. And, Jane tells us that it’s extremely painful to her when this happens. If you watch Jane while this stomach expansion is happening, you’re going to hear her moaning and see her wincing … and trust me, it’s not dramatics … the woman’s in definite pain.

With regards to her expanding tummy, Jane says, “It feels like a contraction when a woman is in labor, but it doesn’t ever release me until the spirit leaves. Instead, the stomach expands as if I was nine months pregnant.” Jane actually describes it as very intense muscle cramps, where her stomach is physically gripped by the ghost, and if you watch, the belly will actually lift up. Jane continues, “Often I can tell by the grip whether it is a female, male or child spirit. It first happened to me in 1990, when I investigated my first haunted house with a researcher.”

The belly area is associated with the third charka located at the solar plexus, which is the area that dominates the gifts of telepathy, clairvoyance, clairsentience and an awareness of astral entities. It’s interesting that historically the belly area is associated with body’s core of energy sometimes called the “Chi Point” or the “Hara”, both of which translate literally to mean belly. It’s also interesting that historically, psychics felt their gift came from their gut … called “reading with the pit of the stomach” … where today, most psychics describe their gift coming from their third eye charka, between the eyes and centered in the middle of the forehead. With Jane Doherty, it seems to make good sense that the physical phenomena of Jane Doherty’s expanded stomach would be directly related to her psychic gift.

Jane’s devout belief in the power of God comes through in all that she does because she feels strongly that her psychic abilities are a God-given talent. Using her psychic abilities allows Jane to bring comfort to people whose hearts are hurting, and hope to those who need it most. And, that’s her personal goal on Dead Tenants whose families are in desperate need of help and knowledge to deal with their home’s ghosts.

The Dead Tenants TV show follows the journeys of the Preternatural Research Society (PRS) — a team of paranormal investigators — through the attics, basements, living rooms and back yards of some of the most haunted houses in the country. Coming to the aid of families experiencing very unwanted ghosts and unexplainable activity in their homes, Jane Doherty and the PRS team do their best to assist the families. The Dead Tenants show weaves the historical, scientific and psychic into a rich tapestry to help the viewer better understand the hauntings.

“There was never a question of how I would use my gift,” Jane says firmly. “I have taken every possible opportunity to help others.” Jane Doherty is the real deal, on TV and in print. Her words are like the words of her book – so compelling, you won’t be able to put it down.

Jane Doherty’s book, Awakening the Mystic Gift: The Surprising Truth About What It Means to Be Psychic, chronicles Jane’s own psychic awakening and what it truly means to be psychic. For those seeking more information on what it means to be psychic, this book is a very compelling read.

Jane Doherty is a gifted psychic and medium of international acclaim. Many refer to her as the “real deal” because of her accuracy and sincere caring nature. In fact, Hans Holzer, known best for his many books on ghosts and paranormal activities, has named Jane Doherty as “one of the top twenty psychics in the world.” A born teacher, Jane feels part of her own purpose in life is to teach others to open to their own psychic abilities, and for this reason Jane has brought her psychic teachings to an online format through the Herbal-College.com website. Here Jane has established a book club for her readers to explore more about their own psychic abilities with her personally, and Jane will also teach her multi-leveled Psychic Development courses at the Herbal-College.com website.

Hiring the Right Property Manager for Your Rental / Income Property

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Landlording is much easier when you have a good property manager, and we’ve provided you with all the things you’ll need to ask managers to make sure they are right for you.

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I’m often asked what to look for when picking a property manager. Its a great question, and I’ll try to cover a few important points. Although they can sometimes be expensive, they can also save you from many headaches that go along with being a landlord. I’m going to ask more questions then I’ll answer, but these are questions you’ll want to keep in mind when interviewing managers.

1 – Cost: Managers generally charge a monthly fee to watch and maintain your property. Those fees can range from as low as 5% or so, to upwards of 20%. Obviously, you should look for a company that charges less and provides more services.

2 – Communication: For me, communication with a manager is of the utmost importance. I need someone who uses email, and is responsive to both the telephone and email. If I don’t get a response back in a timely manner, it is time to walk. In addition, you need someone who can deal with you and your idiosynchricies. Some of us are needier then others. You want to let companies know up front where you stand, and make sure they’re willing to be flexible for you.

3 – Termination of your Agreement: In the event that your “relationship” does not work out, you want to know up front what exactly it will take to terminate your agreement. Is there a charge for breaking your contract? Penalties?

4 – Repairs and Maintenance: Does the company have their own maintenance crew, or do they contract out to a handyman? How much do they bill out at? Can they handle all kinds of repairs? What happens if they can’t do something? Do they have other contractors that they work with?

In addition, you probably want to have a maximum that the company can spend without contacting you. Generally, I will allow my managers to do what they need to as long as it is for something under £100. I must confirm any expenses over that.

If you are a bit more of a control person, you can also request invoices/reciepts for expenses.

5 – Monthly Statements: Does the company send out monthly or quarterly statements. I wouldn’t deal with anyone that does not provide monthly income/expense statements.

6 – Evictions: How does the company handle evictions? What are the costs to evict?

7 – Yard Work: How much do they bill yard work out at? Landscaping? Do they handle snow removal? Mow lawns? How much does each cost?

8 – Reserves: What kind of reserve does the company require? The reserves are used in case anything comes up. Most managers will require a certain amount.

9 – Accounting: When will the manager mail your check to you? Beginning of the month? State laws usually dictate accounting rules for managers, but you wo want to know all of this up front. Tenant Deposits: How do they handle deposits? Are they comingled, or simply put together with all other income for your account?

10 – Vacancies: I’ve actually interviewed companies that will charge you 1/2 a month’s rent to fill vacancies in your property. I quickly ended my interview with these people. There is no reason to pay this fee, since many managers don’t need to charge it. You will need to fill your vacancies, so you will need some advertising done . . .

11 – Advertising: Where do they advertise properties? Are for rent signs put on the property’s lawn? Do they advertise in the paper? Online? There are quite a few effective places to advertise properties for free, online. Do they use these? In addition, you want your property advertised effectively. Do they have the basic HTML skills to add images to their for rent ads online? This makes a huge difference, trust me.

12 – Section 8: Do they have experience dealing with section 8 properties / tenants? Do they know what is entailed with such properties?

I also like to know how many properties they manage, how many managers work at the company, what specific areas they focus on, how long they have been in the business, and other questions about their experience. This should be a good start to get you going.

If there is anything else you want to know about finding a property manager, visit the Rental Property Questions & Landlording Issues Discussion Thread at BiggerPockets.com Real Estate Investing Communityhttp://www.biggerpockets.com

Home Insurance Tips For Tenants

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Until recently, finding home insurance if you are a tenant was extremely hard and even if you did find it you were expected to pay way over the odds for it. However, with the rise in the number of people choosing to rent rather than buy, home insurance for the tenant is now much easier to find and also fairer.

Certain companies have taken to specialising in insurance for those who rent and it can be a worthwhile investment when renting. Taking out a policy can insure you f…

buildings and content insurance, home insurance, household insurance

Until recently, finding home insurance if you are a tenant was extremely hard and even if you did find it you were expected to pay way over the odds for it. However, with the rise in the number of people choosing to rent rather than buy, home insurance for the tenant is now much easier to find and also fairer.

Certain companies have taken to specialising in insurance for those who rent and it can be a worthwhile investment when renting. Taking out a policy can insure you for the deposit you paid the landlord and also for any unforeseen events which could occur while you are a tenant.

It is imperative to shop around when looking for insurance and go to a specialist in tenant policies. If you don’t, then while you could get insurance, you may find yourself paying way over the odds. The area in which you are renting will be taken into account when taking out a policy so be sure to ask that your area is covered.

All companies will ask you how much you need to be insured for and when asked this you should remember that it is the contents of the home, not the property itself, that you will want to insure. So when taking this into account, tot up the value of everything in your home and don’t overlook anything.

Other considerations you should take into account when purchasing tenant insurance is for items such as the contents of your freezer. Expensive items like digital cameras, bicycles and a laptop computer should also be thought about.

However these might not be included in a standard tenant’s policy so you should enquire as to exactly what and what is not covered in the policy. However if you are taking such items as a laptop computer out of the home this will require separate cover if stolen while off the property.

Usually a standard tenant’s policy will insure your possessions between £3,000 and £40,000. Up to 6 people living in one apartment will be covered under the same policy and coverage for items that are left in outbuildings and garages will usually be included in the premium, provided it can be proved reasonable force was used if they are stolen.

Home Is Not The Must For Getting Bad Credit Tenant Loans UK

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Bad credit tenant loans UK caters to your personal needs by appropriate financing. These loans are for people with bad credit tag attached to them and who do not have any home or property to offer as a collateral to the lender……

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UK residents most of the time faces the problem of bad credit, the reason being their inability to compete with the increasing cost of living. People often go for huge loan amounts to increase their status and standard of living. While doing this they forget that they themselves have to repay the loan afterwards. When they fail to do, they get the tag of bad credit attached to them. If all this is not enough, lack of collateral makes the condition worst. Bad credit tenant loans can help you out of such condition.

Planning for getting a bad credit tenant loan in UK starts at home. Firstly you are required to determine the purpose of loan and the amount of loan you are looking for. For that you need to calculate how much funds you are having with your own to contribute and how much you require from outside. Then you need to know how much are you capable of paying every month out of your pocket as repayment installments. Never borrow amounts which you can’t repay or you will fall in trap of debts.

Second step is to go out in the market to search for lenders. This step is most important step as it can save you from repaying loan amount at higher interest rates. You can visit various lenders offices in the market. It may sound a fatiguing job but it will surely pay you in the end. Beware of loan sharks in the market as they will try to attract you with their glittering offers but they may be fraud. Always go for a reputed lender. Take the help of internet to find a genuine lender with best interest rate and terms and conditions.

Thirdly is to apply for bad credit tenant loan. You are required to fill in the application forms with required information. The form consists of following details:

• Your name

• Address and contact information (mobile numbers, home telephone number)

• Email Id’s for communication between borrower and the lender.

• Date of birth

• Citizenship (are you a UK resident or not)

• Loan amount required

• Purpose of the loan (lender may or may not ask depending upon his policy)

After filling in these details you can submit your application form but don’t forget to read in the policy and conditions of the lender as it may have certain hidden terms which may cost you later.

Bad credit tenants loan UK can be used for any of your personal needs like education, wedding, health expenses, buying property etc. Its multi usage is making them popular among the tenants in UK facing the trouble of bad credit.

Houston Rental Apartments

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Houston apartments is one of the leading rental apartment finders in Houston and Tecas area. Find all new and best located apartments for rent in Houston and Texas area. Visit on houstonapartmentfinder.com to know more about Houston and Texas.

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The city of Houston in the State of Texas is the fourth largest city and one of the most bustling in the United States. With several apartments sprawled across its length, Houston is a prime location for people looking forward to settle down in a cozy dwelling with all the facilities that they wanted. Finding Houston apartments for rent is not a big hassle if the person knows where to look for one. There are several apartment finders operating in every area of the city, which provide one with all the details of the available apartments, such as the facilities, rent, etc. Houston apartments for rent generally provide settlers with the most modern and necessary facilities and amenities. House security is an important issue and the apartments are frequently packed with state-of-the-art security systems to ensure safety for the dwellers. Most of the apartments in the area are equipped with a swimming pool, and some of them even provide pool lifeguards in case of any trouble. Besides these, Houston apartments for rent provide other services as well, such as fitness and health clubs, shopping centers, proper parking places, meeting and convention centers, laundry services, sports grounds, etc.

For the convenience of people looking for apartments in Houston, several apartment finders operate in the area. These apartment finders provide people with the option to search for the apartment of their choice. www.houstonapartmentfinder.com is one of those many apartment finders in the area that offers quality service and has proven itself a cut above the rest through it. Houston Apartment Finder is free service providing organization that employs highly experienced staff with thorough knowledge of the area and its apartments. The organization is equipped with fully computerized profiles of numerous apartments on its huge database that takes away the hassle of apartment hunting from people looking for apartments. Houston Apartment Finder is compensated by the Houston apartments, which is why it provides free service to its customers and arranges apartments at the best rent. With convenient options on their website for people to search for apartments, Houston Apartment Finder emerges as a popular choice making it better than most of the other apartment finder online.

How to Ensure Tenants Look after Your Property

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Measures to reduce risk concerns that will guarantee the well-being of your rental property.

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The most troublesome aspect of being a landlord is tenants who damage your property, from complete trashing to total destruction, and even worse. There are plenty of horror stories around about what tenants can to a rental.

And, if you think finding a good tenant depends on luck, you couldn’t be more wrong, or else why don’t you work to ensure luck favours you, at least, in relation to the right choice of tenant. That means taking the following measures to reduce risk concerns that will guarantee the well-being of your rental property.

First, adopt Tenant Screening, which is the magic mantra of all successful, savvy landlords. How many landlords can confirm they carry out a complete tenant screening exercise, when looking for prospective tenants? Not many if gauged from the horror stories that float around about property damage! To get a good tenant, a landlord must be thoroughly professional about the entire tenant screening process, and verifying past landlord references is an essential part of every standard screening process. Call them and question them about prospective tenants.

Second, as an important part of the screening process, visit or at the very least, drive by the property the tenant intends to vacate, in order to assess its physical condition. The odds are your prospective tenant will treat your property in the same manner he / she treats their current rental home.

Third, photograph and videotape as in before and after advertisements, in the presence of the tenant after he / she has finished signing the lease. This evidence will ensure tenants look after your property as if it were their own. After all, if taken to court, the before and after evidence ensures law is on your side, no matter what argument the defendant might put up.

Fourth, before handing over your property prepare a complete Property Condition Report documenting the state of your property. Go over it with the tenant and once he / she has signed the inventory and condition checklist, he / she is on record, and you have another legal document, in addition to the lease.

Fifthly, before handing over possession, take a substantial sum as security deposit including the first month’s rent. With so much at stake, the tenant will ensure he / she looks after your property well.

As long as you follow the above steps, you will be able to find a responsible tenant to take good care of your property.

I was a landlord for a decade, and I believe I probably lost a year of life for each year I tried to maintain 26 properties. I learned the hard way that the most efficient way to make money in investment real estate is to create a mortgage note and be the bank – not the landlord.

In other words, you become a private bank, financing the entire sale or part of the sale for the buyer. When you finance a sale of property, be sure to get a high rate of interest – generally 9% to 15%, depending on all of the other terms. For this article, let’s assume you sell to someone who can’t come up with all of a £20,000 down payment, so you finance £15,000 of the loan. The note should be due in five to 10 years, meaning the buyer will likely sell or refinance his mortgage within that period, and you’ll be paid in full.

Here’s how financing a portion of a mortgage can be extremely profitable and far less work than being a landlord, who is responsible for property maintenance. Let’s assume you charge 11% on your £15,000 loan, amortized over 30 years (this makes for an easier payment and a more attractive deal for the buyer, even though you’re receiving a very high rate of interest on the loan). The payment is £142.85, which includes principal and interest.
Now, you could make it even more attractive for you by writing the note with monthly payments of interest-only at 11%.

This saves the buyer even more, as his payment becomes £137.50, but this does not amortize, or reduce, the £15,000 he owes you. Let’s assume the note is due in 60 months. You get £8,250 during this five-year period, and in the 61st month, you get the entire £15,000 that you originally loaned. As you can see, this is a very powerful investment, as you loaned £15,000 but you received a total of £23,250.

One final point. Maybe you are three years into receiving your £137.50 (meaning you’ve collected £4,950 in payments). Now, you decide you need a large sum of money for something – say, a vacation, home improvement, college tuition, or some other investment. You are still owed two years worth of payments at £137.50, or £3,300, and the balloon payment of £15,000. You have several great options, because you have the power of controlling a lot of money.

You can actually sell your entire note at a discount to a note investor. That’s right, there are people and companies all over the world that purchase mortgage notes (the actual payments that are due on a real estate transaction). The note you have, even though there are only two years left, would be highly attractive to an investor, because the payments are interest-only and because there is a £15,000 balloon payment due in 24 months.

Now, remember, note investors are out to make money, so they won’t offer you full price. They will either buy your remaining payments, probably for a discount of 10% to 20%, or they might purchase just the balloon payment, at the same discount, leaving you the remaining payments, or they might buy both the payments and the balloon.

So, assume you need £11,000. If you could get an investor to purchase your remaining payments and your £15,000 balloon for £12,500, I would think you’d be extremely satisfied. Remember, you’ve already made nearly £5,000 on your loan, so you’d wind up making nearly £17,000, and you don’t have to worry about collecting the payments any longer. Plus, you will get the “hot” cash that you require immediately. As you can see, financing part of the sale of a piece of property is an extremely solid investment.

These examples are just a few of the many ways to own mortgages, not property, and get rich without the headache of being a landlord. If investing in real estate notes is something you would like to try, you might want to consider starting small, like with a mobile home note. These can be very inexpensive to buy but are extremely profitable.

Mark Barnes is the author of the new novel, The League, the first work of fiction, based on fantasy football. He is also an investment real estate and home loan finance expert. Learn more about his suspense thriller at http://www.sportsnovels.com Get his free mortgage finance course at http://www.winningthemortgagegame.com

Investment Property – Leveraging Rental Property Equity

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Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties.

rental property, investment property, taxes

Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties.

Unfortunately, few investment property owners learn how to leverage equity in a way that maximizes tax deductions while creating and locking in equity gains. Instead, they leave themselves open to price fluctuations in the residential property market. These fluctuations can wipe out or severely reduce equity positions in property.

Housing Boom To End?

There is little doubt we are coming to the end of a huge boom market in residential properties. For the last four years, properties have appreciated at unheard of rates. The question, of course, is what happens when the market cools off? Will we simply see a price plateau or an actual drop in prices? While nobody is sure, the clear consensus is property owners should move to preserve equity while they can.

Protecting Equity Gains

Protecting equity gains in your investment property requires careful planning. This leveraging strategy is fairly simple, but can sound complex. Please keep in mind this is just an introduction to the investment property tax strategy. You will need to contact us to learn more.

The investment property tax strategy protects your equity gains by separating and leveraging them. The leveraging process is best explained with an example.

Scenario 1 – Without Tax Strategy

Assume you purchased a rental property in 1999 for £250,000 with nothing down. As of July 2005, the combination of loan payments and appreciation has resulted in a gain of £250,000. You have amassed wealth, but all of it is at risk. If prices drop twenty percent over the next year, you will lose £100,000 of your equity in the rental property.

Scenario 2 – With Tax Strategy

We are going to use the same exact scenario. It is July 2005, you have £250,000 in rental property equity, but all of it is risk. You decide to implement the investment property tax strategy and the following occurs.

Our goal is to protect the £250,000 in gain on the rental property while also maximizing tax reductions. The first step is to refinance the property with, typically, an interest only loan. A percentage of the equity gain is taken out of the property and placed into an equity index insurance product. The equity percentage is arrived at by determining the payment amount you can afford on the loan. Typically, it is tailored to match your current loan payment amount.

Going back to our scenario, what happens if property prices pull back 20% over the next year? You do not suffer the loss of £100,000 because the gain is sitting in your equity index insurance product. Essentially, it is a wash and you have protected the capital gains while capturing a stock market-based rate of return.

Ah, but it gets better.

Equity Index Insurance

The investment grade insurance product isn’t just any policy. Instead, the policy we use is tied to a stock market index. What if the stock market suffers a loss? Not to worry, this policy carries a guarantee that you will never lose a dollar, even if the market crashes. If the stock market did crash, the policy would simply credit you with nominal growth for the year in question. In all other years, the policy would grow with the stock market. On top of all of this, the money in the insurance product grows tax-free.

So, what has been accomplished? First, you have protected your rental property equity gains from home price fluctuations. Second, you have leveraged your equity into two growth channels, the stock market and appreciating house prices. Third, you have converted taxable growth [property appreciation] into tax-free growth [insurance].

With housing markets ready to cool down, this strategy effectively locks in your profits. Preserving equity gains should be a primary goal of any investment property owner.

It Does Not Get Better Than This – Unsecured Tenant Loan

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Tenancy is a tough situation to be in. However, efforts are being made to reduce the burden on the tenants. A step in that similar direction is to make loans like unsecured tenant loans available to tenants at reasonable terms.

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More than secured loan, it is unsecured loan that is the popular choice of the loan borrowing public all over the world. UK is not different in that regard, with most of the people looking to go in for the unsecured loans, rather than the secured ones. A possible reason for that could be that most of the people are tenants and they would prefer to have a risk free unsecured loan than a secured loan.

Another variant of unsecured loans is unsecured tenant loan.

Unsecured tenant loan aims to serve all the tenants, who are putting up in UK, by its various features. The features of the unsecured tenant loans available to all the borrowers are:

•Unsecured tenant loans are the type of loans where the borrower of the loan does not have to provide any collateral to the lenders of the loan. This feature enables many people to apply for the loan and utilize the loan, as they want to.

•The unsecured tenant loan is available for a variety of reasons. This allows the tenants to use the loan for their specific purposes. Some purposes for which the loans are normally taken are for business development, for debt consolidation, for wedding purposes or for educational reasons.

•Almost any one who is a tenant can apply for the unsecured tenant loan. It can be a person with a good credit history or a bad credit history. Once the criteria are met everyone has equal rights to apply for the unsecured tenant loan.

These features also generate a few benefits which the borrowers can enjoy with unsecured tenant loan.

•The loans are available at low interest rates.
•There is an option of taking a loan up to £25000.
•Borrowers can also negotiate their monthly installments and choose the repayment period.
•Keeping the security of the data in mind the loan can be applied on line as well.

People with bad credit history can also improve on their previous credit score by following the guidelines given by the lender.

With these benefits and many others, it is not that hard to imagine as to why the unsecured tenant loans have proven to be such a hit among the borrowers.

The last part of any deal is the submission of the application for the reason. Unsecured tenant loans follow the same pattern and the borrowers just need to apply to any lender who can supply them with the loan. If the criterion matches, the loan will be approved in a few days.

Kitchen Remodeling For Your Tenants

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When it comes to kitchen remodeling, we often associate kitchen remodeling with homeowners. This is because as a homeowner, you have the right to decide whether or not you want your kitchen to be remodeled.

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When it comes to kitchen remodeling, we often associate kitchen remodeling with homeowners. This is because as a homeowner, you have the right to decide whether or not you want your kitchen to be remodeled. If you are a tenant, otherwise known as an apartment renter, you may not have this same freedom; however, that doesn’t necessarily mean that you can’t get your wish.

If you are renting an apartment and you would like to have your kitchen remodeled, you will need to speak to your landlord. Since it would likely be your landlord’s responsibility to pay for the remodeling, you will need to have a good reason as to why you are requesting that your kitchen be remodeled. Chances are that not liking the way that it looks will not be a good enough reason. One reason that may be good enough is if your kitchen is in poor shape. For instance, if your cupboard doors are not working, if the lights are not as bright as they should be, or if your kitchen floor has broken tiles, your landlord may be more willing to do a little bit of remodeling. While the remodeling may not be a huge project, it just may be enough to get you what you wanted.

As previously mentioned, your landlord will likely be the one who will pay for the kitchen remodeling, if it does occur, at least, he or she should be the one who pays for it. In fact, you are advised against paying for any kitchen remodeling yourself. The only exception may be if you are involved in a rent to own contract, but, otherwise, just say no. Unfortunately, you may find that no isn’t always enough. There are a number of landlords out there who will try and take advantage of their tenants, by making them pay for their own repairs or remodeling. Since you do not own the apartment that you are renting, you will not want to pay for the repairs yourself. There is no good in letting your landlord benefit from your hard work and hard earned money.

Although you are advised not to pay for the kitchen repairs or remodeling yourself, you may want to do them; however, you shouldn’t have to do them for free. If you have some home improvement experience, it may be a good idea to suggest to your landlord that you do the repairs, for a small fee. In fact, you may even want to ask your landlord to deduct the money from your rent. Of course, you will want your landlord to buy all of the supplies and tools that are needed for kitchen remodeling, but you could all benefit from you doing the repairs yourself. You should get a deduction in rent and your landlord should be able to save him or herself some money.

If you would like to have your apartment or rented home’s kitchen remodeled, you should ask. The worst that could happen is that your landlord would say no. However, with the possibility of an increased building value and discounted labor, if you do the remodeling yourself, there is a good chance that your landlord may okay a kitchen remodeling project. Even if you do not plan on spending the rest of your life in that apartment, you could easily enjoy your newly remodeled kitchen for as long as it lasts.

Lancaster Cebu Investors Yield 8% ROI on Condotel Rentals

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Philippine Apartment Condotel Lancaster Cebu Opens Doors to Guests and presents yields to preconstruction investors of 8% ROI on their investments in the first 4 months of operations

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Lancaster Cebu Resort Residences [LCRR] in Mactan, Cebu, is a boutique Brand Name Condotel Investment of Pacific Concord Properties Inc, and now ready to accept guests in the Condo Hotel. Under the management of Lancaster Hotels, Land and Properties, Inc. [LHLPI] rental operations of LCRR were soft launched March 2007.

Beth Collingz, International Marketing Director of PLC Global an internet based sales and marketing company and lead marketing partners with Pacific Concord Properties, Inc., for the Lancaster Brand of Condotels in the Philippines, said the original or early bird Lancaster Cebu preconstruction investors whom purchased at our pre-launch purchase price are now earning upwards of 8% ROI on their investments in the first 3 months of operations and have seen a 45% appreciation in their real estate investment over the past 2 years.

These are not bad figures for a start up project enthused Collingz which is why the company is expanding its operations in Lancaster Cebu over the next 6 months with the acquisition and completion of another 30 suites immediately and 120 over 12 months to mid 2008.

This follows the recent announcement the company has acquired, by purchase, additional units in its Lancaster Cebu Condotel adding another 75M pesos to its project inventory and expansion program. This brings the number of properties held or under contract in the development and condotel rental pool to 75 suites with another 120 units to be added before year end for Condo Hotel rental operations.

Property is all about LOCATION said Collingz. Mactan and Lancaster Cebu, provides one with both the laid back pace of provincial living, as well as prerequisites of the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are all found on the island itself with no doubt contribute to the success of the launch of rental operations.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel a preferred accommodation choice of businessmen and holiday travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis. We currently have Fully Furnished Executive Studio Suite and Two-Bedroom Suites available at Lancaster Cebu Resort Residences at Pre-Increase Prices that will be Ready For Occupancy from November 2007 at the current price said Collingz.

For the soft launch running through to December 2007, LHLPI has prepared special promotional room rates aimed at budget travelers. Guests can check-in to any of the executive studio suites for as low as £35 a night or to any of the two-bedroom loft rooms at £65 a night plus 13% Government Tax whilst longer term discounted rates for monthly and yearly lease rentals are also available said Collingz.

For those clients looking for investments in the Philippines, Lancaster Cebu also offers Studio Suites for sale.

US based investors at Lancaster Cebu can take advantage of their 401K or IRA allotments whilst UK clients can avail of retirement tax incentives for the purchase of condo units under their Self Invested Pension Program [SIPP].

With the expansion of the current rental operations we expect occupancy rates to increase to some 80% and rental returns to reach the 10-12% ROI level early 2008 based upon the current promo rates. Of course as rentals increase with inflation and the with the Holidays fast approaching, these figures could be significantly improved. Not only that, current real estate appreciation is also a factor running at some 15% per annum in Cebu said Collingz.

Whilst some renovation works are still ongoing within the complex, unit rentals are still available to guests at ‘Special Promo Rates’. Cebu City is the acknowledged gateway and Queen City of the South. Cebu is the most important trading and commercial hub outside of Metro Manila. Mactan Cebu International Airport assures the arrival of a steady stream of international flights from Amsterdam, Frankfurt, Singapore, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. There are also chartered flights from Incheon, Taipei, Kansai, Nagoya and Kiaoshung that arrive on a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities

Every real estate investor dealing in rental homes has done his own clean-up and fix-up, at least in the early years. Landlords also become very skilled at managing tenants after being burned a few times.

You learn the tricks of the trade and how to get the best results for the least cost. Maybe a few of these tips will be new to you.

You can give kitchen cabinets new life with a liberal application of Liquid Gold.

Everyone has at least one chip or scratch in the porcelain on their refrigerator, bathtub, stove (except high heat surfaces), sink, washer or dryer. The solution? Touch up that nick with a tough porcelain glaze called “Porcelain Chip Repair”. Just dab it on with the built in brush and it hardens in 24 hours. If your hardware store does not carry it you can find it with a Google search.

You can quickly clean black scuff marks from vinyl floor covering with a squirt of WD 40 lubricant and a rub with a clean cloth.

Put a shiny new strainer in the sink drain. Then install new handles and drawer pulls and you often have a minor kitchen miracle.

Get rid of globs of sticky adhesive residue with Goo Gone.

When tenants move out they seldom do a really good cleaning job on the oven… or the dishwasher.

I’m sure you have discovered the many effective oven cleaners, but how about that gunk caked onto the inside of the dishwasher?

Try a product called “Dishwasher Magic”… found in many markets and some hardware stores.

The label reads “Removes Lime Scale, Rust & Buildup. Disinfectant”.

You just remove the cap… place the blue, plastic bottle upside down inside the silverware basket and turn the machine on. You might have to use two bottles if your first look into the washer causes you to run screaming from the house.

When vinyl flooring is ready to be replaced use commercial grade floor tile instead. It lasts almost forever and it is cheap to replace a damaged tile now and then.

Have you ever received an unsigned rent check? Here’s a method that often allows you to deposit that check.

Write or type the word “over” on the line where the signature would normally appear. On the back of the check type “lack of signature guaranteed”. Add your company’s name, and your name and title. Then you sign it on the back.

This guarantees your bank that you will take back the check as a charge against your account if is isn’t honored. Many banks will then process the check and remit the funds. This saves you the trouble of returning the check to your renter for a signature.

Spot those bad checks with this tips. 90% of bad checks are numbered 101 to 150, indicating a new account.

Legitimate checks have at least one perforated edge. Most forgeries are cutouts of copy machine created fakes.

Checks dated more than six months ago are usually not cashable, no matter how much money the issuer has in his/her account.

If the amounts written on a check in words is different from he amount written in numbers, the bank will pay the sum shown in words.

If you receive a check with the date missing, it’s legal to fill in a date reasonably close to the date you receive it. To predate or postdate the check by several weeks is a criminal act… don’t do it.

Remember, landlording is not for sissies. I hope these tips will save you a few pounds and a barrel full of aggravation.

About the Author – Mark Walters is an investor and author. His published works can be found at http://www.CashFlowInstitute.com

Landlord’s Corner – Apartment lease agreement Late fees in Ohio

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There are two lines of cases in Ohio which deal with whether courts will enforce lease provisions allowing a landlord to charge tenants for late fees. These lines of cases come to slightly different conclusions, but the bottom line is that landlords need to be very careful in charging tenants for late fees.

A. Limits As To Amounts

There are two lines of cases in Ohio which deal with whether courts will enforce lease provisions allowing a landlord to charge tenants for late fees. These lines of cases come to slightly different conclusions, but the bottom line is that landlords need to be very careful in charging tenants for late fees.

The first line of cases comes to us from the Eighth Appellate District. In the case of Siara Management v. Nedley, 1992 Ohio App. LEXIS 5265 (Oct. 15, 1992) Cuyahoga App. No. 61433, unreported, the lease called for the tenant to pay £30.00 in late fees if he was late five days, and £70.00 more if he were late ten days. The landlord tried to charge these amounts to the tenant and litigation ensued.

The Eighth Appellate District held that there is distinction between liquidated damages (allowable) and penalty clauses (not allowable) and that the court would use a three part test to distinguish between the two. Late fees would be allowable as liquidated damages if they were designed to compensate the landlord for damages which were:

(1) uncertain as to amount and difficult of proof, (2) the contract as a whole is not so manifestly unconscionable, unreasonable, and disproportionate in amount as to justify the conclusion that it does not express the true intention of the parties, and if (3) the contract is consistent with the conclusion that it was the intention of the parties that damages in the amount stated should follow the breach thereof.

In Nedley, the landlord did not make it past the first hurdle of the test. All that the landlord argued in court was that the late payment by tenants led to late payment charges assessed to the landlord by his creditors. The Court reasoned that “Any party due money could claim that the resultant decrease in cash flow might result in late charges against it. That is unduly speculative.” Had the landlord come to the court with evidence that the tenant’s late payment had caused him to incur damages in specific amounts, then those specific amounts might have been recoverable.

The Eighth District Court of Appeals also came to a similar conclusion in 200 W. Apartments v. Foreman, 1994 Ohio App. LEXIS 4081 (September 15, 1994), Cuyahoga Co. App. No. 66107 regarding a late fee of only £2.00 per day. In that case the court also found it significant that the landlord had shown no proof of its actual damages.

However, another of Ohio’s appellate district treated the matter very differently. In the case of Calabria v. Green, 1995 Ohio App. LEXIS 3903 (September 8, 1995), Trumbull Co. App. No. 95-T-5181, the Eleventh Appellate District Court held that while late charges of £10.00 per day (for 38 days) was not enforceable, “an agreed upon, one-time late fee, that is reasonable in proportion to the rental rate, and that has a rationale basis supporting the imposition of the charge, is proper.”

The Eleventh District Court of Appeals again came to the same conclusion in the case of Wadsworth v. Starcher, 1998 Ohio App. LEXIS 2909 (June 26, 1998) Trumbull Co. App. No. 97-A-0054. In Wadsworth, the Court agreed with the trial court that £5.00 per day in late charges over 92 days was not enforceable, and that the trial court’s reduction of the late fees to £100.00 was proper.

It is clear that “parties to a lease agreement can agree to anything they wish within the limits of the law.” Village Station Assoc. v. Geauga Co. (1992), 84 Ohio App.3d 448 at 451. The real question is: what are “the limits of the law”? R.C. 5321.14 prohibits parties to a lease from agreeing on illegal or unconscionable terms.

B. No Late Fees Under Oral Contracts

Where there is only an oral contract between the landlord and the tenant, at least one Ohio Court has held that no late fees can be assessed. Neubauer v. Patzkowsky, 1992 Ohio App. LEXIS 2919 (June 2, 1992) Franklin Co. App. No. 91AP-1236.

C. Waiver of Late Fees

Some landlords will try to collect late fees which have piled up over months and months. In the case of Habegger v. Paul, 2004 Ohio App. LEXIS 1971 (April 30, 2004) Wood Co. App. No. WD-03-038, a landlord sued the tenant for late fees which accumulated over a 14 month period. The Sixth District Court of Appeals held that the landlord waived his right to collect the late fees upon eviction by continuing to accept the tenants’ rent payments and not pursuing eviction until approximately 14 months after the first late payment. The Court reasoned that:

A party may voluntarily relinquish a known right through words or by conduct. State ex rel. Ford v. Cleveland Bd. Of Edn. (1943), 141 Ohio St. 124. In Galaxy Development Ltd. Partnership v. Quadax, Inc., 2000 Ohio App. LEXIS 4651 (October 5, 2000) Cuyahoga Co. App. No. 76769, the Eighth District Court of Appeals found that the landlord waived its right to collect holdover rent from the tenant by continuing to accept the original rental payments after expiration of the lease. The Galaxy court cited Finkbeiner v. Lutz (1975), 44 Ohio App.2d 223, wherein lessees failed to make timely payments of rent on numerous occasions and lessors accepted the late payments. The Finkbeiner court held that the failure of the lessors to make timely objection to the late payment of rent amounted to a waiver.

Courts in Ohio will not allow a landlord to collect late fees which have piled up over a significant period of time.

D. Dangers for the Landlord

Where a landlord can get into trouble with late fees is in a dispute over a security deposit. Let’s say the landlord has collected a security deposit in the amount of £500.00. The tenant leaves at the end of the lease term. The landlord finds £300.00 in damages at the apartment and also assesses £250.00 in late fees. Perhaps the landlord cannot show the court actual damages in the specific amount of £250.00. Maybe there was only an oral agreement between the landlord or the tenant. Perhaps the £250.00 in fees resulted from the landlord’s practice of letting the late fees pile up over time.

If any of these are the case, there is a good chance that even in the more landlord sympathetic appellate districts, the landlord will only be allowed to charge the tenant a greatly reduced amount if the facts fit the first example, and perhaps nothing at all if the facts fit the second or third examples.

This will leave £100.00 or more that should have been returned to the tenant, entitling the tenant to double damages and attorneys fees under Ohio Revised Code Section 5321.16. While double damages in the amount of £200.00 might not be all that big of a deal, wait until you get to the mandatory hearing on reasonable attorneys fees. Now we’re talking real money.

If you are trying to evict a problem tenant and your only basis is a failure to pay late fees, then the arguments above may have a bearing upon the issue of who has the right to possession when you get to the F.E.D. hearing. If a tenant can show the court that he stood ready at all times to pay the late fees, but that the landlord was holding out for an unreasonable amount, or if the tenant can show that he and the landlord engaged in a pattern of conduct of acceptance of late payments without protest, this could defeat the eviction action.

E. Lessons to Be Learned

One of the lessons to be learned from all of this is that late fees are something of a minefield when it comes to using them to reduce the amount of the security deposit returned to a tenant. The same is true when we are talking about evictions based upon a failure of the tenant to pay late fees.

Landlords should be aware of the problems that may arise when late fees are argued. Informing your attorney of your past practices with regard to late fees can save you both a lot of embarrassment, and perhaps allow the attorney to alter course in his arguments to get around potential hurdles.

Landlords! Screen Your Tenants!

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The most powerful weapon of the wise landlord is a background check. A background check of many types can be supplied by a number of firms which specialize in collecting the information which paint a valid picture of a person’s background, most specifically their
criminal background.

job, jobs, background, background data, background check, security, employee, tenant, landlord, employees, apply, ensurance, secure,

If you are a landlord, you know how lucrative and exciting it can be to collect rent. If you are experienced, then you already know that the greatest assets to a landlord are great tenants who always pay on time. The opposite is also true. A landlords life can be greatly complicated and can quickly spiral out of control if they are not careful about whom they are renting their building to. There are a few key reasons and tips that every landlord can benefit from when finding out exactly whom they are renting to.

The most powerful weapon of the wise landlord is a background check. A background check of many types can be supplied by a number of firms which specialize in collecting the information which paint a valid picture of a person’s background, most specifically their
criminal background.

As a landlord, it is important from the business perspective that you know exactly whom you are entrusting your building with. A horrible tenant can lead to damage of any type, as well as lost profits. The landlord is also responsible from a moral perspective to make sure the person he is making the neighbor of his other tenants isn’t a predator. Criminals of all types exist, and there is no guarantee the person who is applying to rent your building isn’t a registered sex offender. It is pertinent that you protect your other tenants and society at large by not exposing people under your care to unnecessary risks, like those associated with allowing a known child abuser to move in beside a family with children.

Along with criminal background checks, there are other screening methods that should be employed by the shrewd landlord. One type of screening of particular relevance is screening for people who have bad credit or have a history of moving out before paying their rent. These bits of information can be gleaned from credit and social security checks. Screening to exclude high risk tenants will pay significant dividends in the end, by avoiding lost profits associated with unsavory and dishonest tenants.

Background checks, social security screening, and credit history checks are all very valuable tools in the arsenal of the landlord who wants to run his business with as much efficiency and profits as possible. Being a landlord is not the easiest job in the world, but it can be made much safer and risk free with a bit of planning and the use of all the information gathering techniques which are at the disposal of the landlord-most significantly, background screening.

You, Mr. Landlord are pleased to find qualified tenants for your rental house. The man and woman sign a
one-year lease on Tuesday.

On Thursday the male tenant contacts you and says
they have changed their minds because his girlfriend
thinks she sees “dead people” in the bathroom.

He expects you to cancel the lease!

What do you do, hire an exorcist?

No, you smile and softly explain… “Listen Bub, that
was a legal contract you signed. It binds both
of us to everything printed on those sheets of
paper…. the laws says so, that’s who!

And that’s true… both parties must agree to break
a legal contract… it can’t be done unilaterally
(usually). In this case the contract is the well
prepared, solid gold lease.

Is your reluctant tenant on the hook for an entire
year’s worth of monthly lease payments?

It brings a tear to the eye of we hard boiled
landlords… but he probably is not obligated to
pay rent for the entire year.

Courts have ruled that the landlord has to make
a good-faith effort to find a new
tenant for the unit as soon as possible.

As soon as one is found the original crybaby is
released from the contract.

The cost of renting to the new tenant can be deducted
from the security deposit you collected from
Mr. Crybaby. That includes advertising and a copy of
The Grinch Who Stole Christmas you give him as a
go-away gift.

About The Author –

Mark Walters is a real estate investor and author. His published works can be found at his web site…
http://www.CashFlowInstitute.com

Legal forms for landlords in Ohio

Real estate properties are so valuable these days that most people are unable to sell even if they badly need money. And because these properties are so costly, many people are holding off from buying. There’s no wonder why rentals in Ohio are truly on the rise. Along with this, legal forms for landlords in Ohio are also becoming more and more in demand. Good thing, they are now widely available online.

Downloadable Legal Forms for Landlords in Ohio

Landlords in Ohio nowadays no longer need to pay for the assistance of an attorney or legal professional just to secure legal forms. There are many sites in the internet today that offer both paid and free downloadable legal forms that are designed specifically for the laws of the state of Ohio. Such websites offer not just legal forms but also legal information and resources for people who needs to make their own legal papers. So whether you are leasing a residential or a commercial unit, you can always download the landlord and tenant form you need.

Here’s a list of the lease forms that Ohio landlords may download from the web:

• Residential Landlord Tenant Legal Forms Package

Such package usually includes forms such as Lease Application, state specific lease, Pre and Post Inventory Checklist, Lead Paint Disclosure and many other forms necessary when leasing a residential property.

• Lease Forms for Residential Supplemental Package

If you are an Ohio landlord and you already have form for lease agreement, this package is for you. It contains all the forms included in the above package.

• Lease Application

Such form is filled-out by tenants for the landlord to evaluate. Disclosure forms and authorization for release of information are also included.

• Pre and Post Lease Inventory and Inspection Report

This form contains an inventory and condition of leased premises before and after the lease period.

• Period to Period Residential Leases

It is a residential lease form covering a specific term such as two years or six months. It contains many provisions and you can modify some of them according to the agreement between you and your tenant.

• Month to Month Residential Leases

This residential lease form covers month to month lease. It also includes provisions that you can modify depending on the terms you and your tenant agreed. You may use this form as a guide only and have it modified according to your needs.

• Forms for Lease Termination (Residential and Commercial)

Designed to be very State-specific, such forms include the number of days tenants should vacate the property, correct the default and other necessary provisions. Termination forms for residential properties are different from commercial ones so make sure you download the appropriate form.

• Forms for Lease Closing Statement

This is the document where the landlord notes down the tenant’s deposits and credits.

• Commercial Lease

This is used if you are leasing a commercial space in Ohio. This lease form is very detailed but can also be modified to cater your needs.

• Lead Paint Disclosure

This is required by tint Disclosure. This is required by the Federal Law for residential properties built prior to 1978. It is presented to the buyer in a sale transaction.

• Notice of Lease for Recording (Residential or Commercial)

This form is used if you want your house or commercial space listed to the official records. Through this, people will know that a parcel of a real estate property is being leased.

• Temporary Leases

This form is used when the seller allows the buyer to take possession of the property before the closing of the contract of sale.

With these downloadable forms, it would be way easy for tenants like you to get whatever you need when leasing a residential or a commercial property. However, you should be extra careful as these forms may contain only general format and content for a particular legal document.

Remember that the requirements to make those papers valid and enforceable vary from state to state. So make sure to download legal forms for landlords in Ohio

Less people are renting homes in Europe

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Over the last 20 years there has been a significant fall in the number of people renting homes in Western Europe with some remarkable differences between some countries.

renting property, homes to rent, landlords, tenants

Over the last 20 years there have been significant changes in the choices people are making in whether they wish to rent or own their house, flat or apartment. In the early 1980’s West European countries averaged between 50% and 60% of homes owner occupied as opposed to rented. However as years progress into the early 2000s there have been some very significant changes with most countries seeing a significant reduction in the number of properties rented. Some of the most significant changes in the percentage of properties rented in Western Europe are:

From 1980/81 to 2001/02

UK from 42% to 30%; Luxembourg from 39% to 26%; Netherlands from 58% to 46%; Spain from 21% to 11%.

One possibility for this trend is the increasing standards of living combined with market changes improving the choice and availability of financial products to purchase properties. However also to be considered is the very significant differences when comparisons are made across countries. Below is a summary of the most recent data found on the percentage of homes rented for each country.

Austria 40%; Belgium 31%; Denmark 51%; Finland 32%; France 40%; Germany (ex FRG) 55%; Germany (ex DDR) 66%; Greece 20%; Ireland 16%; Italy 25%; Luxembourg 26%; Netherlands 46%; Portugal 21%; Spain 11% Sweden 39%; United Kingdom 30%.

One possible conjecture is that countries with a higher percentage of properties in the rental sector may have higher workforce mobility. This would suggest that Germany may have significantly higher workforce mobility than other West European countries. In contrast Spain may have relatively low workforce mobility.

The data available on property to rent across Western Europe raises many more questions than it answers however one factor that is very evident is the definite trend for a shift from rental to owner occupied homes.

For landlords and real estate letting agents who have properties to rent this may also suggest that competition will increase to find tenants. However there are other factors to consider such as the type of rental property. For example the UK rental sector can be split into three main categories, these are Council (e.g. Government owned), Housing Associations (often charitable trusts) and Private (e.g. private landlords and investors). In 2003 the Private sector accounted for 35% of rental properties in the UK, and this percentage was increasing as more people invest in private rental property.

Overall it is difficult to draw precise conclusions however taking the UK example there are some specific factors, firstly overall rental stock has reduced significantly from the 1980s into the early 2000s, secondly there has been an increase in private rental properties, particularly within the last 10 years. The increase in private rental has resulted in more companies such as www.simple2rent.co.uk who provide free services to landlords and tenants for homes to rent in London and throughout the UK.

Loan World has Something for Tenants with Bad Credit History

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Bad credit unsecured tenant loan is tailored in such a manner with considering your needs. End your misery with bad credit tenant personal loan.

Bad credit tenant loans, bad credit unsecured tenant loans

It has been rightly said that in this world there is something for everyone, whether in personal life or in professional life. Likewise the loan world is full of different loans such as personal loan, wedding loan, car loan and many more. These can be taken by placing security or without security as well.

The homeowners, who need large amounts, generally go for the secured loan by placing their house as security. This enables them to get lower rate of interest and longer repayment period. On the other hand, non-homeowners can also avail unsecured loans where there is no need of collateral.

Tenant loan is a type of unsecured loan in which the person is not required to keep any security with the lender. It is another thing that the tenant already doesn’t have the house to keep as security. Tenant loan and unsecured loan are identical to each other. These loans can also be granted to the people of adverse credit history or County Court Judgement’s, but the element required in granting loan to such people is assurance.

Generally, the bad credit unsecured tenant loan accrues higher rate of interest due to the non-availability of security against the same. The repayment period is also shorter than any other secured loan. Another drawback of bad credit unsecured tenant loan is that they grant small amount for the loan. The lender basically providing these bad credit unsecured tenant loan not only provide the loan but also give expert suggestions from experienced panel. So, the tenant with poor credit history can improve his credit situation.

Secured loan ranges from ₤5000 to ₤75000, but in bad credit unsecured tenant loan the lender tends to limit the value up to ₤25000. This can be repaid in up to 10 years.

The best part of bad credit unsecured tenant loan is that the person is not required to keep his property at risk. Here, risk refers that if the person is not able to pay any installment then the lender can seize his property. This type of loan also helps in saving the precious time of the borrower because it doesn’t involve the property evaluation. So, no paper work and the loan will be approved faster. This loan can also be availed by the people with bad credit history. In other words, we can say that it’s a kind of blessing to all non homeowners with bad credit history, council tenants and students as well.

Loans are Not Only for Homeowners, Get Tenant Loans

439

Tenant loans are the synonyms of unsecured personal loans. It can get fast financial support to people lacking collateral to offer. These loans are easily available in the market for getting your personal desires fulfilled.

Secured personal loans, Debt Consolidation loans, Tenant loans, Secured debt consolidation loans, Unsecured personal loans

Loan market is increasing with increasing cost of living. Earlier it was believed that if you own a home there are better chance for getting a loan. This is not a false statement; yes your home can get you better deals. But what about those people who are living as tenants and lacking anything to offer as collateral. Are they left out from the race of getting a loan….???. No they won’t…..with the arrival of tenant loans, popularly known as unsecured personal loans, you can apply a loan without offering anything as security.

Tenant loans are loans for you personal needs like debt consolidation, business financing, and education, health, buying property, boat, car and other such personal needs. The best thing about these loans is that you don’t have to mention the purpose of the loan to the lender. You can use the amount the way you want to use it.

Tenant loans give you the freedom from the stress and anxiety of loosing your asset as in case of secured loans. As the valuation of the collateral is not involved these loans are approved faster. Reduced and hassle free paperwork allows you to apply for these loans quite easily. Like any other unsecured loan, a tenant loan comes with a slightly higher interest rate. You can apply for a tenant loans if you are a tenant, a student or even a homeowner who don’t want to put their property at stake.

One thing which needs to be taken care of while applying for a tenant loan is your credit score. As there is no collateral, no security for the loan, only your credit score gives him some assurance that he is going to get back his money. You can obtain your credit score from credit rating agencies. They will also suggest you the ways to improve your credit score.

Normally you can apply a tenant loan for amounts ranging between ₤1000 to ₤25000. You may get higher amounts and better interest rates with little negotiations with the lender. Remember the effort is yours because the money is yours. It is highly recommended to not to apply for a loan amount which you can’t repay afterwards. Always determine your repayment ability before deciding any such loan amount.

The last but most important thing is to research properly for loan lenders. Beware of loan sharks and frauds in the loan market. Properly read terms and conditions of the loan agreement as it may contain hidden terms which can cost you later. So start searching now and get the best deals in tenant loans for your personal needs.

Loans For Tenants

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Let’s face it – it’s not always easy to find great low cost loans for tenants. Sometimes it can seem that all the great deals in the lending industry are just reserved for home owners. But, there is a whole sector of the lending industry that purely specialises in helping tenants get the loans they need – you just have to find the right lender for you.

The first thing you have to realise is that you may not get the best low cost deal from the high street lender that you cu…

tenants loans

Let’s face it – it’s not always easy to find great low cost loans for tenants. Sometimes it can seem that all the great deals in the lending industry are just reserved for home owners. But, there is a whole sector of the lending industry that purely specialises in helping tenants get the loans they need – you just have to find the right lender for you.

The first thing you have to realise is that you may not get the best low cost deal from the high street lender that you currently use. Although big name lenders will nowadays quite happily give out loans for tenants, many still charge higher rates of interest to their tenant customers.

So, you may well find that you will be financially better off by bypassing a general lender and approaching a specialist loans for tenants company instead. But, where do you find them? The best place to look if you have a couple of minutes to spare is on the Internet.

If you go to your favourite search engine and type in loans for tenants then you’ll get thousands of results. But, you may not know any of these companies listed and you may have to wade through a lot of dross before you come across something useful. One way to get round this is to use a broker to help you find a good loans for tenants deal instead to save yourself time and money.

If you approach a broker – especially an independent one – then they’ll already know everything you need to know about the players in the sector. They’ll already have all the relevant information to hand on tenant loans and deals and rates. So, all you’ll have to do is to answer a few questions, to tell them what you want and then to ask them to go and find it. A good independent broker will dig out the lowest cost loans for tenants deal for you in just minutes.

And, the majority of brokers will also get you better deals and discounts than you could get for yourself. Lenders will reward brokers for finding them new customers by giving them the best deals which they can then pass on to you. If you’re looking for loans for tenants deals then this really is the only way to go if you want to save yourself some money!

Maid Of Honor: The Bride’s First Lieutenant

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The maid of honor has some large responsibilities, such as hosting the bridal shower and bachelorette party, and helping to choose the bridesmaid’s dresses. However, her most significant role is to be a friend to the bride, someone who will offer a sympathetic ear and practical advice.

wedding, wedding ideas

What Does A Maid Of Honor Do?

The scope of the maid of honor’s role in the wedding depends upon (1) how much responsibility she is willing to take on, and (2) how much responsibility the bride is willing to delegate. Usually the maid of honor is chosen because she is 1 of the bride’s very closest friends, and her job description as maid of honor is similar to her activities as a friend.

Aide-De-Camp

The maid of honor does much more than simply walk down the aisle ahead of the bride and stand beside her during the ceremony. She is the “highest ranking” personal assistant to the bride during the wedding preparations. The maid of honor shoulders some large responsibilities, such as hosting the bridal shower and bachelorette party, and helping to choose the bridesmaid’s dresses.

But she is also there just to be supportive of the bride, to act as a friend and confidante, and to help her in ways both great and small. Throughout the weeks and months of wedding planning, the maid of honor is involved every step of the way, from choosing a dress and wedding location to helping wrap favors and set up for the reception.

Party Hostess

2 of the larger responsibilities of the maid of honor are hosting the bridal shower and the bachelorette party. As 1 of the bride’s closest friends, the maid of honor is the ideal candidate to host these gatherings. She knows best what type of party the bride will enjoy, and what types of gifts are most suitable for the bride’s taste. Because the bridal shower and bachelorette party are aspects of the wedding preparation the bride usually has little control over, she’ll have the pleasure of not stressing about them. She delegates these duties to her maid of honor, and rests assured that her friend will handle them admirably.

Wardrobe Consultant

Many times the maid of honor plays a key role in selecting dresses for the wedding. She ordinarily chooses her own dress for the wedding from a selection provided by the bride. Once the color and style of the maid of honor’s dress has been selected, she works hand-in-hand with the bride to choose the bridesmaids’ dresses. Their style and color will complement the maid of honor’s dress, while taking into consideration what looks best on each of the bridesmaids. The maid of honor often assists the bride in choosing her own wedding dress.

Adviser And Confidante

The wedding day is understandably hectic for the maid of honor. Although she has supported the bride throughout the planning process, her most important responsibilities take place on the actual day of the wedding. Besides standing at the altar beside her friend, the most important role of the maid of honor this day is to keep the bride calm and to handle any last-minute problems that may arise.

Angel-In-Chief

Like most things in life, few weddings go exactly as planned, and it is the maid of honor’s duty to be sure that any problem does not upset the bride. Emergency supplies the maid of honor should keep on hand include: extra stockings, lipstick in the bride’s color, tissues, safety pins and hairpins. These can come in handy if the bride has any last-minute trouble with her attire, hair or makeup. The maid of honor plays the important role of ensuring that the bride looks her best throughout the day.

Counselor And Friend

When all is said and done, the most significant role of the maid of honor is to be a friend to the bride. The planning and preparations, and the actual wedding itself can be very stressful and emotional for the bride. What the bride needs more than anything else during this time is someone who will offer a sympathetic ear and practical advice. This, then, is the most important function of the maid of honor.

Maintenance on a Rental Property

Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true. In many cases the leasing agent and maintenance staff are responsible for maintaining the common areas and performing major repairs on the apartments but the renters do typically have some responsibilities. These responsibilities are often defined in the rental agreement and the renter should familiarize himself with this document to verify his rights if a dispute arises.

Renter Responsibilities

Typically renters have the responsibility of maintaining their apartment and the surrounding area. This may include the interior of the apartment as well as deck or patio space. However, maintenance of these areas applies to generally cleanliness only and not issues such as painting or repairs to the exterior or the interior of the apartment structure or the appliances within the apartment.

Additionally, renters are responsible for small repairs in their home. This may include plunging a clogged toilet or changing a light bulb. However, if there are any duties a renter feels uncomfortable performing such as changing a light bulb in a high location, the renter should contact the maintenance staff for assistance.

Renters also have a responsibility to show common courtesy to other renters by not intentionally damaging or otherwise marring public areas. This includes vandalism, littering and even failure to pick up after dogs. Renters who fail to follow these rules of common courtesy may be subject to fines or other penalties according to the rental agreement.

Leasing Agent Responsibilities

The leasing agent and maintenance staff are generally held responsible for major items such as repairs to the exterior of the building, fixing appliances which are malfunctioning and dealing with plumbing issues such as leaky pipes. Additionally, the maintenance staff is responsible for intervening if the renter is having trouble with public utilities. Problem such as no hot water or heat to the apartment should be addressed by the maintenance staff in conjunction with the public utilities entity.

The leasing agent and maintenance staff is also responsible for maintaining the common areas. This may include keeping grassy areas manicured and other common areas looking clean and attractive.

When the Leasing Agent is Not Taking Responsibility

As previously discussed, the leasing agent has certain responsibilities to perform tasks and address concerns and complaints by the renters. However, when the leasing agent is not fulfilling these responsibilities it could create a harmful living environment for the renter. For example hot water is required to adequately clean dishes. This is why there should always be hot water to the apartment. Additionally, in severely cold weather the inability to heat the apartment due to faulty utilities or windows which are not properly sealed can create a hazardous condition for the renter.

Both of the examples mentioned above are situations in which the renter may put in a hazardous condition by the leasing agent’s negligence. In these situations the renter should contact the Department of Housing to determine the proper cause of action to take in this situation.

In some cases the renter may be informed the alleged transgression by the leasing agent is not actually his responsibility. However, in other situations the renter may be informed that the actions of the leasing agent are a serious violation of the rental agreement. In either case, the representative can provide information on how to proceed to achieve the desired results.

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Making Tenancy A Little Easy Fast Tenant Loan

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Tenancy can be tough and can take its toll on you if the resources and the circumstances are against a person. To make the problem less intense for tenants there are fast tenant loans. In this article, we see how they can use them to their optimum and achieve what there is to achieve.

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In today’s world the value of loan to people can never be truly emphasized. They surely are a great help to people who need them. The loans, as earlier said, are a great help to many people. But to people who are tenants they are more than a help, they are more like a benediction for them. Being a tenant involves making sacrifices, compromises with ourselves and the people we deal with. But that can change now with the arrival of fast tenant loan.

Fast tenant loan is a kind of a loan which is designed for people who are tenants i.e. either business tenants or tenants who live in rented houses. Fast tenant loans are here to help tenants of every profile.

Generally the fast tenant loan is taken to satiate the requirements such as:

• Business purposes

• Wedding purposes

• To fulfill educational needs

• Debt consolidation

Or any other need specific to the requirement of the borrower of the fast tenant loan.

Fast tenant loans are more effective than the ordinary tenant loans as these are quickly approved and provide the same level of utility to the borrower. To apply for fast tenant loan, a person needs to apply to an online lender who deals with such loans. The borrowers then need to follow the links and fill out all the details that are wanted by the lender. After that if the conditions match, the loan is approved quickly.

People are sometimes skeptical of these loans, thinking that this is only moneymaking exercise and the borrowers will charge a higher rate of interest. This however is not true a fast tenant loan provides the same benefits as a tenant loan would do. Benefits such as these can be accrued from fast tenant loans:

• Interests on the loans are the same as the normal tenant loan.

• A borrower can choose either a secured or an unsecured loan.

• People with bad credit history also get the same service sand also enjoy the same benefits as they would do with any other loan.

So one can say that a fast tenant loan is an honest attempt to provide service to the borrower and earn money by way of interest.

People who want to apply for a fast tenant loan can apply so in their own way however, they must make sure that they fulfill the required criteria to apply for the loan and must produce a few important documents. Once the documents are produced the loan is only a step closer to you to use and achieve what you want to.

Mobile Home Rentals – A Great Investment

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Mobile home rentals make money. In fact, they are often the cash flow kings of real estate investing.

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Why mobile home rentals? Get past the prejudice and look at the numbers. In our town, for example, a two bedroom house costs £130,000 and rents for £800/month. A £50,000 mobile home on real estate gets £500/month. Cash-on-cash return on investment is obviously higher with mobile homes.

Don’t let the half-truth that mobiles depreciate in value keep you from investing in them. They lose value in a park, on a rented lot, but not on real estate. My first home was a mobile, bought for £19,000 and sold for £45,000 fourteen years later.

House rentals here usually have negative cash flow, while mobile home rentals have some cash flow. Still, investors prefer houses, believing they’ll build equity faster, but is that true? Only during times of fast appreciation.

Equity Building With Mobile Home Rentals

Buy a house for £120,00 with £20,000 down, and take out a £100,000, 6%, 30-year mortgage. You’ll have a payment of £599.60. Of the first payment, £500 will go to interest, and £99.60 to principal. You only built equity of £99.60. This ignores appreciation, but only for the moment.

Second scenario: Find a mobile home for sale on land, and borrow £30,000, at 8%, amortised over 10 years. Higher interest and a shorter term is normal with mobiles, but being done with payments in 10 years instead of 30 sn’t all bad. The payment will be £363.99. The first month, £200 will go to interest, and £163.99 to principal. You built more equity in this scenario.

Mobile home rentals on land might appreciate more slowly than the “regular” house, but faster loan pay-down usually covers this factor. Pay less per month, have positive instead of negative cash flow, and build more equity! Don’t expect your real estate agent to tell you this.

Mobile Homes – Cash Flow

In the example, you’d lose about £150/month on the house, after the payment, taxes, insurance, repairs and other expenses. You’d have cash flow with the mobile home, and after ten years (when the loan is paid off), you’d have a lot of cash flow.

Mobiles are cheap to maintain. The furnace died in rental I owned, and I replaced it for £1,200, much less than a furnace for a larger home. For £200 you can have the roof tarred, instead of £5,000 to re-shingle a traditional roof. Windows, plumbing, doors – they’re all cheaper. Property taxes and insurance are less too (be sure you can get insurance, since some old mobiles may be uninsurable).

The Bottom Line

£20,000 can buy two mobiles, with £10,000 down on each, or four with £5,000 down on each, instead of one negative-cash-flow house. The two investors in our town that own most of the mobile homes always have cash flow, and have built millions in equity. Others, following their prejudices, struggle to make money with their “nice” rental homes. So when you’re looking for a good investment, don’t forget those mobile home rentals.

Mortgages For The Landlord And Landlady

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The demand for property has been rising. Everybody wants to invest in property because it makes great business sense. Housing is a great business in today’s world, especially within city limits. With everyone wanting to live in the city and pursue lucrative careers, housing will certainly be an issue. As a result, it makes good business sense to exploit this opportunity to profit by providing housing facilities for the city folk. More and more property owners have woken up to…

mortgages

The demand for property has been rising. Everybody wants to invest in property because it makes great business sense. Housing is a great business in today’s world, especially within city limits. With everyone wanting to live in the city and pursue lucrative careers, housing will certainly be an issue. As a result, it makes good business sense to exploit this opportunity to profit by providing housing facilities for the city folk. More and more property owners have woken up to the income generating potential of renting out property. Loan providers everywhere have also recognized this development in the real estate business. So they too have come forward with cheap mortgages to help out landowners who are buying the property to let it out.

Buy to let mortgages are quickly announcing their presence in the world of personal finance. Given the fact that the “buy to let” markets are booming, financial institutions are beginning to exploit this opportunity. Buy to let mortgages, as the name suggests, are given to those who are buying a house with the sole intention of letting it out. Thus, these mortgages are specially for this group of investors.

Like the regular mortgages, these mortgages are subject to the usual rules. However, with regards to the principal amount and the interest rate that you might get, your rent expectations will come under consideration. Thus, make sure that you purchase the property in a good area and at a competitive price. The idea is that you should manage to get back investment within a short span of time. Depending on your current income and your expected rent amount, you could procure about 85 percent of the cost price of the house. However, do remember that the greater the down payment that you make, the lower will be the interest rates that you will have to pay.

Buy to let mortgages are secured loans and they are usually taken for a long term. So do not rush to get that mortgage. Do your homework first. If repayment is going to be a long drawn process, you do not want to get landed with loans that are far more expensive than you can afford. Even if you are sure of recovering your money far before the term of the mortgage expires, there is no need to settle for costlier loans. The best mortgages can be found if you do sufficient research first. These days buy to let mortgages charge lower rates than ever before. Scour the market to find the best deals.

Moscow Apartment Rentals Give Business Travelers an Edge

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Although business has never been better, it’s sometimes hard for business travelers to navigate Moscow’s landscape, culture, and language. That’s why many are eschewing hotels and are instead opting for a fully serviced apartment rental in Moscow.

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After years of post-Soviet Union floundering, Russia is reemerging on the world stage as a political, social, and economic powerhouse. According to Time Magazine, which named Russian President Vladimir Putin its 2007 Person of the Year, “Russia’s economy has grown an average of 7% a year for the past five years. The country has paid off a foreign debt that once neared £200 billion…worker’s salaries have more than doubled since 2003.”

The Bear is Back

The Bear is back…big time. And this means that Western businessmen and businesswomen are flocking to Russia to make investments, make deals, and make money. Moscow is, of course, at the heart of the action. But although business has never been better, it’s sometimes hard for business travelers to navigate the city’s landscape, culture, and language. That’s why many are eschewing hotels and are instead opting for a fully serviced apartment rental in Moscow.

Short Term Rentals

If wisely chosen, a short term rental offers several distinct advantages over hotel accommodations. Business class Moscow rentals come fully equipped with the amenities that Westerners have come to expect while traveling. For example, high quality hotel linens, toiletries, and toilet paper are provided, as well as Western-style beverages and snacks. A fully equipped kitchen means that business travelers can prepare familiar foods and don’t have to spend an inordinate amount of time in restaurants. The best Moscow rentals also come fully equipped with a washing machine and ironing board, so that travelers can pack sparingly.

But while amenities are nice, the ability to communicate both locally and with the home office is crucial for most business travelers. To that end, a business class short term rental often includes a free high-speed Wi-Fi Internet connection, a computer printer, scanner, and copier, and telephone service with free local calling. For entertainment, free satellite or Internet television with English language channels is provided.

Finding the Right Source for Moscow Rentals

When looking for a short term rental in Moscow, the key is to find a service that is owned and managed by Westerners. Not only do they speak English, but they also understand what the Western traveler wants and needs. It’s also important not to skimp on quality. Rather than going with a budget service, instead opt for one that excels in providing businesspeople with accommodations in upscale locations that include everything necessary for living and working in comfort. In addition, ensure that the service you choose has staff members that speak English and that can ensure that your stay in Moscow is stress-free. Finally, through its website, the company you choose should be able to provide you with a variety of information, including maps, transportation advice, and guidelines for navigating Moscow’s visa requirements.

Working in a relaxing, homelike atmosphere in a foreign land helps keep businesspeople focused and free from distractions. That’s why business travelers who choose the best Moscow apartment rentals often gain a distinct competitive edge.

Move fast with Bad credit tenant car loan UK

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Bad credit tenant car loan UK gives solution to all your financial trouble when you are thinking of buying a car. These loans are easily available to tenants, students, PG’s and for those who don’t want to put their property at stake for getting the loan……….

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Owning a car has become a necessity these days rather than a status symbol. Yet buying a car is a costly affair for many of the UK residents. Most of the people drop their idea of having a new car just because they don’t have enough funds with them. They think of getting a loan but their bad credit history and lack of collateral with them doesn’t allow them to get a good loan deal. But now there is an answer to such financial problem, and the answer is bad credit tenant car loans.

Bad credit tenant car loan is a form of unsecured loans for buying car for people with bad credit. Earlier it is said if you are a tenant and you fall under bad credit you can’t get a loan. Though, it is a valid reason for lender to deny the borrower from taking the loan. The reason is that in case of an unsecured loan the credit score of the borrower is the only thing that assures the lender that he is going to get back his money in form of repayment.
But with a bad credit tenant car loan you can get the loan approved without offering any collateral to the lender. The only thing which is affected by your credit score is the interest rate which you may get. Better the score, lesser the rate.

Talking about you credit score, it is a 3 digit figure calculated by financial agencies such as Experian, Equifax and Transunion. You can get the score along with your credit report for the financial year at some charge from these agencies. You can also get help from these agencies regarding how to make your credit score better faster. As it is not so easy to improve your score it definitely takes time. But you can’t wait that long, this makes bad credit tenant car loan the best option for you to apply for.

Following are the people, which lie under bad credit and can easily apply for a bad credit tenant loan in UK:

• Defaulters (non-payments or late payment makers)
• A person with CCJ’s and IVA’s taken in the past.
• Arrears
• People with large number of debts with them.
• People frequently changing place of resident.
• Bankrupts

While applying for a bad credit tenant car loan it should be taken into consideration that these loans carry a little higher rate of interest. The lender will ask for your employment status and monthly earnings while processing your loan application. Once he is satisfied with your application he himself will contact you for rest of the formalities. So see your wish of driving your own car into reality with a bad credit tenant car loan in UK.

Need A Loan For Bad Credit Tenant? Get It Here

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Loans for bad credit tenant provide funds to tenants facing problem in getting other loans due to bad credit. These loans are easily available in the market and can be used for any of your personal requirements..….

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A bad credit tenant can be defined as a borrower having a bad credit history in past with no collateral to offer to the lender for getting a loan. A standard loan lender will obviously hesitate or even deny to offer his loan package to such a tenant. But with increasing competition lenders are coming up with a concept of loans for bad credit tenants or bad credit unsecured personal loans.

Loan for bad credit gives a respite to people with bad credit. People fall in bad credit due to any of the following reasons:

• Non-payments or late payments of debt’s installments in the past.

• Unpaid bills of credit cards.

• Arrears and bankruptcy faced.

• CCJ’s and IVA’s taken by you.

• Frequently changed place of residence.

Now you know how easy it is to fall in the trap of bad credit. But to come out of it you need to clear your debts in time. That takes too much of time, your requirements can’t wait that longer. Loans for bad credit tenants can offer you money in such condition.

Researching for a right loan lender for bad credit tenant is something which is very much suggested to borrowers. It was considered to be a tiresome job earlier as you have to visit offices of different lenders to get the quotes, study them, compare and sort them. Now it has become simpler with the internet. You can surf websites of numerous lenders in the same time required for visiting a single lender’s office. This saves your time and energy.

Filling in the application for of loans for bad credit tenants is as easy as a child’s play. It consists of simple columns asking you for desired information like name, contact information, mobile numbers, email id’s, loan amount you are looking for, employment status and a basic idea about your credit score. Some loan lenders may ask you to define the purpose of the loan.

Interest rate for these loans can be a discouraging factor for you but don’t forget the benefit of getting a loan without security. With the option of using the loan amount the way you want these loans have become hot favorites for borrowers. A tenant, a student or a homeowner can easily apply for such loans. Going for a loan for tenants with bad credit will give you the right path to get financial support for getting your wishes fulfilled.

Need an Unsecured Tenant Loans without Collateral?

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Unsecured tenant loans can be defined as the apt way of financing your personal financial requirements without letting your property as collateral to the lender. These loans come with faster approvals and reduced paperwork…….

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Being called a tenant may affect you very much when you are performing the role of a borrower looking for a loan. Lenders of standard loans generally hesitate to offer their money to a tenant. This is due to the reason that there no security for the loan amount. But you need not to worry as this is only the single side of the story the other side is that tenants can also get financed through unsecured tenant loans.

Unsecured tenant loans or unsecured loans are loans for people who don’t have their own property or home to offer as security or collateral. These people include tenants, students, PG’s or people who live with their parents and don’t have their own home.

The best way to apply for an unsecured tenant loan these days is to apply online. Online applying is subjected to faster approvals. With the help of following steps you can easily apply for an unsecured tenant loan:

•Get a computer with internet connection.
•Visit websites of numerous online lenders.
•Search priority should be given to reputed and trusted lenders.
•Take the help of services such as loan calculators, repayment tables etc.
•Compare different lenders on the basis of their loan quotes through comparison tools.
•Fill in the simple application with the appropriate information (like name of the borrower, address and contact information, amount of loan you are looking for, your credit score etc).
•Wait for the lender to contact you with his services once he is satisfied with your application.

Your credit score plays a vital role in getting approval of an unsecured loan. It is the only thing for the interest of the lender to offer his money as there is no collateral. A lender can even deny a person with bad credit history. With increase in competition in the market some lenders are also providing loans to people with bad credit history. But you need to do some hard work in form of shopping for loans to find such lenders.

Unsecured tenant loans range from ₤500 to ₤15000 and can go higher under certain circumstances. The repayment term generally lies between 6 months to 1 year can extent up to 5 years. These loans come at slightly higher rate of interest as they are not secured. You can use the loan amount for any of your personal purpose like buying property, home improvement, health and education etc. Most of the lenders will not ask you the purpose of taking the loan so you can use money the way you like.

New Rules For Buy To Let Landlords

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A tightening of regulations regarding the letting of larger properties containing three or more storeys, converted into smaller self contained residential units, came into force at the beginning of April 2006. Further information on the Licence for Multiple Occupation is available on www.propertylicensing.gov.uk, but here are the basic facts:

The licences will be issued by the Local Authority after an inspection regarding room arrangements and sizes, facilities included a…

buy,to.let,mortgages

A tightening of regulations regarding the letting of larger properties containing three or more storeys, converted into smaller self contained residential units, came into force at the beginning of April 2006. Further information on the Licence for Multiple Occupation is available on www.propertylicensing.gov.uk, but here are the basic facts:

The licences will be issued by the Local Authority after an inspection regarding room arrangements and sizes, facilities included and fire and safety regulations. The landlord will also have to satisfy the Local Authority that acceptable arrangements have been made for the management of the properties. The costs of these licences are expected to be around £100 per each tenant and will be renewable every 5 years.

It’s felt that the tighter regulations may help genuine landlords wishing to enter the market, by assuring mortgage lenders that these properties are to be converted and managed in such a way that they could be favourably considered as suitable for buy to let mortgages.

Unscrupulous landlords may be less than happy with the new rules, which carry a fine of up to £20,000 if they don’t conform!

Typically the property we’re referring to would be student accommodation. If you live in or near a University town you’ll be aware of the huge demand for such accommodation.

Here are a further two rules designed to protect tenants in multiply occupied properties:

· Tenancy Deposit Scheme (TDS)
· Housing Health and Safety Rating System

First, TDS – This regulation comes into force in October 2006 and is being introduced as an amendment to the Housing Act 2004.

It has been found that a source of contention between landlords and tenants is the refundable deposit situation. Some landlords are less than scrupulous and on the other hand, some tenants are slightly less than perfect! As soon as TDS comes in, all refundable deposits will be held in a Tenancy Deposit Scheme. A scheme administrator, acting as a neutral “referee”, will hold the deposit. At the end of the tenancy the administrator will pay back the deposit to the tenant if all has gone well on both sides. If there are any adjustments to be made, they should be agreed at this time and then the administrator should be informed of the situation. Payment should be made by the administrator within 10 days of this notification.

If it is impossible to reach an agreement and it proves necessary for either party to obtain a final court order deciding the proportion of the deposit to be paid to either party, then the administrator holds the deposit until this stage is reached and will then pay out the money accordingly.

When an administrator returns a deposit, interest must be added. The decision on the rate will be announced by the Government. Any balance of interest will be retained by the administrator and may be used to fund the running of the scheme.

Secondly, the Housing Health and Safety Rating System – If a tenant is concerned that the condition of the property is affecting their health, they can call in inspectors to make a judgment on this. These inspectors will have the power to demand any repairs which they think are necessary. The fine for landlords not complying with these conditions will be up to £5,000.

Obviously, there will be a cost to landlords in complying with these new rules and this will have to be recouped. Not all landlords will have the means to carry out the work and in the short term some of the properties in really poor condition may close. The end result, though, should be a better standard of accommodation and a fairer deal overall, making it more tempting for shrewd investors to enter this type of market via a buy to let mortgage!

Now Tenants Can Also Acquire Personal Loans

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Personal tenant loans are specially meant for tenants. As unsecured loans, these loans are offered to tenants against no collateral. But, there are some pre-requisite criteria that a tenant has to fulfill for availing these loans.

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Personal loans for tenants- it sounds surprising, isn’t it? But let me assure you that now not only homeowners but tenants also deserve to acquire personal loans and can fulfill their all personal desires. Now owning a home is not the pre requisite criteria to avail personal loans.

Personal tenant loans, a special privilege for tenants, are a sort of unsecured loan. Therefore, you do not need to pledge any property against the loan amount. But, do not forget that lenders will check your credit history before providing a personal tenant loan. In such cases, they may take help of credit rating agencies and lenders will also judge whether you are capable to repay the amount or not.

However, to qualify for a personal tenant loan, you will have to meet the following criteria:
• Full time employment.
• Your account must have a direct debt card acceptance facility
• Evidence for your identity and residence
• A contact number, it could be a mobile or landline number.

As a personal tenant loan, you can borrow the amount ranging from £1,000 to £50,000. And the repayment period varies from 1-25 years. At the same time, you should bear in your mind that these loans are offered at high rate of interest due to the absence of collateral. Though, by negotiating with lenders, you can make the interest rate in your favour.

You may think that as the risk of collateral repossession is not present with personal tenant loans, thus if you fail to repay the amount then it won’t be a big problem. No, this is not true. In that case though your property won’t be repossessed by the lender, but the lender will harasses you by taking some legal actions. And, no doubt it will spoil your mental peace. So, be sure at first about your repayment capacity then avail a personal tenant loan.

At the time of applying personal tenant loans, few documents are required to submit along with the loan application. These are like, three years accommodation and address details, three years employment history etc. Thus, availing personal tenant loans may be tougher for those who have recently changed address or job.

As personal loans have been customized for tenant as well, therefore with these loans, now tenants can transform their dreamy desires in the realm of reality. Some common purposes, where tenants are using personal loans these days are as follows:

• Arranging a holiday trip
• Wedding purpose
• Buying a new car
• Investing to own their own abode and so on.

Personal tenant loan- it is a lucrative opportunity for tenants to shape their personal desires. With these loans now they can fulfill their all personal dreams and for that needless to say that they do not need to pledge any security.

Now the Tenant can Also Think of Financing with Tenant Loan

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A loan without collateral! Can’t believe, but it is true. The tenants loans are for the people who rent their accommodation from the council, private landlords and students or the homeowner who doesn’t want to take risk on his asset can apply for the tenant loan.

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Earlier owning a house was a great help in getting the loan. As a result, the tenants used to always lag behind, where the matter of finance was concerned. Now the time has changed. The lender has also started thinking about the people who do not own houses. Moreover, they have opened the door for tenants so that they can also get a loan.

A loan without collateral! Can’t believe, but it is true. The tenants loans are for the people who rent their accommodation from the council, private landlords and students or for homeowners who don’t want to take risk on their assets; they can apply for tenant loan.

Tenant loan are nothing but a component of unsecured loan. Unsecured loan also target the tenants. Tenant loan is the best option for those who have stable income whether they own house or not and who want to borrow basically small amounts.

Tenant loan is also a personal loan, which can be used for buying a car, for consolidating the debts, home improvements and for any other purpose.

While applying for tenant loan the person is required to show his income proof, proof of identification and proof that you have made all the rental payments satisfactorily.

The shortcoming of tenant loan is that the rate of interest charged is higher than any secured loan. Higher rate of interest is nothing but a sort of compensation to the lender with regard to the security.

Researching and planning the budget is of utmost importance before going for any loan. Researching implies locating the various lenders in the market offering the tenant loan. This is the most cumbersome part of the process in determining the lenders. Today, lenders use the best means to provide the loan to the borrower; this is an online loan. Online facility has also made the searching process much easier through various search engines. Once you have located various lenders, then the next step is to choose the lender which suits your needs. On the other hand planning implies understanding your budget. This implies determining the appropriate amount you will borrow and how much you can arrange by yourself.

Approval of tenant loan is much faster because it does not involve much paper formalities and no need for evaluation of asset as no asset is involved. The people of poor credit history can also apply for the loan. But the good credit score always add up to your positive side while applying for a loan. A tenant loan also averts the risk of repossession of the collateral.

Panama Real Estate: Evictions

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Our law firm, Panama Legal, occasionally gets queries about the eviction process in Panama for residential real estate.

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Introduction – Our law firm, Panama Legal, occasionally gets queries about the eviction process in Panama for residential real estate. Below follows a brief summary of the process and time frames involved. This is not legal advice, just an overview of what is involved.

Applicable Law – Law #93 dated 1973 is the law that covers residential real estate leases in Panama. Some leases that would be excluded from coming under this law would be leases with following attributes:

* leases of rural property
* leases of property in the reverted Canal Zone
* leases where the rent is calculated by the day such as a hotel, motel, bed and breakfast, boarding house, Inn, etc.
* leases of property primarily designated as vacation property where the term including any existing renewals of the lease is under 180 days
* leases whereby the government of Panama or its municipalities are parties in the lease agreement. However if they do appear in the lease agreement as the property owner or landlord they can utilize the eviction provisions of the applicable law we are dealing with here.

Rental Values – If the residential real estate in question has an initial rent in excess of £150 per month, the agreement can incorporate rental increases as agreed to by the parties of the lease agreement.

Lease Term – There is great freedom allowed in selecting a term for the lease as long as the rental value is in excess of £150. There can also be provisions for extensions of the lease term as well.

Lease Cancellation – The tenant is allowed to cancel any residential lease on 30 days written notice.

Security Deposit – Normally a security deposit equal to one months rent is submitted to the Panama Housing Ministry, which is returned at the end of the lease unless the landlord files a claim for damages.

Eviction Proceedings – This is generally going to take 120 days. The collection of the unpaid rent (if any) is going to take about 270 days. If the workload of the court is high legal processes could take longer. Do not plan on it going any faster.

Conclusion – The eviction process is a fairly long one. In many other countries it can even take longer. Some countries that are known for their large amounts of homeless people do have more abbreviated eviction procedures. If you are renting to an expatriate one needs to bear in mind that they may up and decide to leave Panama someday. If they do this discretely and not pay rent for their last few months here the landlord would suffer. They could have their funds out of the country along with all of their assets. They could also have their assets secreted in foundations and corporations that you know nothing about therefore keeping them immune from your attaching them.

If you are a landlord and are concerned about leasing to foreigners contact our law firm and we should be able to design some protective measure for you that are lawful.

If you are a landlord never engage in any self-eviction practices. Never disconnect the electricity or water, never change the locks and do not decide that their front doors or windows need painting on a Saturday night and remove them for painting. Tenants could file counter claims against your legal action and further extend the time frames for eviction. Do seek competent legal counsel.

Playing The Real Estate Rental Game

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Learn how to play the real estate investing game like the pros by knowing how to run the numbers top make sure you never lose.

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Real estate investing is a game. To play it well you must understand the four financial benefits of real estate and how to maximize them. Those benefits are:

1. Cash flow
2. Equity build up (the payoff of your loan)
3. Tax benefits
4. Potential appreciation

In this article we are going to look at benefit number one.

Benefit number one – Cash Flow (cash flow before tax).

Investing in real state is game of numbers. To play the game well you must understand how to manipulate the numbers to get the end results you want. The result being positive cash flow.

The formula to calculate the cash flow is listed below:

Gross Rental Income
Minus: Vacancy
Equals: Adjusted Gross Income
Minus: Operating Expenses
Equals: Net Operating Income
Minus: Debt Service Payments
Equals: Cash Flow Before Taxes

Here is an explanation of each of the factors in the formula above.

Gross rental income is the first number that you need. It includes all the rents and any other miscellaneous income from garage rents, laundry machines or vending machine. This number is that total income that we expect to get during the year.

Vacancy is a percentage of the gross rental income. It is based on that you won’t collect from of the rent that is expected because of bounced checks, evictions and vacant units during the year. This percentage will vary depending on the supply and demand for rental in your area. I commonly use a 5% vacancy factor when I don’t have any data to determine this. It is important to ALWAYS have a vacancy percentage. Many times the seller will tell you that they have had no vacancy. It is just not true because people’s lives change. They get divorced; lose their jobs and other changes. This causes them not to have the money to pay rent and creates vacancies.

Adjusted Gross Income is the actual money that you are going to receive.

Operating expense are all the costs that apply to the property each and every year other than the loan payments. It includes things like taxes, insurance, repairs, utilities that you pay and any other expenses.

Net Operating Income is that amount of money that the property produces after all operating expenses. This is the most important number because this is the number use to pay any loan payments. This is also the number that we use to determine the value of the property (more about this later).

Debt Service Payments is the amount of payments that you spend per year for any loan that you have on the property.

Cash Flow Before Tax is the amount of money that is left over after you have paid EVERYTHING. This is the amount of money that is you get to keep for your self.

Ok, now that I explained what all the numbers are, here are the keys to creating more cash flow. There is only basically two ways to do it. You have to get more income by increasing the rents and/or reducing vacancies losses or you need to reduce your operating expenses and /or your loan payments.

If you are buying, it obvious that by paying less for the property would mean that your loan should be less, therefore your loan payments should be less and should give you more cash flow.

It is extremely important that before you every buy any rental real estate that you look at the cash flow and you should run the numbers using three different scenarios. The best case where you rents are high and expenses are low, the worst-case scenario where the rents are low and the expenses are high and then a middle scenario. If the worst-case scenario still makes sense then the property should be a no-brainer and you should go ahead and buy.

Property Rental Portals – Making the Most of the Services

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When looking to rent property there are many services and sites that can help to assist in making the first steps to look for your new rental property. This article will give you an insight into what these services are and how you can make the most of your online property hunt experience.

property for rent, rental property, letting agents, letting agents directory, houses for rent, flats for rent

Looking for a new rental property can be a daunting task; chances are good that if you are searching for a property online you may be looking to move to a new area of the country for work or family reasons. Even if you are not moving to a new area but are looking to move to another property in the same region it can still be a big task.

What methods are there to help with the search?

There are still the more traditional methods open to rental house hunters which will include the local papers (if you are in the area to receive one) or visiting the letting agents offices directly. These are still valuable methods but can be time consuming or impossible depending on your situation. To visit the local letting agents may take a whole day or even worse a whole weekend, depending on where you are living and where you are moving too, plus there are no guarantees that you will find what you are looking for. If you set out a weekend to look for a property it could be likely that a knee jerk reaction could happen if you become desperate to find a property during the time you are there.

One of the most important things to remember is that you need to take your time, don’t leave your hunt to the last minute, this could result in you having to accept a property that is not ideal for your requirements. It is important to remember the more time you leave for your search the more selective you can be when choosing your rental property.

How do the Property Portals/Directories Help Me

In days gone by the portal sites and directory sites that advertised property were often found to be frustrating to use, you may have found the house or flat that you would like to take a look at, make contact with the agents only for them to announce that the property had already gone and the site was out dated. The portals have now become much more sophisticated and are as up to date as the agents own websites. Taking feeds automatically from the agents own databases on a daily basis often the property found is current, OK, so you may be unlucky and have selected a property that had already gone that day, however more often than not this wont be the case.

The Available Information

The information on these sites is good and provide full property details, location maps, landlord requirements (ie/ no smoking, dss, pets) and even have the facility to download the property details so you can review your top selections in your own time offline. The rental market has always been a step behind the sales market when it comes to particulars and advertising documents, this now is not the case and you will find that rental property online is documented as well as sales. The good sites will also provide agent profile pages which outline their services and also give you a link through to their company website so you can check for further information.

Are Rentals Still Second Behind Sales

A lot of sites are focused on sales and estate agents and have the rentals as a side issue. The rentals market is an entirely different market and is aimed towards a different sector of people, it is important that the marketing online and offline is aimed towards the correct demographic group. There are specialist sites which are aimed purely towards the rental market of which it would make sense to use these services first. As always there are some better sites to use than others and it makes sense to research each one and check as many properties as you can (online) first.

Reviewing the Information be Prepared

As stated in the earlier part of this article remember to take your time in searching for property, decide on what is important for you. Don’t go into this blind; be prepared as you would if you were buying a house, a bad decision at the beginning of the process could mean you spend 6 months (usual minimum tenancy agreement length) in a house/flat or an area that you would rather not be in.

Rentright is a dedicated rental property portal site and there are a number of different articles which can assist you in making the right decision about your next rental property, along with a whole host of other interesting information.

Click Here to View The Rentright Articles

Protect Your Property with a Landlord Guide

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If you own a piece of property that you would like to rent out it, is increasingly important that you know your rights as a landlord.

Real Estate, Landlord

If you own a piece of property that you would like to rent out it, is increasingly important that you know your rights as a landlord. Today, many landlords can get stuck with thousands of pounds of unpaid rent or lawyer’s fees, because they do not know how to write an ironclad contract or do not know their rights as a landlord. Here are some tips on getting the information that you need.

Being a landlord can be an extremely profitable business. There is a lot of money to be made by renting apartments or a home out to renters. However, this enterprise can quickly sour if your renters are unable to pay the rent each month or worse destroy your property. If you are either a landlord or are considering purchasing a property, it is important that you read up on how to be a landlord, and understand your rights. Landlord guides can help.

There are plenty of landlord guides, many found online in ebook form. You can easily understand how to rent your property using legal tools such as background checks, credit checks and criminal checks. These tools are just one way to protect yourself against renters that can possibly ruin your investment. You will also learn how to write a strong contract, understand your tenants legal rights and how to watch out for major pit falls. So if you are a landlord, look into a landlord guide to protect your investment.

More information on real estate can be found in http://www.home-00.info/real-estate/

Real Estate Appraisal – Rental Properties

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Whether or not you want to do your own real estate appraisal when you buy rental properties, you should know how it’s done.

real estate appraisal, real estate, rental properties, income properties

Real estate appraisal for rental properties isn’t the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn’t normally used.

It is also not ideal to use replacement costs either. How do you figure replacement cost if there is no land for sale nearby with proper zoning? This is used as a secondary method, though, and can tell you if maybe you should be building instead of buying.

Real Estate Appraisal Using Capitalization

Investors buy rental properties for the income. Therefore it is the income that is used to determine value. The rate of return expected by investors in a given area gives you the capitalization rate, and this is what you use to accurately appraise an income property.

Start with the gross income. Subtract all expenses, but not including loan payments. If a building’s gross income is £82,000 per year, and the expenses £30,000, you have a net before debt-service of £52,000. Now apply the capitalization rate to this figure.

If the common capitalization rate is .10, for example (ask a real estate agent), divide the income of £52,000 by .10, and you get £520,000. This is the value of the building. If the usual rate is .08, meaning investors in the area expect an 8% return, the value would be £650,000.

Easy Real Estate Appraisal?

Net income before debt-service, divided by the “cap rate:” It really is a simple formula. The tough part getting accurate income figures. Is the seller showing you ALL the normal expenses, and not exagerating income? If he stopped repairs for a year, and is showing “projected” rents, the income figure could be £15,000 too high. This would mean the building is worth £187,000 less (.08 cap rate) than your appraisal shows.

Another thing smart investors do when buying, is to separate out income from vending machines and laundry machines. If these provide £6,000 of the income, that would add £75,000 to the appraised value (.08 cap rate). Do the appraisal without this income included, then add back the replacement cost of the machines (probably much less than £75,000).

Be careful when using any real estate appraisal method. No formula is perfect, and all are only as good as the figures you plug into them. Used wisely, though, real estate appraisal using capitalization rates is one of the most accurate methods.

Real Estate Rentals – Selling For More

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Sell your real estate rentals for much more, by understanding capitalization rates.

real estate rentals, rental properties, real estate

Selling real estate rentals isn’t like selling houses. You can paint a house, and get a little more because it looks nice. Rental properties, especially larger ones, are different, because they’re bought by investors, who look at income more than new paint. Raise the income, and you increase value to investors.

Time to learn about capitalization rates. If investors in your area expect a capitalization rate of .08 it means they want a net return (before loan payments and taxes) of 8% on the purchase price. So if your three-plex generates £12,000 net income annually, they’ll value it around £150,000 (£12,000 divided by .08). If you can make it generate £16,000, you make it worth £200,000.

More Income From Real Estate Rentals

Raising rents is the obvious way to boost income, if you can justify it. See what similar units are renting for. If your units are £60 below the going rate, you can raise the rents and not lose your renters. Increasing the rent £60 for three apartments means £2160 more net income annually. With a .08 cap rate, you just added £27,000 to the value of your property.

There are other ways to raise rents. Maybe your tenants will agree to £30 more per month if you have a carport built. That’s £1080 more net income annually, meaning roughly £13,500 more value added to your property. (£30 x 3 units x 12 months = £1080 divided by a .08 cap rate = £13,500) If you can build that carport for £4,000, that’s a good return on investment right? What else do they want?

Higher rent isn’t the only way to get more income. Storage sheds can be rented to tenants or you could put in a coin-operated washer and dryer. With a larger income property, you could install pop machines.

Reduce Expenses Of Real Estate Rentals

Could you add insulation to reduce the heating costs? If you’re paying £80/month for lawn care, will one of the tenants do it for £40? Could you buy cheaper insurance? Any way you can reduce expenses raises net income (unless it scares away tenants). A new £4,000 furnace that saves £800/year on heating costs means you just turned £4,000 into a £10,000 higher sales price.

This isn’t an exact science, and of course appearance and other factors matter. Increasing that net, though, is the surest way to get more for your rental properties. Make the changes at least several months before you try to sell the property (a year before, if possible). Also, learn how do the math – it really does matter with real estate rentals.

Real Estate Investing in Rental Properties

There are many ways in which a person can make a living when it comes to real estate investing some of them carry more risks than others. It goes without saying that those that carry the greatest risks are often the very real estate investment methods with the highest potential profit but slow and steady, in many cases, wins the race. Flipping houses is in the news a lot because so many fortunes have been made doing this-more than a few have been lost in this venture as well but those don’t make the news nearly as often.

Working with rental properties isn’t nearly as glamorous and doesn’t provide the almost instant profits that flipping houses might but it is also a great and very valid method of real estate investing that will build a steady profit over time if you plan properly. Rental properties are in demand now more than ever with so many people going into foreclosure and losing the homes they’ve worked hard to build for their families. For this reason rental properties are a good thing to own at the moment, especially those that are family homes.

There are many reasons that people rent and while there are some risks involved when renting properties, the risks are much lower than the risks involved in flipping or pre-construction investment endeavors. There are a few things you should consider when purchasing a property for the sake of renting however in order to make a wise and long lasting decision for your real estate investment.

First, only invest in rental properties in areas that people want to live in. It may be true that you can buy property cheap in a few very run down sections of town but it is doubtful that you will turn those properties into profitable rental units. It is best to pay a little more for a more attractive address for renters. You will find that your properties are inhabited more often, which will make you more money in the long run.

Second, pay attention to the types of people in the area and buy rentals accordingly. It is quite possible to turn large homes into multiple smaller apartment units (according to local zoning laws) that are ideal for college students. You do not want to do this however in an area that is geared towards family homes and won’t be friendly or tolerant of college students. Design the rentals according to the market you are attempting to attract.

Third, don’t be greedy. The goal of owning rental properties is of course, to make money. At the same time if your price your properties too high you will find that they sit empty more often than not. Every month that your property is empty is a month that you aren’t making money on that property at best and a month that you are losing money at worst.

Fourth, know the market. Study the local market for buying real estate and renting real estate. This will help with many things, not the least of which is determining whether or not any given property will make an attractive rental unit. Another thing it will help you determine is how much rent the units you are considering can bring in month after month.

Finally, when renting properties you need to keep your eye on the long-term goals rather than shortsighted goals. Property rental is a marathon rather than a sprint with the greatest profits coming at the end. You will want to pay as little interest on the property as possible and pay the property off as quickly as possible in order to realize the maximum profit potential and acquire new properties. The real money when renting properties as a real estate investment isn’t in renting out one or two units but twenty or thirty. The more rental properties you own the more money you stand to make from owning them.

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Real Estate Investors Offer Perks to Retain Tenants

What tenant wouldn’t love the allure of high speed Internet and a computer of their very own? This is one of many incentives that investors and property owners are offering in order to retain or reward long term tenants. There are other rewards that are just as effective and cost property owners a little less in order to keep the tenants such as gift cards to restaurants after the renewal of a lease or gift cards at furniture stores for lengthening an existing lease. Savvy investors realize that an empty house, apartment, mobile home, etc. is money that is being lost each month that these sit empty.

The same savvy investors also realize that by keeping tenants longer they are often able to prolong the installation of new carpet, new paint, and other cosmetic repairs that are often required when a dwelling is turned over. In addition to the costs of these repairs there is also the time problems of these repairs as many of these cannot be completed in the course of a day or two and leave the apartment out of commission for at least a week if not longer. Bottom line is that the time the apartment sits empty is essential income that is lost.

If you do have an empty apartment or house there are things you can do in order to entice renters to sign a lease. One thing that many potential tenants find appealing is offering to allow them to select the color scheme for the walls and flooring. Too many rental units permit only white walls to their tenants. Imagine the benefits of not only allowing them to have walls in designer colors but also doing the work for them. This is a great incentive to many renters who love the idea of the final look but not necessarily the expense or work involved in creating that look. The ability to have the colors of choice when moving in is a huge bonus to many renters that should not be neglected or overlooked.

Another thing that tenants find helpful and appreciate in a rental property are the little luxuries such as a dishwasher, garbage disposal, built in microwave, washing machine, or dryer. These things are luxuries that many find are well worth signing a longer lease and even paying a little extra for each month. Garages and carports are another great bonus to potential tenants if you have the facilities to provide this. There are other enhancements you can make to a property that makes it more appealing to long-term tenants. Some of these would include ceiling fans, a fenced in yard for children or pets, and free cable television. It is the little touches that often appeal to renters and you will be amazed at the difference they make.

By offering your tenants something that every other landlord in the area is failing to offer you are standing out from the rest. You are also creating a ‘spoiled’ tenant who isn’t going to be content with what the other landlords have to offer when the time to renew the lease comes around. For this reason he or she is likely to stick around for yet another six months or year until the new lease expires, at which time you, as the savvy investor you are, can convince them to once again name their price for staying and offer yet another beautiful incentive in order to keep your clients happy and in place.

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Refinance Rental Property – Don’t Sell It

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Think it’s time to sell those rental houses, or that apartment building you own? You may reconsider once you see the advantages of refinancing over selling.

rental property,refinance rental property,real estate,capital gains

You own a rental property for years, and never see the “big pay-off.” Is it time to cash in on your investment, now that you’ve paid down the mortgage, and values are up? Maybe not.

The Problem With Selling

Selling means you’ll have to pay a large capital gains tax. This can be avoided if you reinvest through a 1031 exchange, but then the point is that you want your money, right? Also, a good rental gets more income as rents go up. Do you want to lose this inflation-indexed retirement plan? What’s the alternative?

Refinancing Rental Property

Have you considered that if you refinance, you can get much of your gain out of the property, without paying a penny in taxes? Borrowing money is not a taxable event. You can take it and spend it however you want, and still keep your rentals.

Let’s look at an example. Suppose you have owned a small apartment building for years. You bought it for £240,000, with a downpayment of £40,000, and mortgage payments of £1650 monthly on the balance. Now it is worth £400,000, you only owe £120,000, and your cash flow is around £800/month. How do you get at that equity?

A bank will probably loan you 70% of the value, or £280,000. After paying off the first mortgage, you are left with £160,000. With todays lower interest rates, your payment on the new mortgage will be about the same. At most you might lose £50/month in cash flow.

An even better scenario: Use £40,000 for high-return upgrades to the property, such as carports or laundry rooms, and then raise the rents. You could have £120,000 left over to spend any way you want, AND have higher cash flow. Does that sound better than selling your retirement plan? Don’t sell. Refinance that rental property!

Rental Properties: 10 Ways To Increase Income

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How do you get more income from your rental properties? Raising the rent comes to mind, but there are many other ways.

rental properties,income property,real estate

What if you want better cash flow from your rental properties? You can’t just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, including the ones listed below.

1. Install coin-operated washing machines. Even if you don’t have the money to do this yourself, you can find a company that will do it for you, and share the income with you.

2. Rent extra parking space. When I got tired of a renter’s extra car, I just started charging a weekly fee. Then I didn’t mind so much.

3. Raise the rent. Okay, we did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below-market rates?

4. Rent storage sheds. Especially if your apartments are small, your renters may need a place to store their things. Don’t let them spend their money elsewhere. Put a few sheds on the property.

5. Enforce late fees. It is perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don’t even mind – they just don’t look at these things the same way as others.

6. Offer improvements for rent increases. If it’s worth £25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you’ll pay less than that per month for it.

7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of the income.

8. Rent by the room. A four-bedroom house might make more money if you include all the utilities and rent by the bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.

9. Rent-to-own sale. Usually there’s a non-refundable deposit, and higher than market rents in these deals. When renters change their minds, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.

10. Reduce expenses. Every dollar of expense you cut goes straight to the bottom line. List every expense of your rental properties, and look at them one at a time. How can you reduce them?

Rental Property Income – How To Increase It

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How do you increase your rental property income? Raising the rent is just one of ten ways you’ll find in this article.

rental property income, income property, real estate

You may think that to raise your rental property income you can just raise rents. However, you can’t just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below.

1. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below-market rates?

2. Charge rent for extra parking space. I got tired of a renter’s extra car, so I just started charging a weekly fee. Then I didn’t mind so much.

3. Charge and enforce late fees. It’s perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don’t even mind – they just don’t look at these things the same way as others.

4. Storage shed rentals. If your apartments are small, your renters may need a place to store their things. Don’t let them spend their money elsewhere. Put a few sheds on the property and charge rent for them.

5. Coin-operated washing machines. If you don’t have the money to do this yourself, you can find a company that will install them for you, and share the income with you.

6. Sell on a rent-to-own contract. Typically, there’s a non-refundable deposit, and higher than market rents in these deals. When renters/buyers change their minds about buying, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.

7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of the income.

8. Rent by the room. A four-bedroom house might make more money if you include all the utilities and rent by the bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.

9. Offer improvements for rent increases. If it’s worth £25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you’ll pay less than that per month for it.

10. Reduce your expenses. List every expense of your rental properties, and look at them one at a time. How can you reduce them? Every cost cut goes straight to the bottom line of your rental property income.

Rental Property Investment – Finding The Properties

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The key to rental property investment? Find properties that make sense. Here are ten ways to do that.

rental property investment, rental properties, real estate

Rental property investment starts with finding the best deals. To do this, you can increase your odds by finding more deals. Who’s more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are those ten:

1. Look in old papers to find “For Rent” ads. Call if they are a few weeks old. The landlord may be ready to sell, especially if he hasn’t yet rented the units out.

2. Look up old FSBO ads. Call on two-month-old “For sale By Owner” ads, and if they haven’t sold, they may be ready to deal. Owners often give up the effort, but still would love to sell. Help them out!

3. Drive around looking for “For Sale By Owner” signs. Owners often don’t want to pay to keep the ad in the paper every week, so you won’t see all properties there.

4. Find abandoned properties. That’s a pretty clear sign that the owner doesn’t want to deal with the property. He might sell cheap.

5. Talk. Let people know you are looking and sometimes the properties will come to you. There are a lot of owners out there who want to sell, but haven’t yet listed their property.

6. Talk to bankers. You might get a foreclosed rental property cheaper if you buy it before they list it with a real estate agent.

7. Offer someone a finder’s fee. There are people that always seem to hear about the good deals. Have such people coming to you.

8. Eviction notices. If your local papers publish eviction notices, or if you can get the information at the courthouse, it can be useful. A landlord who just went through the procees of evicting tenants is a likely seller.

9. Use the internet. Go to a search engine and enter the type of real estate you are looking for, along with the city you want to invest in. You never know what you might find.

10. Put an ad in the paper. “Looking for rental properties to buy,” might be sufficient to generate a few calls.

There is a lot more to learn to do it right, but finding good properties is a good place to start for rental property investment.

Rental Property Management – Ten Questions

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Having good rental property management means less stress and more time to invest in other projects. Here are some of the questions to ask before hiring.

rental property management, rental property, real estate investing

Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you. Hire a good property manager, but first ask the following questions.

1. How much is the fee? Fees vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.

2. What other properties do they manage? It is best if they handle rental properties that are similar to yours. It is also helpful to drive by their other properties to see how they are maintained.

3. Who will actually handle your property? It is best if one person handles your building all the time. They should also have some experience. Get their name.

4. What costs extra? Is it extra for showings? Do evictions cost extra (beyond the legal fees)? Any other extras?

5. How is the fee collected and when? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly?

6. What type of advertising? How do they advertise the units and what does it typically cost you?

7. Cost and time to prepare units? What is the typical cleaning fee on a vacancy, and how long will it normally be before it’s rented out again?

8. What needs owner approval? What dollar amount needs your authorization, and is this negotiable?

9. Hours of operation? What are their business hours, and who takes weekend calls?

10. Accounting? What reports do they send? How often? How are accounts set up?

There are probably other questions you’ll have as well, based on your particular needs and the particular property. Ask everything up front, and you’ll have fewer misunderstandings. With good rental property management, real estate investing is a lot less stressful.

Rental Property Tax Deductions

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Own residential rental properties? This article discusses how income from those properties impacts your taxes.

rental property, tax deductions

Own residential rental properties? This article discusses how income from those properties impacts your taxes.

What Constitutes Revenue?

Generally, rental income is defined as any revenue you receive from the occupancy or use of residential property. Rent, obviously, is included in that revenue. Many owners are surprised to learn revenue also includes rent advancements, expenses paid by a tenant and any security deposits not returned to the tenant. In fact, revenue can also include amounts paid to cancel a lease, even if you had to sue the defendant to get it.

Yeah, Yeah, But What Can I Deduct?

Tax deductions associated with rental properties are strikingly similar to those found in any business. Technically, you can deduct any expense reasonably necessary to “manage, conserve or maintain” the property. Obvious deductions include mortgage payments, cleaning expenses, insurance premiums, service payments such as landscape maintenance, repairs, maintenance, etc. Overlooked rental property deductions include:

1. Expenses incurred in finding tenants,

2. Commissions paid to third parties that arrange for tenants,

3. Paying your accountant and/or lawyer,

4. Mileage for driving to and from the property [I said, “No more parties!”]

5. Depreciation of the property,

6. Depreciation of items in the property such as washing machines, furniture, etc.

Imaginary Rent Deduction

A few creative property owners have suggested that they should be able to deduct their customary and standard monthly rent if the property is empty. The argument goes, “If the property is empty, I am not making revenue and should be able to deduct the £1,500 that I am missing out on.” At first glance, this almost makes sense. Sadly, it doesn’t fly from the perspective of the IRS. Since you are not receiving revenues, your total revenues for the year will be reduced by the loss rent. You can’t double dip by deducting the £1,500 from the already reduced yearly revenues. The only things you can deduct are the expenses you incur during this period, and only for so long as you are actively trying to rent the place.

Rental properties are a great investment. Even more so if you stay on top of your taxes.

Rental Ownership Woes

While real estate investing is a great line of business to get into in order to make copious piles of money there are a few things to consider before jumping into the fray. This is particularly true if you are considering going the route of a rental property owner. There are all kinds of reasons that this is a good solid investment for most that are interested in investing in the real estate business however, it doesn’t come without a few drawbacks, not all of which are financial. It would be wise to consider these things however before you buy your first rental property.

First of all, if you own rental properties and elect to manage them yourself, which is probably wise unless your first property is a multiple rental unit, you will quickly discover that your life is no longer your own. You are literally on call 24 hours a day 7 days a week to handle problems that may arise from pipes bursting, heating going out, electric issues, noxious fumes, leaky roofs and window sills and countless other complaints that may erupt at odd hours of the day or night. Your tenants will have your phone number and expect you to always take their calls.

Second, you have to play the role of Mr. or Mrs. Mean every month when the rent is due. This is probably the least tasteful task of owning rental properties for many rental property owners and one reason that many resort to the services of a property management agency above all other reasons. You will hear all manner of sob stories in your role as landlord but you need to treat this like the business even the things about your business you don’t like such as rent collecting and, when necessary, eviction proceedings.

Third, the constant need for upkeep and repair is often daunting to rental property owners. It’s a sad truth that people do not treat rental properties with the respect that they would treat a home of their own. For this reason you almost always need to paint and replace carpeting, at the very least in between tenants. This takes works and time not to mention the fact that the time that is spent painting and replacing the flooring is time that the property is going to be empty of tenants and not bringing in any income.

Finally, there is the constant need to have the property occupied. As the owner of a rental property you will need to find new tenants when the old ones leave because every day the property is empty is a day you aren’t making money. You want to have the property filled as often as possible and you really want long term tenants whenever you can manage that. One way of course is by making sure that your tenants are treated well, not overcharged, and happy with their homes.

Owning rental property can be financially rewarding but it is a lot more work than many people give it credit for being in light of other careers within the real estate investment field that may require more work upfront. Rental properties require a long-term commitment to keeping the property in good working order and making it a profitable venture for many years to come. If you are considering this business and the above things are a deterrent for you it might be a good idea to obtain the services of a property manager.

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Rental Property Investment Offers Numerous Advantages

More and more people are becoming interested in investing in rental property due to the large number of advantages offered by owning rental property. One of the largest of those advantages is the fact that when you invest in rental property, you are able to take ownership of an asset that is tangible. Compared to other types of investments, this is a tremendous advantage. It can be difficult for many people to get excited about stocks and bonds; however, gazing at a piece of rental property that you personally selected and are maintaining can provide you with the same pride in ownership that you received when you bought your first home. Rental property is also an income-producing asset which can be a much appreciated inheritance for future generations.

If you have had concerns about investing your hard earned money in financial instruments in the past but are aware that you need to invest your money in order to grow your wealth, real estate offers the perfect solution. While the stock market is notoriously fickle in terms of fluctuation, real estate has historically held a strong foothold in regards to appreciation. Even with the current softening of the housing market, investing in real estate represents an excellent investment opportunity. To a large degree this is due to the fact that many consumers are finding it difficult to qualify for a home mortgage loan but still need a place to live that is comfortable and safe.

Income is another tremendous advantage of investing in rental property. While you will need to deduct the mortgage payment if you finance the property and any relevant expenses, a rental property is often able to produce ongoing income for you.

The value of appreciation should not be overlooked either. Generally, such properties improve in value over time. While appreciation can never be guaranteed, if you take the time to choose a property in an area that is stable then there is a very good chance that the property will continue to increase in value as time goes by.

Rental property owners are also able to take advantage of leverage. This is because you have the ability to purchase a rental property with funds that are borrowed. As a result, you are able to begin taking advantage of the benefits offered by owning rental property while only investing a percentage of the total value of the property. In addition, since the property itself will secure the debt you do not have to worry about using other assets to secure it.

Tax advantages are another important benefit of owning rental property. If you obtain a mortgage on your property, you will frequently be able to deduct your mortgage interest payments. There are also a number of other tax deductions which can potentially be taken when you own rental property including the cost of repairs and improvements.

The fact that you can be your own boss when you invest in rental property is a benefit which should not be underestimated. Whether you are considering quitting your current job to become a full-time rental property investor or you are looking to supplement your current income, you can benefit from the fact that there is a tremendous amount of independence to enjoy by owning and operating rental property.

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Rental Swaps

Some vacationers find a rental swap to be an ideal situation when they are traveling. Homeowners, especially in desired locations, may find there is a great deal of interest from others who would like to rent their home for a short period of time. Typically this is about one to three weeks although it may be longer or shorter in some cases. A rental swap is essentially where a homeowner in one location offers the use of their home to another homeowner in exchange for use of the other homeowners home. Ideally these swaps will take place concurrently but in some situations swaps are organized at different times of the year.

A Rental Swap Saves You Money

For many a rental swap is worth considering because it can result in a tremendous financial savings. Lodging often accounts for a large portion of a vacationers travel expenses. By eliminating these costs the vacationer may find they are able to add additional aspects to their vacation. For example, by eliminating lodging costs, a vacationer may have money left over in the travel budget to see a few plays, eat dinner at extravagant restaurants or purchase tickets to sporting events.

A rental swap, however, does not always automatically translate to a financial savings. Consider the cost of staying in a hotel within walking distance to major attractions as opposed to participating in a rental swap 10-20 miles away from most major attractions. In the case of the rental swap, the vacationer will most likely have to rent a car during their stay but might not have to do so when staying in a hotel. The need for a car, whether or not the kitchen in a rental swap will be utilized to cook meals and other factors should be considered in determining whether a rental swap or hotel stay is more financially logical.

A Rental Swap is More Comfortable than a Hotel

In most cases a rental swap usually results in a more comfortable stay than a visit to a hotel. Of course there will always be situations in which the quality and even the size of the hotel may be superior to the conditions of the rental shop but for the most part, vacationers usually feel more comfortable in a rental swap situation. Staying in a home typically provides the vacationer with more privacy as well as the ability to spread out a little more. This can be very beneficial for keeping the peace especially for large families who may quickly feel overcrowded in a hotel situation.

There are Risks to a Rental Swap

While a rental swap may certainly seem appealing, there are some inherent risks to this type of lodging situation. First of all the possibility of the rental property not being exactly as described is a very real risk. Homeowners may exaggerate the appeal of their property either intentionally or unintentionally. Regardless of the intent of the homeowner, the vacationer may still find themselves in a situation where they are disappointed with the accommodations. This may be because the house is not as large or well appointed as described or because the house is older and less well maintained than depicted.

Another risk to a rental shop is the possibility of the other homeowner not noting the correct dates. Although this is also a possibility with a hotel, it can be more troubling when the vacationer was counting on the rental swap for their accommodations during the stay. While a hotel might make every effort to accommodate the hotel guests when there is a mistake, homeowners in a rental swap may not have the available resources to find an alternate place for the vacationers to stay.

One final risk which exists in a rental swap, is potential damage to your own property when you allow others to use the property. Homeowners can work to minimize the trouble in these situations by screening those who they are considering for a rental swap carefully. Additionally, homeowners can take security measures by alerting the police as well as neighbors that a stranger will be staying in the home. This will help everyone to be more vigilant and aware of the potential for problems.

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Renting A Beach House

When you are considering renting a beach house, you need to keep a few things in mind. The first thing to consider is the location in regards to weather. Will it be to cool during the summer months or will it be too cold during the winter. You should also find out if the beach is private or will there be other people walking by or using the beachfront. You need to find out if this is a long-term rental, or is the property owner just renting the beach house for the winter months. This makes a big difference if you are looking for a long term property or more in the ways of a short term rental.

Renting a beach house can be very rewarding, but you should look at all the positive and negative things that go along with renting a beach house. You should consider asking about guests, who stay longer than a week to make sure that this is not going to be a problem with the rent. The next thing to find out is what your responsibilities are for upkeep of the outside of the property. You may find that renting a beach house requires more work than what you are willing to provide.

If you live in an area where snow is prominent during the winter months, you have ask about snowplowing and then consider how you will get to work if you are not plowed out in time. Most beach houses are on narrow roads that require private plowing. This can become costly if the area receives large amounts of snow over the winter months. If are renting a beach house in an area that has no winter to speak of, you might have to consider different weather conditions.

Before renting a beach house, do some research on the area and the weather conditions before committing to the rent. You want to be completely satisfied with the beach house you choose to live in for a while. Ask as many questions as you can think about to make sure renting a beach house is right for you. You might even need to talk about the inside condition. Sand from the beach can steep into carpets and it is not easy to remove. Hardwood floors can become scratched and dull looking. You should always look at these areas for wear and damage.

Depending on the location of the beach house, you might need to check the outside for areas of wear from years of being near the beach. Renting a beach house might mean some repairs are going to be needed if the weather causes any damages. A beach house in an area where hurricanes are common might not be the ideal place to set up a home.

There may be sometimes where you will have to vacate the property and in most cases, leave your belonging behind. If you are sure about renting a beach house, inspect everything and ask for any repairs that might be needed.

Renting A Low Income Apartment

If you are renting a low income apartment, you should know some facts about these rentals. The first thing to understand is the rent amount. These owners receive benefits for being low income housing, therefore, the rent is based on your total yearly income. Every year, you will be required to show a W-2, social security statement, tax refunds as well as gifts of money and children’s income if it applies. This total is added together and analyzed using a special equation to determine your monthly rent.

Your rent will be reduced or it may be raised depending on the income guidelines. If your income does not fit into the qualifying range, you may have to move. It is possible to make to much money to live in a low income housing unit. If you meet the income guidelines, you will then be given a total for monthly rent that you need to pay every month on the required day. If you fail to pay, you can be subject to eviction.

Your income and rent are set for you and your family, if you would have some else move into the apartment with you, you could face immediate eviction or have to include their income in with yours and take a chance of not meeting the guidelines or the number of people allowed in the rental. Renting low income properties does help people who are struggling, but if you abuse the rental agreement, you can face eviction and it may be harder to find other affordable housing.

You need to present all monies received during the prior year and do not try to hide anything. Even your tax return is considered income and will be included in the analyzing report as being monies received even if you spent it all as soon as you received it. You always need to be careful when renting a low income apartment. You have to include everything and if you do not, you can be evicted for failure to comply with the rules that are mandated by the state that the apartment is located in at the time.

Many people forget about gift money when claiming income and available money for a house income housing unit. If you do forget to disclose all monies and someone does find out, you could face eviction or even a new review process that could raise your rent and require you to pay back rent that was due. This can cause hardship on many families.

If you keep in mind that low income housing is affordable and remember all monies that need to be claimed, you should have no problems. Claim your income, gifts, tax returns, children’s income and child support as well as alimony. The money is considered when calculating your yearly cash on hand and used to determine your monthly rent. The monies you claim are for the prior year, not for the present year that you are renting in at the time. Therefore, you need to keep all your documents.

Renting A Mobile Home

Renting a mobile home has a little more to it then just paying the rent. The mobile home has one amount for rent and one amount for land rental. There may be other fees associated with renting a mobile home as well, such as garbage removal and snowplowing. Before you consider renting a mobile home, you should always fine out what other charges will apply. Some mobile home owners will include all the fees in the rent since they are responsible for paying for them.

Renting a mobile home and finding rental insurance may be a little difficult, since the rates may be slightly higher than if you were to rent a house or an apartment. When renting a mobile home, you will want to know where all the pipes are, the furnace and the available storage. Because this is a mobile home, you want to check for insulation and you should consider the age of the mobile home and the outside appearance. Many mobile homes do not fair during the aging process, this is why mobile homes depreciate so rapidly after you buy one. It is always necessary to check everything.

Check the floors and the walls to make sure everything is sturdy and has no weak spots. Renting a mobile home is similar to renting a house, but the structure is different and the weather can cause damage depending on how severe it is at the time. Some mobile home parks do allow garages in certain areas, if you have a garage, you will want to make sure it is free of debris and that it has a door opener and no leaks.

If you need a garage and plan to build one or even put up a storage shed, the mobile park will have specifications on size, design, structure as well as where you can erect the storage shed. If you do not ask permission, the park manger can ask you to take it down or even move it, which could create more problems. It is always better to talk this over with the property owner, who can talk with the park manager to obtain any necessary information you may need.

Once you have all the information that you need, you will be ready to decide on renting the mobile home or not. You will want to have a guideline of the mobile park rules. There may be rules as to how many cars you can have parked on the lot and when to place your trash out as well as what park curfews are for entertaining.

You need to find out this information before renting a mobile home. You will also want to know if there are any specific places for guests to park when they come to visit. It may be that guests have to park a distance away and walk to your home. This is common practice in mobile parks. If you have a driveway, you might be able to fit a few cars on your lot.

Renting An Apartment After Bankruptcy

If you have ever filed for bankruptcy, you might think that renting an apartment after bankruptcy is impossible. This could be true, but most property owners look at this as a sure sign you cannot file again for seven years and think you are a good risk. The way the bankruptcy laws have changed, your ability to rent an apartment or a house is not in jeopardy. If you have filed bankruptcy in the past, you may want to explain this to a potential property owner.

You might be able to explain away the bankruptcy because of loss of work, change in marital status or any other reason that caused the bankruptcy. Most property owners will listen and make a decision from there. If you have documents from other property owners stating that you always paid your rent on time, this is another plus to show that you are responsible where the rent is concerned.

Renting an apartment after bankruptcy does not always mean you will pay the monthly rent, but if you do not pay the rent, the property owner can and will seek damages through a court hearing and you cannot claim bankruptcy on this judgment. When property owners look at your credit history, they will consider the bankruptcy and if you do not have other credentials to support your ability to pay the rent, they may regard you as a high risk.

Providing documents pertaining to all available income and assets will help the property owner decide if you can easily pay the monthly rent and the utilities while still have money for other necessities. Just because you have filed bankruptcy in the past, does not have to mean you are a bad credit risk if you can show that you are gainfully employed and have the means to support yourself and /or family.

Once you know what apartment you are interested in, talk to the owner about renting an apartment after bankruptcy to clear up any misgivings they may have. This can only go without saying, the right way to prove yourself. Once things are talked about openly, you will have a better relationship with the property owner and a better chance of obtaining the apartment you so desire. You do have to be honest and not make excuses, only the truth will prevail.

You do not have to give up your dream of having a nice apartment or even renting a house if you have filed for bankruptcy, you just need to the communication skills to sell yourself as someone who can pay the rent and take care of the place. If you follow a few simple tips to presenting yourself in a different light, most property owners will see this as a good show of faith and consider you for a tenant.

Having the wrong attitude can mean being accepted or denied when it comes to renting a house or apartment. You need to know exactly what to say and when to say it if you really want the home.

Renting An Apartment And Privacy Issues

Renting an apartment or even a house does have some disadvantages. The property owner can enter the property with notice. Depending on the state where you are renting has different time frames for giving notice. The most common advance notice time frame is twenty-four hours. If you are not going to be home, the property owner can still enter the property. This is a law and does not leave any room for discussion. The owner may choose a different time if they choose to, but they do not have to.

Some property owners prefer to enter the apartment or house when you are not there to make repairs or even show the apartment if you are vacating the premises. If the place is up for sale or rent, you have to allow access anytime. Most property owners and real estate agents prefer the current residents to be gone when the place is being shown. Most people do not like this arrangement and no one can blame them. You never want people coming into your home and looking or touching your personal belongings. You could discuss this with the property owner and ask to be present, but in another room without causing a distraction.

This is where privacy issues arise. Many renters do not want the property owner coming into their homes for inspections or even for minor repairs. If you are someone that feels this way, you might want to rethink renting the apartment. Of course, any apartment lease you sign will have this clause included in the agreement. Renting an apartment or a house from someone does allow him or her access to his or her property at anytime with proper notice.

One thing a property owner cannot do is show up at your door at night without notice. Some property owners may attempt this, but you do not have to allow them into the apartment or the house. This however may strain the renter/property owner relations. If you like where you are living, you will want to stay in good standings with the owner. However, there is a fine line between uninvited and invited. You might discuss this issue with potential property owners before you even agree to rent the place. This way, any privacy issues can be avoided in the future if you rent the apartment or house.

If you do find that a property owner is entering your home when you are not there without proper notice, you can take some legal action, but again, you must have proof. You could change the locks, but then you would be in contempt of the lease agreement.

You must allow the property owner to have a new set of keys if you change the locks. This would be grounds for eviction. You may try talking to the property owner, but it may just be easier to move and find a property owner who will respect your privacy and only enter the apartment with proper notice and when you agree.

Renting An Apartment With Bad Credit

When renting an apartment with bad credit, you should keep a few things in mind. A property manager will run a credit check, therefore, it is always best to disclose any necessary information regarding your credit problems before they find out. You can easily explain the circumstances in person before hand, rather than having them find out about your bad credit and disqualify you as a potential renter without even hearing your situation. Renting an apartment with bad credit can be done if you take the time to jot down some explanations before you even begin house hunting.

If you do have bad credit, you can do some things to make your credit history a little more flattering by talking with a credit counselor, who may be able to help you repair some of your credit problems. If you take the steps to improve your credit, renting an apartment with bad credit might become a little easier. Creditors and prospective property managers will see that you are making an effort to correct your bad credit.

Even if you have never defaulted on your rent, bad credit can reflect badly, especially if a property owner has ever had to take you to court for a judgment of money award. If you have not paid that judgment, a property owner will more than likely not rent to you because they do not want to go without the monthly rent. You need to be very careful about paying your rent and paying on time. Judgments for rent monies and eviction proceedings are not easy to explain unless there are extenuating circumstances.

Renting an apartment with bad credit, just means you have to work harder to convince a property manager that you are going to be a good risk. Some may ask for a security deposit, first two months rent and the last months rent. If you can accommodate this type of payment, a property manager may consider this when checking your credit history. It may seem like a large amount of money to place upfront, but it will protect the property owner and you in case you cannot pay the rent. This is becoming more of a custom even if you have good credit.

Renting an apartment with bad credit is not always hard to do, but more so, you have to show you are trying to improve and that you do have the funds to pay the rent and utilities every month. If you provide income statements, current paid utility bills and have the security deposit, you may find that the property owner will find that you are a good fit to rent his or her property.

You just need to have all your documents readily available for the potential property owner to see. If you take the time to explain and show that you have are changing your ways, you might find a property own more wiling to work with you, than if you have a attitude of not being concerned.

Renting An Apartment With Other People

Renting a house with other people does work for many people, but sometimes it can be a nightmare. If you do rent a house with other people, you will want to make sure that everyone’s name is on the lease agreement. This protects everyone involved from any future misunderstandings. Even the best of friends can have a falling out when they live together. When renting an apartment with others, everyone has a role in the rent, utilities, apartment care and yard care if you have access to one.

Signing a lease with everyone who lives in the apartment will ensure that each person is responsible for his or her share of the rent. This does not always work out well if someone does not pay his or her share of the rent. Even though one person is not paying their share, you will still have come up with that portion of the rent yourself. The property owner still needs to receive payment. This part of the lease will protect you in any court proceedings to collect back rent yourself.

If you are renting an apartment with two or more people and one moves out, you can find someone else to take their place and request a new lease agreement to be signed from the property owner. This way everyone is still protected from any misdoings. Most property owners will do a standard check on the new person and either accept them or deny them as a potential tenant.

Renting an apartment with others is one way for people to save money and be able to move out of their parent’s house or some other living arrangement. If you do live with other people, you need to share the responsibilities of house cleaning, yard work and share the expenses of all bills associated with the apartment such as utilities and food. Not all people, no matter how good of friends they are can live together, therefore, you might have to make some adjustments in order for everyone to be happy. Then everyone should do well living together and sharing expenses for everything.

People who rent apartment apartments with other people usually want it to be someone they know well. In some cases, you might be better off renting an apartment with other people whom you do not know. This way, if something does not work out, you do not lose friends and start problems within your current circle of friends. If you have to take someone to court to claim back rent or payment of utility bills, it will be easier if it is not a friend.

Either way, when renting an apartment with other people, you should have everything in writing and leave nothing out. This way everyone knows what he or she is responsible for their share of what and what they can and cannot do. This is done to protect all persons living in a shared apartment or house. College students have more issues than others because there are sometimes five or six people sharing a house while going to school.

Renting Commercial Property

When renting commercial property, you need to know what you can do and what you cannot do with the property. Commercial property is usually office space or warehousing and storage. Renting commercial property such as an office or a storefront may require some remodeling if it does not meet your needs, you can discuss this with the property owner, who usually agrees as long as it adds value to the property.

Just as with renting a home, apartment or a mobile home, you will have a lease to sign, with rules and regulations specifically designed to protect the property, property owner and you as the tenant. The condition of the property will be noted and you must leave the property in the same condition or better when vacating the premises. Renting an apartment and a commercial property are different as to the condition, if you rent a warehouse, you might not realize that backing into a supporting beam at a high speed and leaving a mark or some evidence of the mishap can be considered damage.

Things that happen in commercial building may be accidental or unavoidable, but you can be held liable for the damage. You need to discuss all aspects of renting commercial property before you move into it. Because of the damage clause being so general in a commercial rental, you need to document every little detail right down to the condition of the floor. If you see lift truck skid marks, you need to document this before you start using the building.

When you vacate the premises, you can do a walk through with the property owner to explain any issues he or she may have about the condition. If all goes well, you can expect to have a security deposit returned to you with thirty days. If there are any discrepancies, you can then look back at the lease agreement with the noted damages that already exit to see if they are indeed new damages or older damages done before you rented the property. This is why it is so important to keep proper documentation as to prior damages before renting.

Commercial properties are easier to rent than say a house or an apartment. They are usually found everywhere and property owners need to fill the vacancies. However, you still need to protect yourself. Not many offices are going to need a lot of work to accommodate you, but if you do need to make some additions, you should talk with the property owner before doing any of this work. You should also find out if you could add more telephone lines if needed and maybe a few partitions if that is how your office needs to be.

If you take the time to look for the right place to rent, you will find that there are some nice commercial spaces with some affordable rent prices. You can sign yearly leases or may even a two or three year lease depending on your profession and need.

Renting Eviction Notice And The Tenant

Renting eviction notices are never an easy thing to get away from if you have had a few that show up on your court hearings when a property owner does a criminal check. If you have one or two evictions, you may find that the potential property owner will not rent to you. You will be considered a high-risk renter that they may not want to deal with because the potential for eviction is higher.

To avoid receiving the renting eviction notice, you should always pay your rent on time, follow set guidelines in the rental agreement and if you decide to vacate the premises because toy cannot pay, talk the property owner and try to arrange to pay any rent that may be due. This not only keeps the case out of court, but also puts you in better standings with the property owner.

The eviction process itself starts with property owner going to court to receive a eviction notice that will be delivered by a process server or the owner themselves. You usually have thirty days to vacate, but again this may vary by state. After the thirty days, if you are not gone, a deputy sheriff can come in and physical remove from the premises. If this happens, you will be allowed to move your belongings out, but very quickly. You may have to schedule a time with the sheriff to come back your property.

There is also a five day pay or vacate clause in most apartment leases that require you to leave if you do not pay the rent. This can be enforced on the sixth day of non-payment. Many property owners do not use this clause as much unless the area is in high demand for rentals. Either way, if you do not pay the rent, you are going to receive a renting eviction notice to vacate the premises. You will have to leave and hope that the property owner does not take you to court to receive any back rent that is owed to him or her when you vacated the premises without paying. You might have to pay for storage on your property as well.

You could choose to fight an eviction notice or even ask for more time. If you are located in a state that has a winter law that states that families cannot be evicted during certain months during the colder season, you will be safe for a little while, but then the property owner can and more than likely will sue you for the rent money and court costs.

If you feel your eviction is unfounded, you may wish to show up for court and ask that the eviction be banished from your record and you will move within a few days. Many people have done this and then they do not have this blemish on their record. This however is up to the judge handling the hearing. You do have to provide good reasoning as to why this should be removed from your record.

Renting From A Multi-Resident Property Owner

If you are renting are renting from a multi-resident property owner, you may have some different clauses in your rental agreement than if you were renting a house or an apartment. Many of these places have security locks and are set up this way to protect the residents. If you hand out more keys to friends or family, the traffic can upset neighbors and the property owner. Many of these places are secure and people pay for the security in the rent. You need to respect the property and not hand out more keys than what is needed by your family. There are intercoms for visitors to use when they come to visit.

If there is an increase in traffic, other residents may see this as a security problem that can result in you being asked to leave the premises. If you are renting from a multi resident property owner, you should fine out exactly what you can and cannot do with the apartment and the building itself. You may find the guidelines and lease agreement has things listed that you may not be able to comply with while living there.

Renting from a multi-resident property owner, you are going to have security, but you will also have to allow for inspections of the property. In one case recently, a multi-resident property manager did surprise inspections of all apartments, looking for cleanliness, undocumented pets, damaged apartments and inspection of appliances and flooring. This was legal because the rental agreement stated that the property manger could inspect the apartment at anytime with no notice.

Because this was a signed contract, no one could deny access to the property manager, who did find some very interesting problems and conditions. You need to know what you are signing and if it is a multi-complex, you will have a different type of lease than with a single or duplex rental. If you have no problems with surprise inspections or following strict guidelines then you would have no problem living in one of these apartments. You do have less privacy, but they are affordable places to rent.

When you are renting from a multi-resident property owner, you not only have to follow the rules, but you also have to be careful about your neighbors. Some property owners place tenants in buildings to keep an eye on things as well as the property manger. This is common practice and can sometimes be a little frustrating. If may be possible that you are renting near the property manger’s apartment and you are then going to be seen and heard all the time.

There are not many multi complexes with privacy. It seems that everything you do is under scrutiny. If your rental agreement says no pets, that usually pertains to fish aquariums as well. No overnight guest means exactly that. Many people enjoy living in multi-resident buildings for the security, but they do have some downfalls. You do have to follow the rules and abide by the owners requests and inspections whenever they decide to do them.

Renting Tips For Landlords

Renting tips for landlords include the application process, lease agreement, the property itself and what is deemed actual wear and tear of an apartment. If you have an apartment with carpeting over ten years old, there is going to be normal wear and tear that you cannot charge a tenant for when the vacate the premises. If someone rents the apartment or house for five years and vacates the premises, you cannot charge them to paint the rooms. You can however charge for any damage to the walls.

If you have a tenant that is causing problems with the other tenants, you can seek an eviction notice even if there is a lease. You do, however have to prove that a problem exists that is disrupting the other tenants. Just because you do not like the friends of someone is no reason to start eviction proceedings. If you feel there is an over abundance of traffic would be a reason to evict that tenant, but you should talk to them prior to starting the eviction process.

If you rent to a large family, you can expect some repairs that may be needed over the course of renting. It may be small, but if something clogs the toilet, you may want to have the name of a plumber ready for the tenants to call if you do not do your own work. This holds true for furnace repair, leaky pipes and any repairs due to the age of the house and fixtures.

You should keep your properties up to standards or tenants can file a complaint with the city or town because you are not providing proper accommodations. This means everything should be working correctly and the tenants need protection from the elements. You do however have some benefits if renting to low income families, you might qualify for energy efficient repairs to your property without a cost to you.

This work by signing an agreement that the parties will stay living there for a proper length of time and you will not evict them. You can then have new windows put in, insulation and even a carbon monoxide detect as well as smoke detectors put in. In some states this called HUD, but other states may refer to it as something else. You need to keep this in mind if someone asks you to make some upgrades. You can also request an energy efficient inspection from the gas company to see how to lower utility bills. This will make the property more appealing to someone looking for a place to live.

You can outline your specific requirements in the apartment renting agreement before the tenants move into the apartment. Always be very clear on your requirements and guidelines for renting the apartment or house. If the rental agreement is for a specific amount of people and no more than that, you have to be very clear about that in the rental agreement.

This protects you as a property owner and it also protects the renter from any misunderstandings that can and usually does arise. The lease should be very specific about anything you want the renter to know before renting from you.

Renting With Children

Renting with children is sometimes difficult. Many property owners will not come right out and deny you because of the children, but they might find a different reason so they do not discriminate against you for having children. Children are hard on apartments and homes. You can have drawing on the walls, fires, flooding, toys down the toilet and the noise inside and outside. Not that children are bad, children are wonderful, but some property owners do not want the responsibility of have to worry about what might happen if someone has children.

If you are renting with children, you have to have enough room for the children to have bedrooms to sleep in and enough space for them to live comfortably. If you have an upper flat and children, you will have to keep them quite so they do upset the downstairs tenants. Most people with children try to rent lower flats or a house to prevent this problem. This is always something to keep in mind.

Children are sometimes mischievous and can unknowing create problems. Property owners shy away from renting to families with small children because there are many things that can happen with young children. If you have small children, it is a good idea to explain that you do keep an eye on them at all times. Adults who smoke with small children are high risk at anytime. Children who find a lighter and want to experiment with it start more fires. If you smoke chances are, a property owner may not rent to you for that reason, but also because they do not want anyone smoking in the house or apartment. These are some things to keep in mind when looking for a place to live.

If you have children, some property owners may request an additional amount of money towards the security deposit. This is however, refundable if nothing is wrong with the apartment or house when you leave. It is always a good idea to keep a watchful eye on children when renting so that nothing does happen that needs repair. As long as you have enough room for the children and yourself to live comfortably, renting can be just as comfortable as owning. You do however need to have enough room as required by law when renting with children. This can be a problem if you have three or four children in a small three bedroom apartment or house.

If you rent an apartment or house and have older children who come back to the nest, you would be wise to discuss this with the property owner before they find out. They may raise your monthly rent to accommodate for the extra person on the premises. This is common practice, since you are the only one on the lease at the time of renting the apartment. Older children that visit for a week or two are not considered living with you, but any longer than that, you will need to discuss with the property owner before problems arise from another person living on the premises.

Renting Your First Apartment

You are setting out on your own and you are renting your first apartment. You need to think about what you want and need in the apartment. Do you need a furnished apartment or can you furnish the apartment yourself. Do you need an apartment with utilities included or can you have utilities in your name. You will also need to think about appliances, such as a dishwasher, stove and refrigerator. Do you have these items or will you be renting your first apartment with these items included. Once you know the answers to these questions, you can begin looking for an apartment.

Renting your first apartment is always exciting, you are setting out by yourself, you will have your own home to care for, and you will have more freedom. With this freedom come responsibilities. If you have a job, you need to set aside enough money to cover all the expenses of having an apartment. You are going to need to make sure you can have people over without disturbing other renters and you have a responsibility to keep the premises clean and damage free.

Renting your first apartment also means that you might have other duties to do besides paying the bills and keeping the apartment clean. If you rent a lower flat, you might have responsibilities for lawn care and maybe some weather related chores as well. If you do not want these types of responsibilities, you might only consider upper flats for rent. You do not want to over burden yourself when renting your first apartment. You need to have time to do everything that is required when renting your first apartment or house.

When it is time to find your first apartment, you can jot down a few questions to ask the property manager, which should help eliminate apartments that are not suited to your needs. When you call for information about the apartment, it is wise to ask these questions before scheduling an appointment. If it is not what you are looking for, then you do not want to waste time looking at the apartment. You should always ask questions until you are satisfied that the apartment will be right for you.

When you are renting your first apartment, you may tend to think that you can have something just as nice as you had it at home. This may not always be true. You can take even the most moderate apartment and make it a showcase inside even if the outside has a bit to be desired. You do not want to over extend yourself on rent payments.

You will also have to consider utilities, food, clothing, car expenses or transportation costs and any other necessaries such as insurances. You will find that your first apartment is like everything else. It is never something that you would settle for, but it is the first one in a line of many you will have before you marry or buy a home of your own.

Renting Your Home To Someone, Use An Application For Renting

When you are renting your home to someone, you want to make sure they will take care of the property as if it was their own. You want to find someone that will follow the lease and not miss the monthly rent obligations. Renting your home is always a gamble, but with proper credit checks, criminal checks and a renting agreement, you can protect yourself, your property and the tenant. This is always important to remember whenever you rent your home. You want someone who treat it like his or her own and care for it.

Many times, you are better off having an application form for the apartment. You can include personal information. This will cover name and alias, social security number, current phone number, and current address. You can ask for any felony convictions as well as property damages complaints. You will want to include questions regarding previous residences that the applicant has lived in, this is usually going back ten years.

You make ask about credit history as well as financial information such as a bank name where they have a checking or savings account. Any bad credit should be explained as well as any problems with evictions and small claims. There are two other questions to ask on the application when renting your home to someone. You should ask about their income and employment status as well as the name of the employer.

Once you have all the information, you can use this to verify employment, criminal history, credit history and you mat check with past property owners, but this is not usually necessary unless they have questionable claims against their credit history. Keep in mind there is fine line behind to much information and not enough information. You want to be sure about the potential renter, but do not overstep your boundaries or it could be misconstrued as discrimination. You do have the right to refuse anybody, you just do not need to go into a lengthy explanation that may raise a red flag. You have to be careful about what reason you have for not renting to the party.

You can draw up your own rental application or you can obtain one from your local housing authority. This is true for a rental agreement as well. As long as you do not ask the wrong questions that are not appropriate, you can make your own. You should however make sure you have all the information that is needed to see if someone is a good candidate for renting your apartment or house.

Renters also should supply the right and truthful information on a rental application. If a property owner finds out that the information supplied was wrong, they can evict you for false misrepresentation. Always be truthful and upfront about any information on the rental application and property owners as well need to be truthful with you. This the only way for a property owner and a tenant to get along and for both to be sure about their choices.

Renting – Making Other People Rich

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Many renters say they prefer to rent because it is simple and doesn’t carry the stress of home ownership. In truth, they are simply making other people rich.

renting, home ownership, equity, landlord, balance sheet, loan, duplex, mortgage payment, rent

Many renters say they prefer to rent because it is simple and doesn’t carry the stress of home ownership. In truth, they are simply making other people rich.

Equity

What if I told you that if you purchased a home, you wouldn’t have to make any monthly payments on it? On top of this, I’d promise you that when the house was sold, you would get to keep all of the equity gain in the home. Sound like a pipe dream? This is exactly what renters are doing for their landlords.

Regardless of how you break down a renting versus homeownership argument, there is one universal fact. If you rent, you are building equity for your landlord. Let’s take a look at a simple example.

Assume you rent a unit in a duplex and pay £1,000 a month for it. Assume further that you live in the unit for three years. During this period, you will have paid your landlord a total of £36,000. You can further assume that your landlord’s mortgage payment was less than £36,000 or he would raise your month payment. The end all effect of this situation is you have paid his mortgage for three years. Think about that for a minute.

Over the three years, you have made every single mortgage payment for your landlord. In doing so, you have helped him build equity in the home through the part of the mortgage payments applied to the principal of the loan. On top of that, the equity growth in the property is entirely his. If you’ve paid off £10,000 in principal and the home has appreciated by 100,000, you’ve just put £110,000 into his pocket. Yep, you’ve been making other people rich.

If you’re renting, you will undoubtedly find the above scenario very depressing. Unfortunately, it gets worse. Go ahead and make a list of your assets and debts. List every single thing you can think of and then subtract the total debts from the total assets. Whatever the number is, would it look better if you had added £110,000 to your balance sheet instead of your landlords?

Renting is a necessity, not an option. You should only rent if you cannot get into a home for some reason. With millions of loan options out there, home ownership should be at the top of your priority list.

Renting A Room For Extra Income

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I made £7,000 per year profit from the rooms in my home – while I was living in it. Here’s how you do it.

renting a room, room rentals, real estate

Renting a room? I wish I had thought of it sooner, but one day many years ago I finally gave it a try. I had a thee-bedroom mobile home on small piece of property, and I soon found that it was easy to rent out not one, but both other bedrooms. I suddenly had thousands of pounds extra each year.

Many towns with high rent have a high demand for rooms. Single people share apartments with others, and inevitably have problems with splitting bills, what to do if one is late with their share of the rent, who made which phone calls, etc. When they see a room for in a nice home, with everything from local cals to cable TV included in the rent, they love the idea.

Renting A Room – The How To

Always include everything in the rent. You’ll avoid arguments about who owes what for utilities, or who watches the cable TV more. Cancel long distance, get a phone card, and just have local service. When utilities get too high, raise the rent. Just don’t be tempted into “share” arrangements for anything.

While others were fighting with landlords and roommate-friends, my renters stayed for years. They had no household bills to pay, and no money issues for us to argue about. They payed weekly or bi-weekly, according to their paydays, so they wouldn’t even have to budget for monthly rent.

Regulations in some places that prevent renting a rooms are rarely enforced, and are being legaly challenged more and more. It’s tough to justify a system that allows parents with ten kids to live in a house, while discriminating against a household of three or four – just because they are unrelated.

Look at the ads in the paper to determine what you can get for a room in your area. If there are several ads, renting rooms is probably common, and you’ll be able to get numerous calls off of a two-day ad. Weekends seem to be the best time to run your ads.

How do you choose a renter? Use your intuition, and have a list of questions to ask. Take notes. Where does he/she work? What is there phone number? What family can you call in an emergency?

You have to decide what you want for house rules, and be clear about what they are to avoid any issues. I personally won’t allow pets, smoking in the house, or late-night noise. Everyone does their own dishes, and keeps any mess in their rooms.

Potential Profits

When I lived in Traverse City, Michigan, you could get £100/week for a room in a decent house there. With two rooms rented, that would be £10,400 per year. This is mostly profit, since household bills don’t go up much with two more people in the house. If you don’t mind the company, that’s a lot of cash for renting a room or two.

Renting Property in the Docklands, London.

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General information and advice on letting property in and around the docklands. Tips and advice on strategy for finding your ideal rental apartment, flat or house.

letting agents docklands, appartments for rent docklands, renting flats docklands, renting appartments docklands, property for rent docklands, houses for rent docklands, renting docklands

Docklands – The Overview

The docklands is located in the east side of London Over the last 20 years the area has seen a huge amount of regeneration and now hosts the tallest building and some of the largest companies in the UK.

The docklands has excellent public transport links as you would expect including the DLR (Docklands Light Railway) which is now extended over to the London City Airport, which is the closest airport to Central London. Also with the recent London 2012 Olympics bid there are further regeneration plans to be implemented for the games.

The whole face of the area has changed dramatically with the inclusion now of some of the most expensive apartments in London with views over the Thames and beyond. The Docklands also has the London Excel exhibition centre and numerous places for entertainment including traditional pubs and modern bars and restaurants.

For more information on the docklands visit the link below.

Docklands Information and Services

Renting Property in Docklands

The docklands as you would expect has everything for the modern person and the property is no different. Rental property in the docklands is most likely to be in apartments and there are plenty of new developments to choose from. The prices vary depending on the size of the property and the location ie/ a penthouse suite in the central business district may cost more to rent.

In order to carry out your rental search it is most important that the first task to carry out is know your budget. Remember that there are costs that you will occur each month that you need to take into consideration, these include amenities which will include council tax, electricity, gas and water. There may also be charges for parking your car (if you have one) the congestion charge and some of the apartments may even have a maintenance charge. Also don’t forget that it is highly likely that you will need to have 1 months rent in advance and 1 months deposit on the day of move in.

Get the Knowledge

Before taking on the task of visiting the letting agents why not take the time out to do some research. It will help you asses the market conditions and make sure that you know roughly what you should be paying for your rental property. The best place to start your research is in the comfort of your own living room. This can be done in one of two ways either by obtaining a copy of the local paper for the area and checking the adverts and property details. Or even better (if you have the internet) is to check on line. The internet will have answers to every single question that you have.

Ideally you will want to obtain a good sample of property and apartments for you to make the best judgment. You could go to the search engine and type in letting agents Docklands or apartments for rent in Docklands and get a huge list of sites. Or alternatively why not use a property letting directory or property letting portal.

What services can you expect from Property Portals.

There are a number of key services made available by residential letting property portals, the main ones are listed below.

Multiple Emailing Service

Email service to all agents advertised on the site, sending details of your requirements. The agent then contacts you with property details that may apply.

Property Specific Email Service

Email service to send directly to the letting agent your interest in a specific property advertised.

Website Click Throughs

Click through to the advertised letting agents own website.

A good example of a portal that offers these services is Rentright helping you find apartments in the Docklands and beyond from here you can perform any or all of the actions listed above.

What now in your property rental search?

By now you should have completed your research and your budget planning. The next important task is to perform your area research, where do you want to live in the docklands? What part of the docklands? Do you need to be near the LDR? Do you want a gym and swimming pool within the apartment complex? Maybe near to a supermarket?
These are all very important factors to consider when doing your research, if you don’t you may have problems when it is too late. Maybe do a demographic search on line and find out about the area and community before you make a choice.

Once you are happy with the research then, if you have already found a property/properties of interest on the internet contact the letting agent and arrange a viewing.. If not then you may consider visiting the letting agent website directly and registering your details with them or making a trip to the town to visit the agents personally. Remember that it is also best to visit a property at different times of the day in order to get the overall picture of the area.

Or you could get the Rentright website to do the hardwork for you and the system will contact all the agents for you, or the agents with property that you are interested in and just wait for the agents to call you.

Some pointers for you when looking to rent property in the Docklands

 

  • Fix your budget
  • Research available property on the internet
  • Research the areas where you are interested in renting
  • Contact Letting Agents in Docklands or surrounding area to arrange viewings
  • Re-Visit an area on different occasionsRenting Versus Buying A Home388Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.

    Renting Versus Buying A Home

    Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.

    Renting – Advantages

    Renting can have a few advantages depending on the part of the country you live in. The primary advantage is your monthly rent payment may be less than an equivalent mortgage. A secondary advantage is the fact that maintenance and improvements to the property are the responsibility of the landlord. Still, these advantages pale in comparison to the disadvantages of renting.

    Renting – Disadvantages

    The disadvantages of renting are significant. If you have any opportunity to purchase a home or condominium, it almost always makes sense to do so.

    The biggest disadvantage of renting is the loss of value. Assume you rent a residence for £1,000 a month and you live in the residence for two years. You will have paid a total of £24,000 in rent, a pure expenditure. The £24,000 is simply gone and you will have nothing to show for it other than the time you spent in the home. Compare this to what your landlord has gained.

    Rent payments are closely aligned with a landlord’s mortgage payment. Using the above example, lets assume your £1,000 rent exactly equals the mortgage payment. For two years, you have indirectly paid the landlord’s mortgage, helping them build equity in the house by paying down the loan. In addition, the landlord has benefited from the appreciation of the property.

    By appreciation, I simply mean the amount of increase in the value of the house. If the rental appreciated £20,000 in two years, the landlord has received a windfall. They may have seen a gain of £24,000 in appreciation and payments lowering the mortgage. As a renter, you have made this all possible. The landlord no doubt would like to thank you.

    Now, what would have happened if you had purchased a similar home with similar financial figures? You would have seen an increase in YOUR wealth of £24,000, not the landlord’s wealth. If you renting, these figures should make your teeth grind.

    If you are renting, you should be out shopping for your own property. After all, isn’t it time to make your money work for you, not a landlord?

    Retirement Investing. UK Self-Invested Personal Pension Plans and Philippine Condotel rental income properties

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    UK Tax Payers are taking advantage of tax incentives and Investing their Self-Invested Pension Plan [SIPP] In Philippine Condotel Investment Real Estate for Rental Income and Retirement

    Retirement Investing, UK [SIPP] Self-Invested Personal Pension Plans, Condotel Rental Income Properties,

    Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Lancaster Brand of Condotels in the Philippines in a Press Conference with International Investors from the United Kingdom held recently at Shangri-La Mactan Resort Hotel in Cebu, reckoned – “Thousands of people in the UK are beginning to catch on”

    A Self Invested Pension Plan [SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it. The long-awaited rules on what savers can include in their personal pension plans were unveiled in April 2006 by HM Revenue & Customs. The Guidance Notes confirm that the Chancellor is permitting Self Invested Pension Plan [SIPP] holders to invest in hotels such as the Lancaster Brand of Condo Hotels in the Philippines. The only stipulation is that SIPP holders may not stay in their rooms. With more nights available for paying guests, this not surprisingly increases the room owners’ returns. It is estimated there are now more than 70,000 plans holding over £14bn.

    A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP

    If you’re considering using your SIPP to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts and a SIPP is simply another form of trust.

    Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It’s still possible to buy a preconstruction Condotel suite at Lancaster The Atrium located in Metro Manila, Philippines, for less than GBP £25,000.00

    Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a “Full Service” Condominium Hotel [“Condotel”] offering Studio, One, Two and Three Bedroom Suites for sale. To be completed and ready for turnover from December 2010, the Lancaster Suites Manila Atrium Tower II will provide unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes [at current purchase levels] of some 8-16% ROI per annum as Owner Non-Residents when not using their units through Condotel Management. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

    The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A GBP £25,000 Condotel suite may set you back GBP £100 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your IRA, and the 12-16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate enthused Collingz.

    What’s the downside about owning Philippine Condotel Investment real estate as an SIPP investment? You cannot reside at your investment property as long as the SIPP is titled as the owner of the property. The self directed pension plan rules about benefiting personally from your investments are strict – you are not allowed to make use of any property owned by your SIPP, or you risk losing its tax-protected status and worse yet you could face penalties from HM Customs & Excise. You can, however, rent out your SIPP investment for steady income – putting the profits and cash flow into your SIPP, or sell your Philippine Real Estate Investment for immediate profit, as long as those profits remain inside the SIPP.

    If you’re looking for an unusual and high earning investment for your SIPP, then take a serious look at owning Philippine Condotel investment real estate. It can help kick your SIPP earnings into high gear.

    With the impending slowdown of the UK. housing market and failing pension plans, many investors are turning to using their SIPP’s to invest in overseas properties and earn tax-free or tax-deferred income. This creates an outstanding opportunity for by offering self-directed pension plan vehicle to invest in the Lancaster Suites Atrium Tower preconstruction units.

    With preconstruction property appreciating at some 20-30% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many Pension Plans offer for the same or similar investment.

    Beth Collingz says that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Philippines fit the bill

    This potential, high rates of rental returns from Condotel Investments, currently from 8% up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around looking for normal residential profile buyers without looking at the by far bigger picture of investments, investing and retirement. “We’re here to help our clients, educating our clients and advising them of emerging investment opportunities. Self-Invested Pension Plans and the Lancaster Suites Atrium Condotels, fit this bill exactly; adds Collingz

    Route To Instant Cash: Fast Tenant Loan

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    Fast tenant loan can pull you out of your financial mess without much hassle. Fast tenant loan can be understood as a synonym for unsecured personal loan. It is ideal not only for non-homeowner but also home-owners who do not desire to pledge their home against the loan amount.

    Secured Personal loans, Fast tenant loans, fast personal loans, Cheap Personal Loans

    Is tenancy posing a hurdle in your way to obtain a loan? A fast tenant loan can facilitate you with instant funds to satiate your fiscal upheavals effectively. Tenant loan can be simply understood as a synonym for an unsecured personal loan. It is unsecured as it can be accessed without having the restraint of pledging your property usually a home against the loan amount. The lack of collateral eliminates the pre-requisition of a credit check amongst other routine overdrawn procedures involved to procure a loan. This in turn leads to fast loan approval.

    You can be hooked to a fiscal crisis at any point of life and anywhere. Fast tenant loan can equip you to face these unforeseen situations efficiently. As the name suggests, it is fast and involves minimal paperwork. This implies that funds can be wired to your account directly after loan approval.

    You would fall in the category of a tenant if you do not possess your own home. Fast tenant loan is ideal solution for you if you are a student, paying guest, staying with parents amongst other non-homeowners. But this does not hinder the homeowners who do not desire to risk their home, to procure fast tenant loan.

    Though a Fast Tenant Loan evades the possibility of repossession of your home yet defaulting the scheduled loan repayment can drag you to a legal proceeding. Therefore, it is advisable that only the mandatory amount should be borrowed. This can ensure timely repayments and save you from any negative consequences that may surface as a result of procurement of a fast tenant loan.

    Due to no constraint of collateral, fast tenant loan is often attached with high interest rates. Furthermore with a swamp of financial organizations offering fast tenant loan it can be quite a tedious task to find a feasible tenant loan. But with a little spade-work, you can locate fast tenant loan at a competitory rate of interest to fit your pocket. You should make an effort to enrich your information pertaining the terms and conditions of the loan provider. This practice can keep you away from any future perplexity.

    In fact with fast tenant loan you can make a leap from the corner of bad credit. Bad credit is like an albatross round your neck. It can corrode your prospective financial future, weakening your economic state of affairs. With fast tenant loan you can improve your chances for better loan opportunities and also reinstate your credit standing by making scheduled loan repayments.

    Move out of a financial jam with fast tenant loan.

    Saving Money by Renting

    For many renters the possibility of using a rental situation to save money is a foreign idea. These renters often bemoan the fact that they have to rent a property rather than purchase a property because they feel as though not owning the property is basically throwing money away each month. However, this is not entirely true. While there are certainly benefits to homeownership and building equity homeowners can also benefit financially by renting an apartment rather than purchasing a home.

    While it is certainly true that money spent each month on rent does not get the renter any closer to homeownership while each monthly mortgage payment makes the homeowner one step closer to owning the property completely. However, this is not the whole story. Renters should also consider the amount of money they will be able to save annually for the purpose of purchasing a home by living in a rental property right now.

    A Smaller Apartment Can Lead to a Bigger House

    Some would be homeowners find renting a small apartment can allow them to start saving for the purpose of purchasing a house in the future. Renters who are willing to sacrifice comfort now and stay in the smallest apartment possible will likely be able to save the most money towards purchasing a home.

    In general the monthly rent for an apartment is based on a value per square foot. This value may vary slightly from one property to the next but is likely to be very similar in properties in the same general area. This means apartments which are smaller in terms of square footage are likely to be less expensive overall. Therefore renters who would normally feel more comfortable and able to spread out might opt for a smaller apartment just so they can begin saving more money for their home purchase.

    Budget Wisely to Save Money

    Renters who want to save money for the purchase of a home while renting an apartment should understand their monthly rent is not the only factor which may prevent them from saving money while they rent. For example entertainment costs should carefully be considered when a renter is trying to save money. Most rental properties have a fully equipped kitchen making it ideal for the renter to prepare meals at home as opposed to going out to eat. Renters who cut down on eating dinner out may find they are able to save quite a bit of money each year.

    Likewise renters who are spending an excess amount of money on superfluous items may have difficulty saving for a house while renting an apartment. Examining all current monthly expenditures can help the renter to determine where there is the potential for financial savings. Making changes such as debt consolidation may be one way to decrease monthly bills but this is certainly not the only solution. Renters can make other changes such as canceling subscriptions to premium movie channels, minimizing cell phone plans to include only the amount of minutes used each month and making changes to insurance plans to result in an overall savings. Changes to insurance plans may include having your car and renter’s insurance covered by the same carrier. Many carriers offer discounted services to renters who are willing to bundle their services. All of these slight changes can help to enable a renter to save money for a home purchase in the future.

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    Sharing a Rental with a Roommate

    Sharing a rental property, whether it is an apartment or a house, can be either a dream come true or a living nightmare. There are many advantages to having a roommate; however, there are also disadvantages. When these disadvantages are severe they can result in an uncomfortable living environment in some situations and even a dangerous living environment in other situations. There are a couple of ways a renter can protect themselves when sharing their rental property with a roommate. This includes screening the potential roommate carefully and including the roommate on the rental agreement.

    The Advantages and Disadvantages to Having a Roommate

    Having a roommate can certainly be advantageous in some situations. The primary advantage is financial. Renters who opt to have a roommate, essentially cut their rent in half if they opt to have one roommate or in thirds if they opt to have two roommates. This is ideal for renters who would like to have a larger apartment but would not be able to afford such an apartment without the assistance of a roommate.

    Another advantage to having a roommate is the opportunity to share household responsibilities with the roommate. Of course this is only an advantage when the roommate is willing to do his share of the work on a regular basis. If this is not the case, it may result in a huge disadvantage which will be covered briefly in the section on disadvantages.

    One of the most significant disadvantages to having a roommate is a lack of privacy. Those who live alone do not ever have to worry about not having time to themselves while they are in their apartment. However, when a renter has a roommate, there is no guarantee the renter will ever have any time to himself while he is in the apartment.

    Another disadvantage to having a roommate is the distribution of household responsibilities may not always be even. Roommates should have a discussion regarding the household responsibilities such as cleaning the common areas but there is always the possibility that one roommate may not do his share of the work. When this happens it can create conflict and resentment among the roommates. This conflict can make the living situation quite uncomfortable.

    Select a Compatible Roommate

    When selecting a roommate, the renter should be careful to select a compatible roommate. In the previous section we discussed how conflicts can arise when one roommate does not do his share of the cleaning. However, incompatible cleaning styles are only a small portion of the compatibility issues roommates may face. One important issue is entertaining. If one roommate has visitors at the apartment often, it can cause problems if the other roommate is not comfortable with this.

    Even the times in which the roommates normally sleep can cause problems. If one roommate goes to bed early and wakes up at 4:00 am, it can be problematic if the other roommate likes to stay up late and not wake up until 9:00 am. In this case the roommates may not only begin to get on each other’s nerves but they may also begin to adversely affect the other’s job or social life.

    Include the Roommate on the Rental Agreement

    Finally, renters should be sure to include their roommate or roommates on the rental agreement. This is very important because it helps to protect all of the roommates. Inclusion of all of the roommates prevents one roommate from being able to ask another to leave unjustly. This may occur when conflicts arise but inclusion on the rental agreement ensures each of the roommates has a right to live on the property. Placing each of the roommates’ names on the rental agreement also prevents one roommate from not making their rent payments in a timely manner. It will also help to prevent one roommate from being held legally responsible for not paying the rent on time by the leasing agent.

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    Shopping for Rental Properties-Which Types to Avoid

    When you are shopping around for rental investment property it should be kept in mind that just because you find a property with a good price; that does not necessarily mean that it will make a good rental property. There are simply some properties which are more suitable to renting than others. This can be one of the most common mistakes many people make when they purchase their first rental property. By understanding which properties should be avoided, or at least how to handle problem properties, you can be more confident of your success.

    Outdated homes are a prime example of properties which do not make the best rentals. One of the main reasons that outdated homes do not often make good rental properties is the fact that they are simply more prone to have things go wrong with them. In some cases, this can turn out to be quite expensive. You will have two choices when dealing with an outdated rental property; you can either spend the money to update it and risk your profit or you can not update. The latter is also quite risky as most renters, if they have a choice, will rent a property that is updated. Renters typically expect the properties they are renting to be safe, secure and have working systems and appliances. Some of the main problems you may run into with outdated problems include plumbing issues, roof leaks, cracks and settling, electrical problems and the ability to obtain parts for appliances.

    Outdated homes are not only frustrating because they tend to have systems and appliances that break down but they can obviously be expensive in many regards. Not only will you have to pay for the repairs but more often than not the repairs will need to be made when you least expect it and during the least convenient times; which usually translates to an even higher cost.

    Homes with pools also do not frequently make ideal rental properties. At first, you may see a home with a pool as an advantage which would be appealing to prospective tenants; however, this is not always the case. Many prospective tenants, especially if they have young children, do not want to live in a home with a pool because of the risk factor. You should also take into consideration the issue of liability as well as the cost of maintaining the pool.

    In addition, homes that are considered to be high-maintenance may not make the best rental properties. Consider how much time you are willing to spend each week working on your own home, if you are a homeowner. You might find the tasks of wedding, mowing the lawn and watering the flowers at least fulfilling if not rewarding. The thing about tenants; however, is that they are often not willing to perform these tasks for a home they do not own. If you have a property that requires all of these tasks consider hiring someone to handle the yard work and then including the price in the rent. You will be able to guarantee that the work is done and your property does not look unkempt without having to actually worry about it yourself.

    Location is always important when it comes to real estate and that is no different when choosing a rental property than when purchasing a home in which you will live. Properties which are close to amenities such as shopping, schools, worship centers and are generally considered to be in a good neighborhood will typically make better rentals than homes that are located on busy streets or which are not near such amenities. Therefore, it is always important to make sure you take location in mind when choosing a rental property because most prospective tenants will be looking for properties that are in good locations. If there is competition on the market, a tenant will often choose a rental that is in better location even if it means paying a bit more in rent.

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    Should you Become a Landlord

    Benefits from real estate also sometimes take extra steps and responsibilities. If you are thinking of becoming involved in real estate, then you may also be looking at the job title of landlord. While this is a good way to make an investment and a living, you will want to consider several things before designating yourself to this job.

    Before beginning the process of becoming a landlord, you will want to make sure that you can profit from it. This means finding the right place for potential tenants and having the ability to market and find the right demographics that you may want in your home. Having the ability to reach out to the right people can help you if you are thinking about renting property to others.

    If you decide to become a landlord, you will want to make sure that you are made for it. You will want to ask yourself whether you are fit to deal with different personalities from tenants. Paying rent late, taking advantage of the property, and other problems will often arise. This causes maintenance and upkeep of different rental areas to be part of the job. You will want to make sure that you can handle different situations effectively and make sure that you can find the right way to take care of the different needs for everyone in the area.

    Of course, becoming a landlord could be beneficial for you. If you have the right people in the right place, you won’t have to do much work and will only have to collect the rent. Most landlords, if they have a larger amount of property, will have hired help such as property managers in order to handle extra problems that may arise. If you are able to invest and grow enough this way, then you will have the ability to take a year long vacation while the rent is collected.

    If you are one that wants to work with renting property and collecting extra profit from it, then becoming a landlord is a good option for you to consider. By finding someone else to live on your property, you will have the ability to collect rent instead of pay it.

    Solving Some Of The Tenancy Problems – Tenant Loans

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    Most of the people in UK are tenants, to cater to this niche the creditors have now relaxed a lot of rules for the application of the loan. This means that the loan is available at reduced rates and with more benefits. So, all the tenants are advised to apply for tenant loans and not to hesitate.

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    Being a tenant can never be that easy; it always involves a few sacrifices, compromises among other things. Although, there is something that all the tenants can now look forward to; and that are the tenant loans. These loans are available to all the tenants all over the UK. The loans are available to the businesspersons who are carrying operations on rented premises or living in rented houses. With tenant loans, all the needs of the borrowers are covered if they fulfill the given criteria relating to the taking of loan.

    There are times when the tenants may like to buy something which may be a little out of their limits, like a car, machines or any other white goods, which may not be luxury but a necessity. In this situation, the tenant loans can be a great help. Tenant loans can help with these and many other purposes depending upon the need of the hour.

    Tenant loans are like other loans if we compare their features i.e. they offer the same what we get from the other loans. Services such as:

    • Tenant loans are available in both secured and unsecured forms. Generally, tenants prefer unsecured loans, but those who want to can opt for the secured loans as well. Secured tenant loans are cheaper than the unsecured loans and are taken against automobile, jewellery etc.

    • Tenant loans are available to people with bad credit history as well, allowing these people to achieve their needs and mend their credit scores.

    • All the options i.e. of low interest rates, flexibility of choosing loan amounts, monthly installments and to choose the time frame for the loan is at the borrower’s discretion.

    The following services make the tenant loans an easy option to decide upon.

    To apply for the tenant loans the creditors generally want borrowers to produce a few documents that are essential for the approval of the loans. The documents include:

    • Age proof of the borrower
    • Income proof of the borrower
    • Proof to ascertain the nationality
    • In case of a secured loan, the documents conforming the owning of the asset.
    • In case of people with bad credit history, the statement of credit scores and other relative documents.

    After all these documents have been submitted, the borrower can apply for the tenant loans by the means that he has chosen. The loan generally gets approved in a few working days.

    Some House Renting Tips You Need To Consider

    If you are considering renting a house, you need to know a few house renting tips. When you are looking around for a house, you want to consider the location, what needs to be done outside the house as far as lawn care and the over all size of the house. If you only need two bedrooms, you do not want to rent a house with three or four bedrooms. This will not only be a waste of space, but will cost more on utility bills.

    For someone with children, you might have to consider the yard size and how much space you will need for the children to play. Will you need a fenced in yard or some type of storage shed to store the children’s toy? If you have pets, you want to find a place were you can have a pet and a yard might be necessary to put your pet outside to relieve themselves. The yard is always a consideration when you have children or pets.

    For children, you will want to know if you can erect a swing set or a small child’s pool. The reason to find out this information is that these two pieces of equipment can ruin the grass surrounding the area. Property owners may say yes with conditions that you fix the area and plant grass after you leave the property. They may also just charge you an extra fee to repair the area when you leave.

    Usually when house renting, the yard work becomes your responsibility. You will need to consider the size of the yard, the work needed to be done and then you need the necessary equipment to care for the yard. House renting means a little more freedom than renting an apartment, but along with that does come more responsibility. You are going to need a lawn mower, a weed whacker and some shovels or a snow blower if the area has a snowy winter.

    House renting uses more gas and electricity than what an apartment does, therefore, you need to consider the utilities into your budget. You will also have a water bill along with any other bills associated with house renting. Always make sure you examine all the pros and cons of renting a house before making a final decision. If you have the slightest doubt about anything, you should ask questions and if you do not like the answer that may be your clue that the property is not suited for you or your family and it is time to walk away.

    Sometimes renting a house that is larger than you are used to can become frustrating. There is more rooms to clean, windows to wash and more yard work to take care of. However, renting a larger home can be rewarding since everyone has his or her own space. You also might have to consider television hookups and phone hookups. If the house is larger, you may need more televisions and phones to make everyone happy.

    Take Hassle Free Finance at Instant Bad Credit Tenant Loan

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    Instant bad credit tenant loan is especially tailored for borrowers like tenants who own no property to avail loan against and are labeled also as bad credit. The loan is available at comparatively lower interest rate; hassle free and at friendly terms and conditions. The article deals with different aspects of the loan availing.

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    Any borrower in this age of rising consumerism may come under the label of bad credit. Taking a fresh loan becomes a tough uphill task for these people with most of them being tenants who do not own property to take loan against at better terms and conditions. These borrowers now can have a shy of relief in instant bad credit tenant loan. Lenders offer instant bad credit tenant loan hassle free and at comparatively lower interest rate with friendly terms-conditions.

    Tenants are at liberty to utilize instant bad credit tenant loan for whatever purpose such as buying a car, paying for medical or education bills, going to a holiday trip or even clearing previous debts.

    Since it is especially designed for tenants, no collateral is required to be offered to the lender as security for availing instant bad credit tenant loan. Instead, tenants should present before the lender documents as proof of regular income or financial position revealing their repaying capacity. Bank account of tenants also serves purpose of assuring the lender about security of the loan. Once the lender is convinced instant bad credit tenant loan becomes easier and approved quickly.

    Though, obviously the loan is meant especially for tenants having bad credit, still if an improvement towards credit score is seen to the lenders, instant bad credit tenant loan is approved quickly. Bad credit means tenant has credit score of 580 or below on FICO scale ranging from 300 to 850. An improvement in credit score can be achieved if easy previous debts are cleared off. Better credit score impresses lenders that tenant is making serious efforts towards paying off debts.

    Another way for availing instant bad credit tenant loan is applying online. Loan market is growing rapidly and so is competition amongst lenders. So to grab customers, online lenders approve tenants’ loan application in no time provided tenants apply well prepared.

    Lenders usually provide smaller loan amount under instant bad credit tenant loan. In case of tenants needing greater loan, they must show proof of their sound financial standing or higher income. Being unsecured, the loan has higher interest rate attached to it. But again, interest rate can be reduced for deserving tenants having higher steady income. The loan is offered for a smaller repayment term of say 3 to 15 years. Tenants usually do not require greater loan and hence they can pay off the loan in shorter duration.

    Instant bad credit tenant loan may rejuvenate financial health of tenants and their credit score also improves. The loan is approved instantly once it is applied for. Tenants should go well prepared for the loan to take maximum benefits.

    Tax Time Tips For Rental Property Investors

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    While owning a rental property can be a terrific way to bring in income, those extra pounds can make things complicated when it comes to preparing a tax return.

    Tax Time Tips For Rental Property Investors

    While owning a rental property can be a terrific way to bring in income, those extra pounds can make things complicated when it comes to preparing a tax return.

    Fortunately for the 15 million people who own rental properties in the U.S., there are ways to make tax season a little more manageable:

    • Store your receipts, bills and statements during the year. This will make it much easier to locate and organize them at tax time. Create an envelope or folder for each property, and put all of your receipts in there during the year. Do the same for regular bills such as the mortgage, property taxes, insurance, utilities, etc.

    • Keep good rental payment records. You probably get a lot of checks-and even cash-from your tenants during the year. It can be really hard to figure out at tax time if you don’t stay organized during the year.

    • Know what property each check comes from. You can record this with your bank deposits in your checkbook or a spreadsheet or rental property software.

    • Use rental property software like Quicken Rental Property Manager 2.0, designed for people who own up to 10 properties and 25 total units. It makes it easier to file taxes and manage rental property income and expenses. This can help eliminate hours at the end of the year preparing for that Schedule E. Using the software, you can simply print the tax report and transfer the data to the form, give it to your accountant, or export data directly to tax preparation software like TurboTax.

    • Separate security deposits from rent payments. Security deposits are not considered income if you intend to return them to the tenant, so make sure these deposits are separated from rent payments.

    • Flag expense receipts. Some expenses are hard to classify properly for the IRS. When you replace the faucet in the bathroom, is that considered a repair or a capital improvement? It makes a big difference to Uncle Sam because 100 percent of repairs can be deducted this year, but capital improvements must be deducted over time. When you’re not sure, flag those receipts so you can later discuss them with your accountant. Keep them in a separate place or flag them in your expense journal.

    • Lastly, don’t forget the mileage deduction. You probably rack up a lot of miles driving to and from your properties and those trips to the hardware store. It can be tedious to keep track of the mileage, but it really pays off since the IRS allows you to deduct about 45 cents/mile. To make it easier, use an Internet map ser-vice such as MapQuest to look up the mileage for common trips-like between your home and each property.

    Tax Benefits Available through Investing in Rental Property

    Much of the country recently has experienced a weakening in the local real estate market. If that is the case in your local area, now may be an excellent time to make the decision to invest in rental property. Investment real estate provides exceptional tax benefits which can a good deal, a great deal. If you already own a home you may be quite familiar with many of the tax benefits offered by owning rental property. For example, by using a mortgage to purchase rental property you very well may be able to write off your interest payments on your taxes.

    In addition, you can tape into tax benefits which you may not already be aware of. Many rental property owners find that they can deduct a great many of the expenses incurred in the maintenance of the property. This includes such as items are repairs, utilities and insurance as well as much more. In the event you make the decision to hire a rental agent or a property manager, you will also have the benefit of writing off any fees paid for those services as well.

    Depreciation deductions can also frequently be written off. In fact, depreciation is frequently one of the best tools available to owners of rental property due to the fact that it provides you with the opportunity to essentially write off the largest expense associated with owning and operating rental property-the price for the property itself excluding the land. It should be noted that depreciation does take place over a period of time. For residential rental property the time schedule is
    27 ½ years while commercial property is depreciated over a period of 39 years. This means that if you paid £150,000 for a rental property (less the value of the land), the annual depreciation would be approximately £5,000.

    You can also frequently include property improvements in your cost basis and depreciate them over time as well. Repairs can typically be deducted during the year in which they occurred. Not sure whether something classifies as an improvement or repair? Keep in mind that improvements will add to the property’s value and prolong the life of the property while a repair is intended to keep the property in good condition. It is also important to remember; however, that landlords are not able to assign a value to their own labor and then deduct the cost of it.

    Many landlords are also able to deduct the cost of travel, whether it is driving or flying. In the event the travel is not local, you also have the advantage of being able to deduct such costs as hotel bills, airfare and part of the costs of meals.

    If you choose to operate a home office in order to manage your rental property, you may also be able to deduct specific expenses such as part of your homeowner’s insurance, utilities and home mortgage interest. In order to qualify for this tax benefit, the space assigned as your home office must serve as the primary place of business where you handle matters regarding the operation of your rental property. In essence, the home office area must be used exclusively for business and not for any other purpose. You do not necessarily have to assign an entire room as your home office; however, as long as you can assign a part of the room that is definable as your home office.

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    What Entails with a Tenant Relocation Service Company

    Many times when people move, they feel the need of using a relocation service. Most often, the people use the service because it will save them time and energy from doing all the hard work themselves.

    What many people don’t realize is that there are many different kinds of relocations service companies. In fact, one of the newest and more popular types of relocation service is a tenant relocation service. A tenant relocation service is a service that you may get when you are about to move in or out of an apartment or house; which ever is owned by a landlord. Many times people will use the tenant relocation service if they live in a big city or if they are pressed for time. However, some people use the tenant relocation service because it is easier for them; they don’t have to deal with the mess of packing and boxing everything up!!

    When a landlord rents out his or her property for rent, they may have in the rental agreement that a tenant relocation service is free. However, no all landlords will have that in the agreement. For many people, a tenant relocation service costs a lot of money; so many times they will have a stipulation that the relocation service is for only if you move in the same town or a certain amount of miles.

    Other than just packing and unpacking a person’s items, some tenant relocation service will include setting up the all the appliances to the furniture. However, that is one thing that you will have to check with the company that you choose. Many times if the tenant relocation service does not come with the setting up of the furniture and appliances, you may have it added for a few more pounds.

    One thing that is great about having a tenant relocation service is that in most cases, you the tenant, will be able to choose which relocation service it is that you want to use. In most cases, it would not hurt to look around at all the available companies. Many times because they sound good, does not mean that they are. In fact, the best thing that you can do for yourself and your possessions is to interview some of the surrounding companies; that way you can find out which ones seem to be the best and will take care of your things. Many times people will go on the internet to look for some relocation service companies, if they can’t find any in their area. Also, they can interview the companies through email, rather than trying to get a hold of them over the phone! If you cannot choose a company of your choice, you can either hope that your things make it in one piece, or you can hire a company that you trust!

    Just because there are many tenant relocation service companies around, does not mean that they are what you need. In fact, many people will opt on having a relocation service because they either don’t trust them, or that they want to do the packing themselves.

    Tenant loans… An Unbelievable Opportunity… For Tenants Only!!

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    Tenant loans are mainly unsecured loans. To avail these loans, tenants need not to pledge any security. By fulfilling some pre requisite criteria, a tenant can easily avail these loans.

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    Good news for tenants! Now they can also access to loans market easily, as these days tenant loans are also available. For tenants, applying for a secured loan is not so easy. Since they do not possess any property thus they cannot use any thing as collateral against a secured loan. In such cases, tenant loan can be appropriate for them to finance their dreams.

    As a sort of unsecured loans, tenant loans are available without any collateral. Thus a tenant easily can avail these loans. But the borrower’s credit history and repayment capacity will be judged by the lender at the time of offering tenant loans.

    But for availing a tenant loan, borrowers have to fulfill the following criteria:

    Fulltime employment

    A direct debt card acceptance facility should be attached with borrowers’ bank account.

    Presence of identification and residential proof.

    And contact number- mobile or landline.

    With tenant loans, a borrower can borrow anything from £1,000 to £50,000 along with a flexible repayment period of 1 to 25 years. Here, the reader should be aware that due to the absence of security, lenders charge high interest rate with tenant loans. But one can make the interest rate in his favor by negotiating. Even, if the borrower’s credit history is good then he can avail these loans at flexible rate of interest.

    Tenant loans can be used for various purposes like:

    For consolidating debts

    Investing for property(own house or other real estate)

    Making a holiday trip

    Repairing credit score

    Wedding purposes

    Buying new car and many more…

    Seeming profitable…isn’t it? But do remember that you will have to submit three years accommodation and address details and three years employment history along with a tenant loan application. Thus, if you change your abode or job recently, then you may have to face some hurdle at the time of availing a tenant loan.

    At the same time, individuals are advised to check their repayment capacity at the time of availing a tenant loan. Still, the risk of collateral repossession is not attached with these loans, but in case of failing to repay the amount, lenders can jeopardize borrowers life by taking some legal steps.

    Tenant loans are available for all sorts of tenants- council tenants, housing association tenants, MOD tenants, private landlord tenants, living with parents, housing executive tenant etc. These loans are providing them a chance to shape their dream and set it in the realm of reality.

    Tenant Loans – The Beginner’s Guide

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    If you are a tenant or live at home with your family then you may already have experienced some problems when it comes to taking out a loan. Many of the great rates and deals that you see advertised are, quite literally, of no use to you at all as they may well be reserved for home/property owners. So, you can apply for them just to be turned down because you aren’t a home owner or you might be given higher rates of interest than those advertised.

    But, this is no reason to…

    tenant loans

    If you are a tenant or live at home with your family then you may already have experienced some problems when it comes to taking out a loan. Many of the great rates and deals that you see advertised are, quite literally, of no use to you at all as they may well be reserved for home/property owners. So, you can apply for them just to be turned down because you aren’t a home owner or you might be given higher rates of interest than those advertised.

    But, this is no reason to think that you can’t find a loan to suit you and your budget – tenant loans may well be the perfect solution for your borrowing needs. As you might expect tenant loans are loans that are specially designed to serve the needs of tenants when they need to take out a loan.

    So, you don’t need to be a property owner to get a tenant loans and you don’t need any form of security. All you need to do is to be willing to have the lender you approach check on your current finances and your past track record. Although, some tenant loans companies will even offer loans that don’t need these financial checks – these may be a little more expensive, however.

    You can take out tenant loans from various sources. In the past many big name lenders didn’t used to like giving out loans to non property owners but the sector is a lot different nowadays. So, you can approach a big name bank or building society, for example, or you can simply approach a tenant loans specialist.

    A lot of tenants do actually prefer to use a lender that only specialises in tenant loans nowadays. It can sometimes simply be quicker and easier to go down this path. And, many specialist tenant loans lenders will offer better rates of interest on the loans they give out because they have a better understanding of the sector that they specialise in as a whole.

    Whether you approach a general lender or a specialist one for tenant loans you do need to make sure that you shop around for the best deal before you choose the loan that is right for you. There are hundreds of tenant loans on the sector right now and some of them really are a lot cheaper than others – especially if you can find them on the Internet – so do look for the one that will cost you as little as possible.

    Tenant Loans: There’s something for everyone

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    Tenant Loans are basically Unsecured Loans that cater to the financial needs of those who do not have their own houses – non homeowners. This loan is also good for council tenants and people living with their parents. Since a Tenant Loan is unsecured, the interest rates on such loans are kept a bit higher than secured loans. The monthly installments are bigger and the repayment period is also shorter.

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    Thinking of buying your dream car? Have to pay for your education? Considering home improvements? Desperately need that get-away trip? But life’s daily chores and a minimal bank balance pulls you back? It’s at times like these, when faced with a severe financial crunch, that most of us consider taking loans to help us out of these situations. The loans that first come to mind are the various kinds of secured loans because of their low interest rates and easy availability, which are the most important factors to consider when taking a loan. But what about you students, tenants and other non homeowners who don’t have a lot to offer as collateral? Well, here is what you’ve been looking for. It’s called a “Tenant Loan.”

    Tenant Loans are nothing but unsecured loans that can fund the financial needs of non homeowners. They are ideal solutions for tenants, students, PG’s and other non homeowners who have no security or collateral to offer. Tenant Loans are very similar to Unsecured Personal Loans. Just like any other unsecured loan, Tenant Loans too, come with high interest rates simple because they fail to provide the lender with any security regarding repayment. Because of the absence of collateral, they also have larger monthly instalments and shorter loan terms. Besides, for the obvious reasons, any lender offering Tenant Loans will make certain he keeps a strict vigil on your repayments.

    Tenant Loans can be used for any purpose. They can fund your education, pay for your marriage, help in home improvements or pay for your vacation. In case you are facing the problem of paying many monthly instalments for different loans taken by you in the past, you can take a Tenant Loan and use it for Debt Consolidation too. This will save you from the hassles of paying umpteen instalments to umpteen lenders and with Tenant Loans you will end up making only one single monthly payment to a single lender.

    Advantages of a Tenant Loans:
    • The best thing about a tenant loan is that you don’t have to put any property at risk. Most people who put up their home as collateral face repossession in case of inability to repay the loan.
    • Tenant Loans save your precious time in the process of procurement, as you don’t have to go for the valuation of property. As a result you are saved from a lot of paper work.
    • Tenant Loans are also available for people with bad credit histories, although the approval process is not a piece of cake.
    • Tenant Loans, in short, are a boon for all non homeowners like council tenants, students, etc.

    Inspite of the many advantages tenant loans have to offer, Tenant Loans are a little difficult to obtain. This problem arises because of the low security or absence of collateral. For this reason, lenders need to check the repayment ability of borrowers before giving them a Tenant Loan. Your credit history and income proof play a very important role in the approval process. This is the main criterion that helps you in getting your Tenant Loan. However, bad credit cannot stop you from getting a Tenant Loan.

    However, before applying for a Tenant Loan, there are also some disadvantages to consider:

    Disadvantages of Tenant Loans:
    • Tenant Loans come with high interest rates because of the absence of collateral or any security.
    • The loan terms of Tenant Loans are very short to facilitate repayment as quickly as possible.
    • Tenant Loans grant only small loan amounts for the same reasons.

    Since availing Tenant Loans is of least risk, more and more people are opening their eyes to such concepts. There are a number of finance companies who provide such services to get a loan. With the requirement for Tenant Loans ever on the increase, the means for providing them are also catching up. Tenant Loans are also available with an online option. So, if you are a non homeowner and you need loan, it’s the right time to go get a Tenant Loan.

    Tenant loans- tenants only resort

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    When tenants face financial needs, who do they look at for financial support? It is UK tenant loan that offers the necessary finance for the tenants at these times. This article deals with the what and how of tenant loans. It has also described the advantages and disadvantages that tenants generally face while drawing tenant loans.

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    As if the problems of tenancies were not enough that loan providers too have started treating tenants in a step motherly fashion. Such is the indifference of loan providers that it appears as though loan opportunities are all shut for the tenants. Since they do not have a home of their own, tenants are often eyed with suspicion. What if the tenant runs away after borrowing? Legal procedure sure offers a relief but it is often too protracted.

    However, not all loan providers view tenants in a similar fashion. It is these lenders who offer loans to tenant. Tenants are the people who do not have a home of their own. People who have been living till date in their parents’ home too count as tenants, unless parents are ready to allow the usage of their home as collateral. A loan to serve the tenants is known as tenant loan in the UK.

    UK tenant loan is basically an unsecured loan where the borrower does not have to offer any collateral to the loan provider. Take any secured loan and the clause of collateral will always come along. Whether it is the home of the borrower or any other asset which serves as a collateral, there is always the fear of the collateral being taken away permanently by the loan provider. How else do you think the loan provider will recover his loan? UK tenant loan is free of any such fears as there is no collateral.

    One more advantage of tenant loan, which extends to unsecured loans in general, is that they are relatively faster in getting approved. With no collateral to value, the loan providers can save significant time during approval. Compare this with a secured loan against home and we find that the valuation of home takes as much time as the other processes taken together. Thus, if you are taking a tenant loan in the UK, you can hope to receive loan proceeds much faster than your counterpart who has taken a secured loan.

    Compared to the earlier times, the number of lenders with loans for tenants in the UK has increased. The lenders have realised that by taking a moderate risk they can increase their customer base.

    UK tenant loans are awarded for sums ranging up to ₤25000. Tenants thus may not qualify for a large amount as in a secured loan. This constitutes one of the tactics to reduce the risk involved in the process of offering tenant loans. Tenant loans can not be used for tasks which have a larger cash requirement. Making small improvements in home and debt consolidation are the purposes which can best be undertaken through a tenant loan.

    Additionally, the interest rate on the UK tenant loan will be very high. As most of us know that rate of interest is heavily dependant on the amount of risk involved in a particular loan deal. We discussed in the very beginning of the low credibility of tenants. This implies that the tenants expose loan providers to greater risk. Thus, tenants have to pay a higher rate of interest. The borrowers can escape interest rate fluctuations by using the several options that come on interest. Rate locks, capped rate, discounted rate etc form some of the interest options to lessen the bitterness of high interest rates.

    Having a bad credit history will not be accepted with ease in UK tenant loans. Credit history is the only instrument through which borrowers can trust borrowers. When credit history is tarnished, they will find it very difficult to make the lending decision. Credit deformities may have been ignored had there been sufficient collateral. Does this mean that tenants with bad credit history have to return empty-handed? They would have to return thus had it not been for a few loan providers who are ready to lend with this much risk.

    Tenants must be good researchers for finding good deals in UK tenant loans. There is no shortage of loan providers who try to take benefit of the problem of the tenants. They will often increase unreasonably the rate of interest or will include too many of the hidden charges. Borrowers who are able to surpass these lenders are the ones who find the best deals in UK tenant loans.

    Tenant Loans-No More Torn Pockets

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    Through tenant loans you can get loans to meet your personal expenses. The loan amount availed can be used according to your wish as you need not explain to the lender about the usage of the loan amount. The luxuries involved in these loans are very large so you can feel free to attain tenant loans. You can get these loans online so it’s very easy

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    Introduction:
    To lead a happy life is the main aim for everyone in this world. For this they will be having a planned monthly budget and they will be maintained it nearly perfectly. But in this fast moving world it’s a bit tough task maintaining the entire family budget easily without any ups and downs. If some ups and downs occur in your monthly budget the first idea that comes in your mind is taking a debt to tackle those problems. But being a tenant it is little bit tough getting debts. For tenants there are specially designed loans called as tenant loans.

    Main features:
    As you are a tenant, you will not be having an own home to keep as a collateral against the loans from lender. In these cases you can go to the help of tenant loans, which are specially designed to help tenants. In these loans you can get money in huge amounts. The interest rate for these loans will be also very low so you need not get tensed about it. These loans are available online with a variety of schemes.

    Types:
    In tenant loans that come to help you in cases of financial crisis, there are two types of loans available.
    1) unsecured loans for tenants.
    2) Secured loans.
    In unsecured loans for tenants, you need not submit any collateral to the lender for getting loans. All you need to do is to prove to the lender that you will be able to pay the rate of interest in time and the loan amount that the lender provides will be secure.
    In secured loans for tenant, you need to submit some collateral some collateral to the lender. The collateral can be any of your personal assets like own car, own land area, jewelries, etc. In these loans the loan amount depends on the equity of the collateral. The repayment term will be 2 to 3 years.

    Through tenant loans you can get loans to meet your personal expenses. The loan amount availed can be used according to your wish as you need not explain to the lender about the usage of the loan amount. The luxuries involved in these loans are very large so you can feel free to attain tenant loans. You can get these loans online so it’s very easy

    Tenant Quality Affects Real Estate Value

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    When valuers assess the value of your commercial real estate investment, one of the factors they consider is the quality of tenant. There’s a surprising difference between strong tenants and weaker tenants. This can make a substantial difference (tens or even hundreds of thousands of pounds) to the value of your property. By careful selection of tenant, you can dramatically increase your wealth.

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    I was looking through one of my Valuation Reports the other day, and found a nice quote which demonstrates how valuers evaluate commercial real estate.

    “Well located suburban properties, securely leased to national tenants, with modern building improvements, represent prime property investments and sell on yields of between 6.5% and 8.0%…

    Properties that do not possess all of these attributes but have reasonable lease covenants of say 5 years, are selling on returns of 8.5% to 9.5%, depending upon location and building quality.”

    Now, your mileage will vary – the numbers themselves will change from region to region. But the key is this: a better quality tenant will give you a more valuable property.

    You see, it’s all about risk.

    With a big, national company, your tenant has a strong financial backing, which means you can have a lot of confidence in your income.

    With a smaller tenant, no matter how well-intentioned or business-smart they are, there is inherently more risk. One big lawsuit, one marital split, one fraudulent employee, or some unexpected occurrence, and their business (consequently, your income) is under threat.

    People are willing to pay more for a lower risk.

    Back to my valuation report. The valuer went on to value my property using a capitalization rate of 8.75%. This reflected the fact that my property had a single, independent operator.

    Now, I’ve got a chance to re-lease the building, and I’m going after a national tenant.

    Let’s say my property brings in £50,000 per year in rent. Assuming the valuer chooses the mid-point of the respective ranges, here’s the math:

    With a lower-quality tenant, my property gets valued with a capitalization rate of 9%, giving it a value of £556,000.

    With a national tenant, my property gets valued with a capitalization rate of 7.25%, giving it a value of £690,000.

    So, switching from a standard, independent tenant, to a strong national tenant will make me £134,000. Even if the rent doesn’t change at all. That’s a massive difference! Makes it worth acquiring a good tenant, doesn’t it?

    Some people are surprised by this. It’s the same land. It’s the same building. Surely the value can’t just change like that? What you have to remember is that a potential buyer doesn’t just buy the land and building. They also acquire the tenant and the lease. That’s why the value can change so significantly overnight.

    Tenant Quality Affects Property Value!

    Tenant with Bad Credit History? You Can Also Avail Loans…

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    Generally, the tenant those have bad credit history think that they cannot apply for any loan, as their credit score is poor. Bad credit tenant loans are customized to meet their need that are easily available and the best option for recovering credit history.

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    Are you a tenant with poor credit score?

    Do you want to improve it? Then bad credit tenant loans are the apt one for you that will help you to mitigate your poor credit score. Now with bad credit tenant loans you can recover your credit score without any hassle.

    In this context, the reader needs to know that what a credit score is and when it will be decided as poor credit score. Normally, credit score or FICO is the fiscal assessment of borrowers’ credit history. It is ranged from 300-850. According to this measurement, it is decided that a credit score is good or not. If anyone’s credit score is 580 or below it, then it is judged as poor credit score. There are many reasons for poor credit score, like CCJ, arrear, bankruptcy, default, late payment etc.

    It is necessary for all borrowers to check their credit score before applying for a bad credit tenant loan. Every borrower should be aware of what his credit score is. In such cases he also can take help of different credit rating agencies, such as Experian, Equifax, Transunion…

    There are various aspects of these loans that are really advantageous for a bad credit tenant. These are as follows:
    • No collateral is required to avail these loans.
    • Application process of these loans is swift and simple.
    • There is no risk of collateral repossession as these loans are unsecured loans
    • These loans are offered with an attractive package of £1000 to £50,000. Though, the borrower’s income does matter at the time of deciding the loan amount.
    • Repayment period is also flexible, decided anything between 5-25 years.
    • No upfront fee is charged.
    • All time available

    However, all sorts of tenants- council tenants, housing association tenants, MOD tenants, private landlord tenants, living with parents, housing executive tenant are able to apply for a bad credit tenant loan. But a borrower must have to meet some prerequisite criteria at the time of availing the loan. These are as follows:
    • The borrower should be a full time employee
    • He must have an identification and residential proof
    • He must have a contact number as well.

    It is a common belief among the tenant with bad credit score that they cannot apply for a loan due to their poor credit score. But bad credit tenant loans are giving them an opportunity to improve their credit score. Moreover, besides credit improving one can use these loans for other purposes too.

    Tenant with Bad Credit Score? Here is the Best Loan Option for You

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    Bad credit tenant loans are the loans that are offered without any collateral. These loans are benediction for all the tenants have bad credit score. Apart from credit repairing, one can use these loans for fulfilling other desires.

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    Are you a tenant with bad credit score?

    Thinking you cannot avail a loan due to poor credit score?

    It is a common belief among bad credit tagged tenants that they cannot opt for any sort of loans due to their bad credit score. Now you can solve this problem very easily with bad credit tenant loans that are especially customized for tenants who are affected with bad credit score.

    What is credit score? And when it is considered as bad credit score? You may be doubtful about this question. So, first understand about it. Generally, credit score or FICO is the financial estimation of borrowers which is ranged from 300-850. This measurement acts as a yardstick to judge borrowers’ credit scores. If your credit score is 500 or below it, then it is considered as bad credit score. So, before going for a bad credit tenant loan, check what your credit score is. In that case you can take help of various credit rating agencies like Experian, Equifax, Trans Union etc.

    Bad credit tenant loans are offering tenants a chance to repair their credit score and erase their bad credit tag.

    How bad credit tenant loans can be advantageous for you? Answer is as follows:

    •These loans are available for all sorts of borrowers

    •Easily approved as no collateral is required for it

    •No risk of losing property as this loan is a sort of unsecured loan.

    •Avail cash from £1000 to £50,000 but mainly it is decided on borrowers’ income.

    •Flexible repayment period varied from 5 to 25 years is available.

    •Free from all upfront fess

    •Available at 24*7

    •Besides traditional lenders, these loans are available over the internet also.

    Not only improving bad credit score, but a tenant can use a bad credit tenant loan for other purposes as well, such as, funding for home, expanding business, pursuing higher study and so on. However, all sorts of tenants like council tenants, housing association tenants, MOD tenants, private landlord tenants, living with parents, housing executive tenant can be benefited with these loans. Though, everybody has to fulfill some pre requisite criteria before availing a bad credit tenant loan, like full time employment, identification and residential proof, contact number etc.

    At last, it can be said that bad credit tenant loans are the benediction for all sorts of bad credit borrowers. People with poor credit rating, CCJ’s , Arrears, late payment, defaults all can apply for these loans. And furthermore, as no collateral is required with these loans, thus a tenant can easily repair his credit history in a risk-free way.

    Lease Purchasing affords the tenant/buyer a wonderful opportunity to get into a home today, that he or she can buy tomorrow. But what options are available at the end of the contract? Fortunately, Lease Purchasing provides multiple options here also.

    Imagine having lived in a nice house in a good neighborhood for a number of years. Now comes decision time. Let’s examine the options you have.

    First, you can exercise the option and buy the house. You’ve already negotiated the terms of the sale, so you know what you’ll be paying for the property. But, you may also have an option within this option. Let’s say the housing market in your area has softened and the home is worth less than when you contracted for it. Don’t you think the seller may be willing to re-negotiate the terms of the deal rather than get the house back. There’s a good chance he will. To re-cap, you can exercise the option or re-negotiate.

    Your second choice is to not exercise the option. In this case, you’ve rented a nice house for a number of years and had great terms for that length of time. Here comes another big but, if you’ve had a good record of payments with the seller, and you would like to stay in the house, possibly the seller would consider turning your contract into a straight rental.

    A third option has the potential to be a profit maker for you, the tenant/buyer. The end of the contract period is approaching and for whatever reason, you don’t want to buy the house. What do you do? Well, if the real estate market in your area has been strong, why not sell the house and make a profit on the deal.

    What you say, how can I sell a house I don’t own? It’s simple. You exercise what is called a simultaneous close.

    Remember, you have an option to buy this house at a set price, if it has appreciated over the length of the contract, you can sell it to a third party for a price greater than your option price. You pocket the difference. Instant profit!

    Well, there you have it. Options, options, and options within options. As you can see, Lease Purchasing provides the tenant/buyer with the flexibility to be a “smart renter”. No longer do you have to throw your monthly payment down a black hole. Make the best use of your money, rather than letting your landlord use it for his new car payment.

    Only the wonderful niche of Lease Purchasing can give you so many choices. Don’t ya just love it!

    For additional information on this topic, see How To Live In Your Dream Home Today And Buy It Tomorrow! Without Mortgages, Real Estate Agents Or Credit! at http://www.homebusinesssolutions.com/products/lpbuyerman.htm

    Tenants, End Your Hunt For Loan: Unsecured Tenant Loan

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    Unsecured tenant loan is designed especially for the people who face problem in applying for loan just because of they do not own any property. This is good option for non-homeowners but they should take care of their financial ability to pay back such loan. If you want to know more about such loans read this article.

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    Being a tenant, I was facing a problem in availing the loan. I have always been refused loans by various lenders only for a reason that I didn’t have my own property. Unsecured tenant loan showed a faith on me. It is a kind of blessing for me, other tenants and the people who are facing problem in availing loan just because of the reason for not owing a property.

    Now taking a loan is no longer a dream. Unsecured tenant loan enables us to get loan though we are not a property owner. Unsecured tenant loan is just a form of unsecured personal loan. Nowadays the market is full of lenders who provide unsecured tenant loan at your convenience and that suits your budget.

    Unsecured tenant loan are sanctioned and approved quickly as they do not involve any asset valuation. The person to avail unsecured tenant loan has to furnish some details such as his identification, proof of residency and his source of income to the lender.

    Apart from all banks and building institution, the online lenders also provide this loan. Online lenders just ask you for certain details in the application form and if they find you eligible for the loan, they get back to you within few hours. In addition to speedy applications of online tenant loans, one of the benefits is that the borrower can apply for loan from the home itself and at anytime. Now almost every lender uses electronic fund transfer, so the borrower can receive the money within few hours of getting loan approved.

    Unsecured tenant loan are much safer than any other loan as your property is not involved. The person can use the unsecured tenant loan for consolidation of his debts, for his home improvements, financing his car and paying off its previous debts or any purpose.

    The people with bad credit history, such as with arrears, bankruptcy can also apply for such loans without any hassle. But the person should always remember that the good credit history is always a positive score in availing a loan. The good credit score helps the person to borrow on easy terms.

    One of the shortcomings of such loans is that the interest rate is charged higher than any other secured loan. As the borrower is borrowing money without collateral, to compensate the risk, he charges higher rate of interest. As no property is involved, the borrower should not think that the lender could not liquidate his asset when he misses any of his payments. It is correct that he cannot liquidate the asset but he has the right to take the borrower to the court in case of any miss payment. Therefore, the person should consider his ability to pay back before going for a loan.

    When it comes to kitchen remodeling, we often associate kitchen remodeling with homeowners. This is because as a homeowner, you have the right to decide whether or not you want your kitchen to be remodeled. If you are a tenant, otherwise known as an apartment renter, you may not have this same freedom; however, that doesn’t necessarily mean that you can’t get your wish.

    If you are renting an apartment and you would like to have your kitchen remodeled, you will need to speak to your landlord. Since it would likely be your landlord’s responsibility to pay for the remodeling, you will need to have a good reason as to why you are requesting that your kitchen be remodeled. Chances are that not liking the way that it looks will not be a good enough reason. One reason that may be good enough is if your kitchen is in poor shape. For instance, if your cupboard doors are not working, if the lights are not as bright as they should be, or if your kitchen floor has broken tiles, your landlord may be more willing to do a little bit of remodeling. While the remodeling may not be a huge project, it just may be enough to get you what you wanted.

    As previously mentioned, your landlord will likely be the one who will pay for the kitchen remodeling, if it does occur, at least, he or she should be the one who pays for it. In fact, you are advised against paying for any kitchen remodeling yourself. The only exception may be if you are involved in a rent to own contract, but, otherwise, just say no. Unfortunately, you may find that no isn’t always enough. There are a number of landlords out there who will try and take advantage of their tenants, by making them pay for their own repairs or remodeling. Since you do not own the apartment that you are renting, you will not want to pay for the repairs yourself. There is no good in letting your landlord benefit from your hard work and hard earned money.

    Although you are advised not to pay for the kitchen repairs or remodeling yourself, you may want to do them; however, you shouldn’t have to do them for free. If you have some home improvement experience, it may be a good idea to suggest to your landlord that you do the repairs, for a small fee. In fact, you may even want to ask your landlord to deduct the money from your rent. Of course, you will want your landlord to buy all of the supplies and tools that are needed for kitchen remodeling, but you could all benefit from you doing the repairs yourself. You should get a deduction in rent and your landlord should be able to save him or herself some money.

    If you would like to have your apartment or rented home’s kitchen remodeled, you should ask. The worst that could happen is that your landlord would say no. However, with the possibility of an increased building value and discounted labor, if you do the remodeling yourself, there is a good chance that your landlord may okay a kitchen remodeling project. Even if you do not plan on spending the rest of your life in that apartment, you could easily enjoy your newly remodeled kitchen for as long as it lasts.

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    The Apartment Leasing Agreement Protects You When Renting

    The apartment leasing agreement protects you when renting a home or an apartment. The agreement drawn up by the property owner not only protects the owner, but it does protect you. If you have an apartment leasing agreement, what you can do and what you cannot do are outline in the lease. If there are areas that need more clarification do not sight the agreement until the sections are clarified so you understand them completely.

    In the apartment leasing agreement, the rent due date as well as the penalties for late rent and failure to pay rent are very important to look closely at before signing. Normally, you are given a five-day grace period for paying the rent before any late fees are accumulated. At this time, the property owner can issue additional fees or a five-day pay or vacate order. You cannot fight this common practice. If you sign the apartment leasing agreement, you are aware of the outcome if you fail to pay the rent.

    The apartment leasing agreement should also include a check in and check out section. This is where you and the property owner do a walk through to examine the condition of the property. If you notice anything not on the list, it should be added for your protection. This part of the leasing agreement is vital when renting an apartment as well as a home, commercial property or a mobile home. Everything should be noted even the condition of the attic, basement and living quarters. If you forget something and sign the lease, you can be held responsible for the problem that was forgotten on the agreement.

    One you have done a walk through and have everything documented, you may even want to do a walk through with a camera or a video camera and send it to yourself. This envelope will have a postmark that will verify the date and condition of the apartment when you moved into it. It may be wise to send one to the property owner as well, so there are no misunderstandings. Anything you see that might present a problem with you living there should be reported to the property owner right away. If something needs fixing, see that this is done before you move into the rental or very soon after to keep good communications between the two of you.

    Do not always count on the property owner to be polite if you do not pay the rent on time. If you live in a state with laws against displacing people during the winter months and you stop paying your rent, you might find yourself in court anyway. Some property owners are adamant about the rent and do have lawyers that may find loophole in the law.

    Therefore, do not just stop paying your rent and think you are safe. In today’s society, even utility companies do not shut off your utilities during specified months, they just send it to a collection agency and be done with it.

    For those of you who were not psychology majors the “psyche” is someone’s  mind. What motivates them. What are they thinking. How can you better understand them. All of which is important to those of us in lease purchasing. In fact, it is important to any business person. The ability to know what motivates your customer, how your customer thinks, and tapping into their “psyche” is what makes some businesses successful and why others fail.

    For those of us in lease purchasing when we make our calls we find out what motivates our sellers. We ask pointed questions to determine why they are selling their home. We build rapport with that seller. By the end of our telephone call we have an insight into  what that particular sellers’ wants and needs are.

    Sometimes you need to educate the seller. For those of us in lease purchasing we can explain the various advantages of lease purchasing. The advantages we emphasize will be determined by that particular sellers’ psyche. We can find out what is in a seller’s psyche by how she or he has answered the questions that we have asked them. Their answers to our questions is what gives us a pretty good feel for that seller.

    In general, of course, a seller has a particular mind set. He or she wants to sell their home. They want to get a particular price for it. Their emotions are strong. They have very strong attachments to what they are selling, especially if they have lived there a long time.

    Depending on what their reasons for moving are: divorce, death in the family, birth of a child, job transfer, etc., remember they are going to be feeling certain things. Put yourself in their shoes. How would you feel if you were in their place?

    If you can not get inside the psyche of your seller you are not going to do deals. You must have empathy with the seller. Be a good listener. Ask questions and let the seller talk. This will give you the best insight into   what the seller is thinking and what is motivating them.

    While many of the above points are going to carry over into getting into the tenant buyers psyche there are also other considerations. You have to be able to understand what it is like to have credit problems, possibly a bankruptcy, medical problems, divorce, and a multitude of other bad things that might have happened to that tenant buyer. If you cannot relate to these issues, you will have a problem connecting with the tenant buyer’s psyche.

    Tenant buyers are looking at a dream. You have to feel that dream with them.

    So to truly be successful in business you need to learn about the “psyche” of your customer.

    For those of us in lease purchasing that means the “psyche” of the seller and the tenant buyer.

    If you want to learn more on how to deal with sellers and tenant buyers check out our Lease Purchasing As A Home Based Business Manual at:
    http://www.homebusinesssolutions.com/products/LPHB%20Manual.htm

    The “Psyche” of The Seller and The Tenant Buyer

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    What is in the minds of sellers and tenant buyers, and learning how to read them.

    sellers, tenant buyers, creative real estate, lease purchasing, home based business

    For those of you who were not psychology majors the “psyche” is someone’s mind. What motivates them. What are they thinking. How can you better understand them. All of which is important to those of us in lease purchasing. In fact, it is important to any business person. The ability to know what motivates your customer, how your customer thinks, and tapping into their “psyche” is what makes some businesses successful and why others fail.

    For those of us in lease purchasing when we make our calls we find out what motivates our sellers. We ask pointed questions to determine why they are selling their home. We build rapport with that seller. By the end of our telephone call we have an insight into what that particular sellers’ wants and needs are.

    Sometimes you need to educate the seller. For those of us in lease purchasing we can explain the various advantages of lease purchasing. The advantages we emphasize will be determined by that particular sellers’ psyche. We can find out what is in a seller’s psyche by how she or he has answered the questions that we have asked them. Their answers to our questions is what gives us a pretty good feel for that seller.

    In general, of course, a seller has a particular mind set. He or she wants to sell their home. They want to get a particular price for it. Their emotions are strong. They have very strong attachments to what they are selling, especially if they have lived there a long time. Depending on what their reasons for moving are: divorce, death in the family, birth of a child, job transfer, etc., remember they are going to be feeling certain things. Put yourself in their shoes. How would you feel if you were in their place?

    If you can not get inside the psyche of your seller you are not going to do deals. You must have empathy with the seller. Be a good listener. Ask questions and let the seller talk. This will give you the best insight into what the seller is thinking and what is motivating them.

    While many of the above points are going to carry over into getting into the tenant buyers psyche there are also other considerations. You have to be able to understand what it is like to have credit problems, possibly a bankruptcy, medical problems, divorce, and a multitude of other bad things that might have happened to that tenant buyer. If you cannot relate to these issues, you will have a problem connecting with the tenant buyer’s psyche.

    Tenant buyers are looking at a dream. You have to feel that dream with them.

    So to truly be successful in business you need to learn about the “psyche” of your customer. For those of us in lease purchasing that means the “psyche” of the seller and the tenant buyer. If you want to learn more on how to deal with sellers and tenant buyers check out our webiste at: http://www.rei. homebusinesssolutions.com/

    The 10 Costliest Landlord Mistakes

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    Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation’s ability to reduce mistakes. The cost or repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words, “Mistakes Kill the Profit Margin” As landlord’s, we don’t want to do damage to the precious profit margin we fought so hard to nurture. A landlord’s profit margin struggles every day to survive, grow and flourish in a sea of predators, competitors and government regulators. Below are the top 10 threats to you thriving profit margin.

    Landlord Mistakes, Tenant Screening, landlord profits, rental homes

    Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation’s ability to reduce mistakes. The cost or repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words…”Mistakes Kill the Profit Margin!!!!!”

    As landlord’s, we don’t want to do damage to the precious profit margin we fought so hard to nurture. A landlord’s profit margin struggles every day to survive, grow and flourish in a sea of predators, competitors and government regulators. Below are the top 10 threats to you thriving profit margin.

    1-Poor Screening

    The costliest mistake is accepting a new tenant without properly screening. An undesirable tenant will often have a poor rental and financial histories. Landlords should review previous landlord relations, credit reports, courthouse records and income. It is probable that if they have not met their obligations with previous landlords, then chances are that they will repeat their behavior with new landlords. Many landlords have faced horrific situations where tenants have stopped paying rent while employing legal maneuvering to avoid eviction. Others have faced tenants who moved in and initiated criminal activity, which adversely affected other tenants and neighbors. Either of these scenarios translates into expensive ordeals where the measures of rectifying the situation can threaten the financial stability of the landlord.
    A thorough screening also involves verifying that the person who is applying is the same person that submits credit/criminal info for screening. A picture I.D. should be cross-referenced with the application. Landlords must make sure that there are no omissions, inaccuracies or inconsistency in the actual application. Due diligence will certainly save landlords much money and stress.

    2-Lease Preparation

    Having a poorly prepared lease is very costly because it is the document that legally binds the landlord to the tenant. It is the rules of the relationship that dictate conflict resolution, financial responsibility and terms of execution. With out a professionally prepared lease the landlord stands to forfeit many of the rights afforded to the owners of the property. Landlords need to employ leases that are designed to protect them and their property and not the other way around. Many generic leases do not take into account the values of the landlord. Therefore, a custom lease would assure the landlord that their interests are protected.
    Many times landlords receive requests for agreements after the lease has been signed. Landlords will use their best judgment when deciding to agree to a proposal but must never neglect to put the agreement on paper. A verbal agreement is always vulnerable to a false interpretation by the tenant.

    3-Rent Collections

    Landlords must always enforce the terms of rent payment as it is written in the lease including late payments and fees. If not enforced, the landlord runs the risk of creating a dangerous precedent that will certainly cost the landlord dearly. If a tenant fails to pay rent for two weeks, then legal notices and actions must be initiated as soon as the law allows. Landlords should not accept partial payments. The courts interpret receiving partial payments from tenants as an acceptance of terms by the landlord. The eviction process is subsequently terminated for that rental period while landlord’s costs increase.
    If a tenant has had a poor history of paying rent on time, a landlord should consider not renewing the lease. Being late consistently is a sign of financial trouble and future uncertainty for the landlord. Poor payment habits can be a precursor to bankruptcy or evictions.

    4-Law and Regulation Ignorance

    Many landlords get into rental business with out learning the rules of the game. To get a perspective of the folly of not knowing the rule, Imagine trying to play basketball with out knowledge of the rules. You would become paralyzed from the constant rule infractions. It would be impossible to win. Translated to the rental business: Knowledge of the Laws and regulations can make the difference between a profitable venture and a loser.
    Landlords must familiarize themselves with the states’ Landlord/Tenant Act. Every state has different laws, therefore due diligence must be taken by landlords to educate themselves. Landlords must also take the initiative to draw upon with the experiences of other landlords. Many landlord advocacy groups exist in most communities and the Internet.
    Finally, it encouraged for landlords to develop a relationship with a real estate attorney that specializes in the rental industry. Having a knowledgeable supporter on your side can relieve a lot of uncertainty. A landlord must never wait to the last minute to develop a relationship with an attorney because the requirement of immediate response will prove to be costly.

    5-Poor Response to Service Requests-

    The number one reason that tenants do not renew their leases is poor response and execution for service requests from the landlord. Tenants expect a constant inspection, repair, and preservation of the general conditions of their rental home. This also includes a timely repair or replacement of parts for appliances. Everything has to be in working order and problems must be addressed quickly and courteously. Everything has to be in working order and problems must be addressed quickly and courteously. To facilitate an efficient delivery of maintenance requests, the property manager’s best method of receiving these requests is actually answering the telephone. When the manager is too busy to actually answer the phone or the request comes at an odd hour, many properties utilize apartment call centers. This resource allows properties to always have a human responding to the needs of their tenants. The apartment call centers are industry specific and have a direct, open communication with the maintenance and property management. Maintenance requests should be supported by a shared calendar that documents the request cycle: creation, delivery, execution, completion and follow-up. Maintenance requests, if implemented properly, should be a team effort that will lessen and distribute workload through the property staff.

    6-Not Employing Good Customer Service

    Running a rental business is just like any other business in the sense with respect to employing good customer service. Many landlords forget that they would not be in business if it weren’t for the customer. Practicing good customer service not only reduces tenant turnover, it also is one of the primary forms of marketing. Word of mouth advertising is the time tested, most effective way to promote any business. In the long run, a positive approach to communicating with your tenants will reflect in the profitability and value of a property. On the other hand, poor customer service will take a toll on the general conditions of the property. Tenants will not respect the property by not cleaning up after themselves or not following the property’s rules and regulations. Therefore, poor customer service may result in high turnover, high vacancies, higher operational costs and lower profits.

    7-Not paying taxes

    Many landlords do not have their rental income as their primary source of income and neglect to report their income to the government. Others fail to pay property taxes because they don’t reside in the property. Failing to declare income and ignoring property taxes can cause very expensive recovery efforts. The government will assess taxes, add fees, add penalties and assign interest. Other costs will come from attorney fees, added accountant charges and personal time. In extreme cases, landlords may get their property confiscated.

    8-Not waiting for the funds to clear

    In a rush to fill the occupancy, many landlords make the mistake of allowing the tenants to move in before the funds are cleared. The scenario of tenants moving into a property too soon has caused numerous headaches for landlords having to initiate eviction procedures without ever collecting any rent or deposit. Always ask for money orders and certified checks or simply wait for the funds to clear the bank.

    9-Not conducting a detailed premove-in inspection

    Neglecting to have the tenants complete a premove-in inspection can result in damages to a property that cannot be documented by the landlord. Payment for rent must not be accepted until this inspection is completed.

    10-Not keeping a professional landlord/tenant relationship

    Landlords must always uphold a professional relationship with tenants to avoid the pitfalls of not employing the codes of conduct that are based on the stipulations outlined in the lease. The professional relationship is based on the landlord realizing profits from the rental business. Changing the nature of the business relationship threatens the ability for the landlord to collect rent.

    The Option Of A Tenant Loan

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    When searching for a loan it is guaranteed that borrowers are often going to be bombarded with the question, do you own a home? Lenders like homeowners because they have a great asset they can borrow against. Lenders know that homes and property go up in value as they age and that means they can get their money should the borrower default. What does this mean for the non-homeowner? Well, it does not have to hinder their efforts to get a loan because now there is an option cal…

    no credit check loans,

    When searching for a loan it is guaranteed that borrowers are often going to be bombarded with the question, do you own a home? Lenders like homeowners because they have a great asset they can borrow against. Lenders know that homes and property go up in value as they age and that means they can get their money should the borrower default. What does this mean for the non-homeowner? Well, it does not have to hinder their efforts to get a loan because now there is an option called a tenant loan.

    A tenant loan is an unsecured loan meant for people who rent. They are especially designed for tenants who would otherwise have difficulty getting an unsecured loan. In the UK tenant loans are becoming quite popular. Lenders are seeing there is a large group of the population that does not own homes. They are seeing that they are losing out by focusing on only homeowners and that tenant loans are a booming business.

    When getting a tenant loan or no credit check loan a borrower needs to still be careful. There are scams out there that can end up being very costly. One way to make sure to get a good deal is to shop around. Compare loans and find the most attractive offer. When comparing loans, though, borrowers should not forget to check out all of the terms and conditions. Sometimes extra expenses are hidden away and that could make what seems like a great loan turn out to be a bad choice.

    Tenant loans can be used for many different purposes. They can be used for whatever the borrower wants. However, with an unsecured loan it is often easy to throw caution to the wind. That is not wise, though. An unsecured loan still must be paid back and even though the borrower has not risked any collateral, they still are risking a lot by frivolous taking out a loan without considering the cost or how they are going to pay it back. A tenant loan needs to be worked into the borrowers budget and paid back according to the agreement so the borrower does not end up in financial trouble.

    When getting a tenant loan a borrower should be aware of their financial situation and make sure that a loan is the best option. Its not likely a lender will loan money to someone who can obviously not afford it, but sometimes financial troubles can not be seen through comparing income statements and credit records. It is ultimately the borrowers responsibility to make sure they can afford the loan.

    No credit check loans are a great way for someone to get a loan when they do not own a home or otherwise have collateral to secure a loan. However, it is still a loan. Lenders always regard unsecured loans as risky, even tenant loans. They will charge higher rates for this type of loan and may require a higher credit score. However, the availability of no credit check loans and the competition in the market is making them very desirable and a good idea for someone who needs a loan.

    Things To Check On Before Renting A Home

    There are some things to check on before renting a home. The first thing to check is the average utility bills. You can find this information by calling the utility company and requesting a printout of the last year’s monthly charges. This will give you an idea of what the monthly charges would be for you as well. Renting a home with new windows, doors and insulation will provide lower utility bills, therefore, you should always find out if the home is insulated and check the windows for seals.

    You should always check the basement for leaks as well as termite tunnels. Many property owners do not know about the conditions in the basement because they pay more attention to the living quarters. You will want make sure there are hook ups for the washer and dryer, a drain and check the pipes to make sure they are in good condition. The stairs should be in good conditions as well as have a hand railing. Many property owners have no idea what conditions the stairs or railing are in when they are renting a place.

    Other things to look for when renting a house are the attic, outside area and a garage if there is one. The attic should be dry and you should not be able to see any outside light coming in through the roof. It is always a good idea to see if there are any vents in the attic, although this is not as important as finding out if there are leaks. The attic should be insulated as well, this cuts down on lost of heat and help to keep the cool air inside if you run an air conditioner.

    When renting a house you want everything to be up to standards so you will have an affordable place with all the things need to keep your energy bills down. You some place where you can be comfortable and relaxed in knowing everything is working correctly. If the house you are renting has central air, you want to inspect the unit to make sure it is not corroded or damaged.

    Check the neighborhood. You want a safe neighborhood to live in and the only way to do this is by asking the property owner, who may not know or by calling the local police department. Walking through the neighborhood may also give you some clues. You might even see some of the neighbors outside and be able to ask questions.

    The closest school and the transit system is another thing to ask about when renting a home. You want your children in a good school or if sending them to a different school, you need to know some information about the buses as well as how often they come through the neighborhood if they do at all in that area. Once you have answers to your important questions, it is always easier to make a decision if the place and area location is right for you.

    Things To Consider When Renting With Pets

    When you are looking for a place to rent and you have a dog or a cat, you may find the apartments available are few and in between. Many property owners today do not want to rent their properties to owners of pets. The reason is because of bad experiences in the past, or they do not like pets. If this is the situation, you may have a hard time finding a place where your pets will be welcomed. If you do find a place that will allow renting with pets, you may have to pay an extra pet deposit or even a higher monthly rent.

    If you are renting with pets, and decide after a while, you do not want pets anymore, you want to have a clause in your rental agreement that will lower the rent if you are paying extra or that the property owner can inspect the place and return your pet deposit. The property owner and you as the renter should agree to this prior to signing the rental agreement. You do not want to have monies held for a pet you do no longer have in the apartment or house.

    Renting with pets is sometimes the hardest thing to accomplish. You may find that places that allow pets are not as nice as a place that does not allow pets. You should always look at many places rather than just a few before making a decision. Another issue with renting with pets is that you may find the apartment or house that previously had pets, attracts bad behavior from your pets. There is one sure way to find out if there are pet urines spots that could attract your pets to follow suit.

    Property owners can do this before returning pet deposits as well. Take a black light and go over carpets, walls and hardwood flooring to see if there is evidence of pet urine. This works well for finding out if there could be potential problems with your pets. If you do find areas with urine, you should point these out to the property owner before your pet enters the rental unit.

    You are going to find that most property owners will not accept pets. There are some however, that do but you need to know how to present your pet. If you have a dog, it is a good idea to explain the age, how long you have had the dog and if it has any behavior problems. Property owners also look at the type of dog you have because many homeowner insurance policies will not provide insurance if you have a certain breed of dog. This will be a deciding fact for property owners even if they allow pets.

    If you have a fish aquarium or a small rodent such as a hamster, it may not be a problem with a property owner. You just have to learn how to present your pet in a way that is flattering and not negative.

    Tips To Know For Renting A Home

    If you plan to rent a home, you need to know some tips for renting a home as to what you can and cannot do. You will need permission from the property owner before you make any cosmetic changes to the home. If you want to paint the walls or change the look of the woodwork, you will want to obtain permission. If you do not have permission from the property owner, you could be in violation of the lease agreement.

    If you have a yard, you can pretty much make this as beautiful as you want, but you cannot let the property go without proper care. Whatever the stipulations are for the yard and care need to be respected. If you are renting a home, always ask the owner how they expect the yard to look and what they expect from you. By finding out more information, you and the property owner will get along better.

    If the home has a pool or any other outside recreational equipment, you need to know how to take care of the equipment and keep it in good working order. Renting a home with kids and a pool will require even more attention. You will want to keep the kids away from the water when you are not around, this may require putting up a fence around the pool and the owner will have to okay this first. Some owners will find this unacceptable, so this might not be a good place for to rent.

    There are many tips for renting a home, you might think about different tips as you begin to look for homes. Not everyone will know exactly what he or she wants or needs until they find it. Sometimes you will find a home that is just what you have been looking for without even knowing it. Even if you find a home or apartment you like, you should fill out the rental application, but maybe look at a few more places to make sure. This just helps you reassure yourself that you have found what you are looking for in a rental unit.

    If you need a home with so many bedrooms or you need a place that has a handicap accessible ramp for a wheelchair, you will have to discuss alterations with the property owner. For the most part, ramps are going to be at your expense and if a property owner likes your application and references, you will more than likely be able to accommodate a wheelchair if there is enough room required by the housing authority.

    If you need things changed in the house itself, this might be an expense that the property owner may not want to share. This could result in you paying for something out of your own pocket for a rental that only benefits you as long as you live there. You should always talk to a potential property owner about your needs if they are not something that occurs everyday for them.

    Tips For The Unexpected Landlord

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    In the advent of the sub prime mortgage crisis many homeowners are opting to rent properties as opposed to trying to sell in this unstable and already saturated market. But, land lording involves some savvy, so listen up and heed some valuable advice, before diving into the world of renting and leasing your home.

    Landlord, Renting, Rent, Rental Properties, Renting Out, Sub Prime Mortgage Crisis

    In the advent of the sub prime mortgage crisis many homeowners are opting to rent properties as opposed to trying to sell in this unstable and already saturated market. But, land lording involves some savvy, so listen up and heed some valuable advice, before diving into the world of renting and leasing your home.

    Number one, take note that you’re not the only one is this position, so don’t immediately assume it’ll be easy as pie and that you’ll fetch a pretty penny in terms of your rental income. The reality is that in 2005 and 2006 when money flowed like Italian table wine, well everyone had the same idea to get rich fast through real estate. Today, these folks are your competitor landlords and it’s dog eat dog out there. With all this competition, there’s a lot on the market and rental prices are being driven steadily downward.

    Because of this competitive market, if you want to ensure your place gets rented and stays rented for a while, then your going to have to price right- and in most cases this means under pricing your rental property. So keep a close eye on similar rentals in your area and be prepared to bite the bullet and offer yours at a bit less than everyone else’s. You want to be the dog with the bone, right? So, jump through the right hoops Bo Bo…

    Make sure you meet your prospective tenants and do a proper walk-though with them to take stock on the condition of the property and to go over the terms of the lease. Of course, you’ll also want to check up on their credentials and credit history. Be absolutely thorough with this. Ask for references, both professional and personal and then call those references. You’ll want to use your instinct as well- but some hard and fast research is necessary to ensure these new tenants will be good custodians of your property.

    When contemplating the idea of renting you must understand that there are still costs associated with renting a property. In many cases you won’t always be able to charge as much as your monthly mortgage payments, so be prepared for that shocker. Also factor in maintenance fees, insurance, the cost to make ready and to clean-up/repair when the tenant moves out. Likewise, if you use a rental agency this is another substantial cost to factor in. At the end of the day, you’ll want to compare these costs with the cost of selling your home and decide whether or not it’s actually worth it to rent.

    Tips to Being a Successful Landlord

    The ultimate goal of investing in rental property is turn a profit. To make sure that you achieve that goal it is essential that you follow several critical guidelines.

    First, always make sure that you check references. This can be a burdensome step that many landlords overlook if they feel as though they have a good instinct about the tenant when they meet with them. Not checking references; however, can lead to a number of problems. You can uncover a wealth of information about potential problems before you rent to a prospective tenant.

    Always make sure that you have everything in writing. This is to protect not only your rights but also the rights of your tenants as well. Everything from the code of conduct you expect tenants to abide by while renting your property to the rental application itself should be in writing.

    You will find that you have better success with your rental property if you take the time to ensure that it is both secure and clean. The grounds of the property should be free of clear and trimmed regularly. Not only will the property be more visually appealing but these actions will also assist you with property liability. You will also want to take additional security measures. Extra security may be able to lower your insurance premiums as well as provide an incentive to quality tenants to rent your property when they know it is secure.

    If you make the decision to hire a property manager, take the time to interview prospective candidates very carefully. Property managers can be quite helpful if you do not have the time to tend to all of the details yourself. The wrong property manager; however, can cause you tremendous problems. This means that you will need to hire a thoroughly responsible and professional individual to handle the job.

    Always make sure that you obtain adequate insurance. Not only should you have property insurance but you should also have liability insurance. One incident is all it takes to wipe out your investment. Check with your state to determine if any additional insurance coverage is required.

    Regardless of the condition the property was in when you purchased it, there will come a time when repairs are needed. This is part and parcel of owning rental property. If you take too long to make repairs, not only will your property suffer and repairs will ultimately cost more to take care of but you will also likely lose quality tenants as well. By making sure that you handle repairs promptly you will be able to maintain the life of your property as well as retain good tenants.

    Always make sure that you follow all applicable regulations in the renting of your investment property. The Fair Housing Administration Act provides precise regulations in order to prevent discrimination. If you violate those regulations you could find yourself facing a lawsuit that is costly in terms of time as well as money. The best course of action is to take the time to do your homework and consult an attorney experienced in real estate matters for guidance regarding the FHA as well as ensuring that you have the proper forms.

    Finally, make sure that you do not violate the privacy of your tenants. Check with your state’s regulations to find out whether you must provide any type of notice to your tenant before you enter the dwelling.

    Following these guidelines will help you to retain quality tenants and avoid any potential legal problems.

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    Tips for Coping with Loud Tenants

    One of the most common issues that many landlords must deal with when they have investment rental property is music. It is not uncommon for many renters to either play music quite loud or play an instrument. This can be disturbing to neighbors and as a result you may receive phone calls of complaint. How you handle these issues is quite important because it involves a fine balance of maintaining happy renters and yet ensuring that neighbors surrounding your property are not disturbed.

    In the event that you own a multi-dwelling property this can be even more of an important issue as other tenants in the building may not appreciate being disturbed by loud music. If you fail to handle the issue properly they may decide to rent elsewhere; leaving you with vacancies and that can be expensive. Furthermore, your property may gain a bad reputation, making it difficult to rent to future tenants as well.

    When you are facing this type or problem there are actually several different ways that you can handle the issue. First, it is imperative that you make sure you have discussed your property rules with tenants before they actually move in. This type of action can help to prevent problems before they even begin.

    Ensure that you have included terms within your lease stating when exactly music may be played. You should also include in your lease statements indicating specific times when music may not be played so loudly that it can be heard outside the individual unit. For example, you might state that music may not be played before 8am and after 10pm. You should also make sure that these terms include not only music but also actual musical instruments as well as televisions.

    In addition, make sure you check on your property periodically to ensure that your tenants are not playing loud music at night or early in the morning. If you find that they are breaking this rule, do not hesitate to let them know that they are violating the terms of their lease. If you allow the issue to continue unchecked you are sending the message that this behavior is acceptable to you and later on it could be quite difficult to stop when the complaints begin rolling in.

    Sometimes, checking on a property early in the morning or late at night is not feasible; especially if you live a good distance away. In this case, consider asking your neighbors to advise you if your tenants disturb them with loud music or noise. Remember that it is always best for neighbors in the area to advise you about the problem so that you will have an opportunity to correct it before they contact the city or the police with their complaints. This will also assure neighbors that you are concerned about the neighborhood and maintaining a peaceful atmosphere for everyone.

    Once you have contacted your tenant verbally regarding the matter, make sure you follow-up with a reminder in writing. This should help your tenant(s) to understand the severity of the situation and will also provide you with the documentation you need in the event the behavior continues and you must consider evicting them because of it.

    Ideally, the best way to handle this type of situation is to prevent it before it ever begins. Explain to your tenants when they move in that you regard the issue as serious and that you will check up on the property from time to time. If you decide to rent to students, this is especially important. By making sure that you have established a cordial relationship with your tenants early on they will be far more likely to respect your rules and understand where the line is drawn so they will not cross it.

    Properly managing a rental property means not only providing a pleasant living environment for your tenants but also ensuring that your rental property does not disturb others in the neighborhood.

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    Tips for Finding a Rental Apartment

    Finding a rental apartment is not always easy. Depending on occupancy rates in a particular area, it actually might be quite difficult to find available apartments that are also within your price range and meet all of your pre-determined requirements. However, even in areas where there is not a great deal of competition for the available apartments, renters may still have some difficulty finding the perfect apartment. This article will offer some tips for finding a rental apartment that suits all of your needs.

    Figure Out Your Needs

    The first step of any apartment search should begin with the potential renter carefully identifying all of their needs in an apartment. This list of needs will be different for every renter. While some renters are simply looking for a place to eat, bathe and sleep other renters may be looking for a living space which will serve a number of purposes including working, entertaining and participating in leisure activities or hobbies. When making this list of needs the renter should consider the options they cannot live without as well as the options they want to have but can live without. It is important to make this distinction because the renter will want to ensure the apartment they choose has all of the features they need and ideally a few features they want. However, an apartment which does not have all the required features may become an uncomfortable living situation very quickly.

    Do Your Research

    Once a renter has a good idea of the basic features he is looking for in an apartment, he should begin researching his options. Researching apartments can be done on the Internet, through the newspaper or through rental magazines. Renters may use one of these research methods exclusively or may combine a few of the methods to form a customized strategy for researching apartments. The research phase will give the renter an idea of the types of properties available for rent in the area.

    Comparison Shop

    The next step is the process of comparison shopping. This basically entails visiting several different rental properties and touring these facilities. During the tour the renter will get a good idea of available options as well as the costs associated with these options. This is helpful for two very important reasons. First it gives the renter a good idea of the types of apartments available within their budget. Second it gives the renter the ability to bargain regarding price. Renters who have proof of other apartment complexes offering more favorable rental terms, may be able to entice another complex to lower their prices slightly.

    Ask for Recommendations

    Renters can also help themselves in their search for an apartment by seeking recommendations from trusted friends and family members. These recommendations can be taken to be much more worthwhile than recommendations offered by the apartment complex from previously satisfied tenants. It is important to note the apartment complex is likely to only offer testimony from tenants who were happy with their rental agreement. For this reason, opinions offered by friends and family members are much more valuable because they do not have a vested interest in the rental property and simply offer their honest opinion. Friends or family members who share your interests and personality traits can be very helpful in offering recommendations for apartments because it is very likely you will be happy with the apartment they recommend.

    Consult the Better Business Bureau

    Finally, renters should consult the Better Business Bureau (BBB) before making a final decision and choosing an apartment complex. This can be very helpful especially if the renter finds a particular apartment complex has a number of unresolved complaints against them. While a lack of complaints is not necessarily an endorsement, it is a good sign if the complex has been in business for number of years without a slew of unresolved complaints.

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    Tips for Handling Vacancies in your Rental Property

    From time to time you will have vacancies in your investment rental property. When that occurs, you will naturally want to rent the property as quickly as possible so that you do not lose out on any rent money. It could even be that when you purchase the property, it could be vacant. There could be many reasons why it could potentially take some time to find tenants. Perhaps the location is affecting it. Or, it could be that there are simply a number of properties for rent in the local area. Regardless of why your property is vacant you will need to get it rented as quickly as possible.

    For every month that your property is vacant, you are losing money in revenue. There are some things you can do to reduce the amount of time that your property is vacant; however.

    First, when your property is vacant, use that time to your advantage by making any repairs that are necessary and handling any maintenance tasks. In addition, you might also consider doing something to make the property more appealing such as touching up the paint or sprucing up the yard.

    You might also consider providing some type of incentive or discount in order to get your property rented more quickly. Certainly this will cost a bit of money but in the long run it is often less expensive to provide an incentive in order to get your property rented more quickly than to allow it to sit vacant for a period of time. You might think about reducing the rent or installing something in the apartment that would be appealing to prospective tenants such as a washer and dryer.

    Make sure you making strong efforts to market your rental property but running ads in all of the local papers and hanging up flyers at places of interest. Of course, you should also have a For Rent sign posted on the property so that everyone who drives by will see it and know the property is available for rent or lease. Once again, a small amount of money spent on marketing is less expensive than the amount of lost revenue you could incur by allowing the property to sit vacant.

    In addition, take be proactive and begin the search for tenants before your current tenant moves out if you have reason to believe that they will be leaving soon. It is never a good idea to wait until the last minute and then try to fill a vacancy. You might even ask the current tenants if they know of anyone who might be interested in renting the property. It could be quite possible that they have friends who have visited and would jump at the chance to rent the property once it is available.

    Keep in mind; however, that as important as it is to rent your property quickly and avoid a vacancy you also do not want to rent out the property so quickly that you fail to conduct a thorough screening. The first time you receive an inquiry on the property, you need to begin the screening process. Take the time to obtain some basic preliminary information about applicants while also providing information about your rental property.

    Of course, you must abide by fair housing laws and you also must make sure you are fair in asking the same questions of all applicants so it is a good idea to write down your pre-qualifying questions so you can be sure that you are being fair. If you are unsure of what you are allowed and not allowed to ask by law, consider consulting an attorney.

    Before you end the phone call with the applicant, encourage them to drive by the property so they can see it in person and then call to make an appointment with you to see the interior.

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    Tips for Locating the Right Rental Property

    The decision to invest in rental property is an important one. The first step in getting started is to choose the right property which will generate a sufficient amount of income for you while also requiring as little maintenance and upkeep as possible.

    Ideally, it is best to develop a list which you can take with you when you begin the process of shopping around for the right rental property. This list will help to keep you on track and focused on what you should look for as well as what you should steer away from.

    When looking for the right rental property, you will want to take several factors into consideration.

    First, you should always consider the condition of the property. Generally, it is best to keep in mind that if you come across a property with a price that seems too good to be true, there is usually a reason why the property is priced so low. Many real estate investors like to point out the fact that you are able to determine your profit when you purchase a property.

    While you may not consider selling the property for some time and will instead be renting it out, it is still important to take into consideration the cost of any necessary renovations and repairs before you make a final decision regarding whether you will purchase the property or not. After considering these factors, you may find that it will actually be less expensive to purchase a property that is in better condition, although at a higher price, than to purchase a property with a lower price that requires extensive renovations and repairs to get it ready to rent out.

    Location is, of course, one of the essential elements of purchasing the right rental property as well. Keep in mind that properties which are located directly on a busy street may not be appealing to tenants who like a quiet and peaceful neighborhood. On the other hand, a property which is located near schools or parks will likely be more appealing to families.

    It is also important to find out the history on the property and specifically whether the property has ever been used as a rental property. This is important due to the fact that in some cases a property can get a bad reputation. It does not take long for word to get around and once that occurs it can be difficult to get past it.

    If the property is currently being used as a rental property, you also need to consider whether tenants are already on the property. If that is the case then you may need to honor the current lease with those tenants. This means that you may not be able to raise the rent until the lease has expired. There may even be state laws in some cases which could regulate how much you are able to raise the rent. Obviously, this is something that should be carefully considered. While there is the obvious advantage of already having tenants on the property, you may find later that this is actually somewhat of a bit of a disadvantage so be sure to carefully consider this factor.

    Maintenance and repair needs of the property should also be taken into consideration. In the event that you are not able to maintain the property or repair it, this will translate to hiring a property manager and/or repair person. This means extra expenses which will reduce your profits. Of course, it also gives you some free time so you will have to weigh the advantages and disadvantages.

    Finally, consider the price of the property. You always need to make sure that you will be able to cover not only the mortgage payment, if you have one, but also other expenses such as taxes and insurance. In the event the property is not occupied for a period of time, you will still need to meet all of those expenses so be certain that you can cover them before you obligate yourself.

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    Tips to Avoid Pitfalls in Owning Investment Rental Property

    Owning and operating investment rental property can provide a number of important advantages. There are potential disadvantages to owning rental property; however, you can help to minimize possible pitfalls by following certain guidelines to protect your investment.

    First, always make sure that your expectations regarding investing in rental property are reasonable and realistic. You should always approach the investment of rental property with the goal of achieving a positive cash flow; however, do not expect that you will be able to buy a new vacation home within a year.

    In addition, it is important to make sure that you take the time to do your research and ensure that you understand the rules and regulations regarding the ownership and operation of rental property. As the owner of rental property, you must abide by certain federal and state laws which provide specific information regarding your liabilities and responsibilities.

    Along those same lines, it is important to be certain that any lease or rental agreements you handle are absolutely legal. If you handle a lease or rental agreement which is not legal, you may experience a number of problems if your tenant happens to violate terms of the lease. To be safe, it is best to have an attorney draft your lease and rental agreements.

    Before purchasing any rental property, be sure to have the property inspected or else you may discover you are facing a set of expenses you did not anticipate. Having the property inspected by a professional before you sign on the dotted line will involve an expense; however, compared to the expenses you could face by purchasing a property without an inspection, it is certainly well worth it.

    When you begin the process of renting out your property, take the time to run credit checks and call references. These are both steps which many novice landlords often overlook in their rush to fill their rental properties and begin turning a profit; however, it can be detrimental. Remember that having an empty unit is always better than rushing and having an irresponsible tenant who may destroy your property, get behind on their rent and ultimately prove difficult to evict.

    Joining the Landlords’ Association in your local area can also prove to be helpful by putting you in connection with experienced investors and landlords. You can also gain access to reliable contractors, inspectors and other professionals who can make the process of operating rental property much easier.

    It is also imperative that you make sure you have adequate property insurance as well as liability insurance. Property insurance will help to protect your investment while liability insurance will protect you in the event anything should happen to someone while on your property.

    Finally, make sure you take the time to establish an emergency fund in order to cover expenses which may crop up unexpectedly. Remember that you are operating a business and as such you must be prepared for those times when expenses arise. The exact amount that you wish to contribute to your emergency fund is ultimately up to you; however, it should be sufficient to cover typical expenses that may arise. The general rule of thumb is to put aside 20% of the value of your property. To make the process of establishing an emergency fund easier, consider setting aside a certain amount of your rental receipts each month into a special account.

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    Tips to Avoid Problem Tenants in your Rental Property

    Having the right tenants in your property can truly make a huge difference in your ability to succeed in owning investment rental property. While problem renters can definitely exhibit some warning signs, there are some problem renters who are quite adept at getting past landlords. As a result, it is important to understand that you simply cannot always rely on your first impression of a prospective tenant in order to determine whether they will be responsible and reliable.

    There are some tips you can use; however, in order to avoid tenants which could prove to be difficult.

    First, always have prospective tenants complete a rental application. The application should be in writing and should provide you with the information you need to make a decision regarding renting the property. Along those lines; however, you need to make sure that you always follow laws, such as the Fair Housing Act. Discriminating against prospective renters is against the law and could land you in quite a bit of trouble. You are not allowed to deny someone the ability to rent your property based on religion, race, etc. By following the Fair Housing Act, you can make sure that you do not violate any discrimination laws.

    Always make sure that you obtain proof of identity. This includes seeing a photo identification from any prospective tenants that you interview. On the rental application you have prospective tenants complete, make sure they write down their driver license information. Make a copy of the photo ID and be certain that you attach it to the rental application.

    Many landlords make the mistake of not performing a background check. This is a mistake that you cannot afford to make if you want to ensure that you avoid potentially troublesome tenants. Performing a background check gives you the opportunity to determine if there are any previous problems. For example, running a background check can let you know if a prospective tenant has a history of destroying property or skipping out on the rent.

    Along with a background check, you should also perform a credit check. You will need to obtain the applicant’s permission in order to do this; however, you can do this on the rental application. You will also need to obtain the applicant’s Social Security number on the application to run a credit check.

    References are also essential. Make sure that you obtain the name of the applicant’s previous landlord so you can follow-up. This is because not all landlords make a report to the authorities when there is a problem, so by checking with the landlord directly you have a better chance of determining if there were any problems.

    In addition, ask for character references. Make sure that you take the time to actually check with those references. If the applicant did not give you a valid reference this is a good way to find out about it and weed out the applicant.

    Finally, make sure that you include information regarding a code of conduct with each application or lease. The code of contact should state what is expected of the tenant and have the prospective tenant sign and date the document. By making sure that these expectations are clearly outlined in the beginning, you can help to avoid a number of problems.

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    UK Taxation Treatment For Rental Income

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    Land and property income is all income deriving from such property as if it were a trade. Therefore this is calculated as all income being assessed in the tax year on an accruals basis.

    UK Taxation Treatment For Rental Income

    Property Rental Income for Individuals

    UK Rents and licence’s are regarded as UK land and property. Land and property income is all income deriving from such property as if it were a trade. Therefore this is calculated as all income being assessed in the tax year on an “accruals” basis. This means that income is taxed on an “arising” basis in the year of assessment, i.e. income that is due in the year, and not necessary income that is actually paid by the tenant.

    For example if a tenant per the tenancy agreement is obliged to pay £495 a month, the taxable income is £5,940 a year, irrespective of the fact the tenant might say pay late for their rent.

    Since rental income is an assessment like trade, all income from the different rental properties are pooled together, creating one income stream. Hence profits and losses of the same UK properties are amalgamated together to create the net profit or loss. In essence losses from one property is netted off against profits of the other.

    If they are losses overall after pooling all the properties together, then these losses can be carried forward against future profits of property income. These losses cannot be set off against other income, e.g. employment income or self employed income. However, if losses arise due to “capital allowances” this may then be relieved against other general income.

    Capital allowances is the allowable decrease in value of the assets each year that are used in the properties. For e.g. fridges and ovens. Capital allowance rates will be 20% or 25% a year depending on current capital allowance rates.

    Expenses are allowed to be deducted if they are incurred “wholly and exclusively” for the purposes of the property.

    The treatment for limited companies broadly follows the same rules as for UK individuals.

    Income from Overseas Property for UK Residents and Domicile

    A UK resident or domiciled person will be taxed on income arising on overseas property and hence must be declared on the UK self assessment return. A tax credit may be given dependant on double taxation treaties for tax suffered in the overseas country on that rental income.

    On the other hand, non-resident individuals will not be taxed on overseas property income in the UK. Non domiciled individuals will also not be assessed on this income, but only assessed on a “remittance basis”, whereby the income is only taxed if it is brought in the UK.

    Recent rules affecting non-domicile individuals that have been resident in the UK for 7 years or more may have to pay tax on there overseas income, unless they choose to pay an annual tax charge of £30,000, if they wish to adopt the remittance basis in the future.

    Income from properties overseas is treated like a separate business to that of income arising from UK properties. Hence losses for overseas properties can only be offset against profits from overseas properties arising in the future and cannot be offset against UK property income.

    Rent a Room Relief

    This is a relief is given for renting a room in one’s main residence. This relief is not available for a property that is not occupied by the owner as their main residence, and hence fully let properties are not eligible for this relief. However, lease holders whose name is on the lease, can claim this allowance for their lodgers, providing of course the lease allows them to take on lodgers.

    The relief is not available for commercial lets of the property i.e. home as office, or letting part of the property to a company.

    Relief is given up to £4,250 per tax year. Rents from lodgers at or below this amount is not taxable. This is a total allowance for the property is not apportioned per room. If income is received over and above the rent a room relief, then the amount above is taxable, and is declarable in the self assessment return.

    The advantage of the rent a room relief is that it does not affect the principal private residence relief when coming to sell the property. If the property was let outside this allowance, and actual rental income and costs were declared in the normal way, then that element of the property being rented would not be exempt for capital gains tax, and hence capital gains tax would be chargeable on that apportionment of the property. Letting relief however may be available up to a maximum of £40,000.

    UK Tenant Loan :A tenant loan can set you free from financial crisis

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    Borrowing money has never been easier, UK tenant loans seem to be on almost constant offer whether from a high street shop, from your bank or from the vast amount of mail shots that come through your door. As the tenants are at least risk in such loans more and more people are coming forward to avail them. There are a number of finance companies who provide services to get a loan. So, if you are a tenant and you need loan, it’s the right time to go for a UK tenant loan.

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    Are you the one who is looking for a loan ? Do you need some extra cash to fill in the financial gaps ? but, you dont own any property to put as collateral?, If your answere to all these questions is yes then you are at the right place at right time. It is commonly believe that being a home owner one can enjoy horizon of opportunities and lenders find it easier to lend loans to them but compared to the earlier times, the number of lenders with loans for tenants in the UK has increased. The lenders have realised that by taking a moderate risk they can increase their customer base. UK tenant loan is basically an unsecured loan meant to cater to the financial needs of those who do not have their own houses. This loan is also good for council tenants and people living with their parents.You do not need to keep any collateral to procure UK tenant loan. UK tenant loan is granted only on the guarantee of your repayment capacity.These loans are tailor made to fulfill the financial requirements of tenants.

    And it’s obvious that people living in rented houses are in no way different to those who own their own houses. Their requirements are similar to those of house owners to a great extent.There can be a number of purposes to take a UK tenant loan. You can buy a car, you can finance your marriage, you can fund your dream holiday tour, you can use it to buy expensive household items etc. in case you are facing the problems of paying for so many monthly installments for different loans taken by you in the past you can take a UK tenant loan to consolidate all your debts , to finance your higher education …in fact, just about anything!

    The best thing about UK tenant loan is that you don’t have to put your property at risk. Most of the people who keep their houses as collateral face the problem of repossession of their houses in case of non payment of the loan amount. Another advantage is that being unsecured, UK tenant loans prevent you from the hassles of being involved in voluminous paper work.

    The basic requirements for those wishing to apply for UK tenant loans are:
    • You are in full time employment.
    • You are paid by computerised pay slips.
    • Your bank account accepts a Direct Debit facility.
    • You have proof of identification and residence – normally utility bills.

    UK Tenant Loan – The Facts:
    • An easy and manageable route to generating extra cash
    • You can use the cash for any purpose – for example, debt consolidation, home improvements, buying a car or going on holiday
    • Using this for Debt Consolidation means that with one single payment to make each month, you have more control over YOUR monthly budget
    • Repayment period can be anything from 3 – 25 years
    • Protected payment plans can provide extra peace of mind
    Tenants thus may not qualify for a large amount as in a secured loan. This implies that the tenants expose loan providers to greater risk. Thus, tenants have to pay a higher rate of interest. The borrowers can escape interest rate fluctuations by using the several options that come on interest. Rate locks, capped rate, discounted rate etc form some of the interest options to lessen the bitterness of high interest rates.

    Understanding The Renting Agreement

    When trying to understand the renting agreement, you might have some difficulties if you do not understand what is being said. The first part of the renting agreement is your information as well as any other applicant who will reside in the apartment. The standard lease agreement will include abandonment of the property, repairs and alterations as well as sub-letting.

    The information you supply about yourself is important for checking out your history and current working situation. If you supply wrong information, you might be denied the apartment or house. Always print your information so it is eligible, but sign your name at the bottom. The more information you supply, the better your chances are for being accepted for the rental.

    The renting agreement will also include the rules of breaching the contract, drug offenses that are committed in the house and property owner access and inspection. The renting agreement will also include a clause for lawful use of the property, disclosure of lead paint, maintenance, parking, late fees and the rent. It will also verify the security deposit, hold over of the tenant, terminating and vacating the property, utilities and it will discuss surrendering the premise.

    Although every state has different laws governing the specifics related to the renting agreement, it all says the same thing, just with different time frames and punishments. If you are accused and convicted of having drugs on the property, the renting agreement will state what will happen to you. This protects the property owner from possible forfeiture of the property in question.

    The renting agreement discloses who is responsible for repairs and what repairs you are subject to as well as the property owner. The property owner does have a right to inspect the premises at any time with proper notification. If you read the renting agreement before signing, you will know your rights as a renter and what is expected of you while renting said property.

    The renting agreement otherwise known as an apartment lease will be specific in some areas and vague in others. If you have any questions about the vague statements, ask for clarification to ensure you understand your part of the agreement. Some property owners do not fill out all the parts of an apartment lease, if you feel this needs to be filled out completely, you may want to mention that before signing anything. If you do not need that area filled out, make sure there is an X through that section so nothing can be added after you sign the agreement.

    If you sign a rental agreement, make sure you receive a copy from the property owner before moving in. This will ensure that you have one to refer back to if you need clarification on anything. You should keep your rental agreement in a safe place with important papers and keep it until you receive your security deposit back after you move. This will be the only legal document you have that protects you as well as the property owner.

    Unsecured Loans for Tenant-Risk Free Money for Teenager

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    Unsecured loans for tenant do not involve any sort of collateral. Sufficient amount is disposed with this scheme at considerable rate of interest and comfortable repayment tenure. This loan is easy to get and also the processing time it takes is very less.

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    Obtaining a loan in present scenario is a cakewalk to homeowners but things get a bit murkier for tenants to attain usual loans. To ease them and extract the customer base inclusive of tenants, unsecured loans for tenant have been designed. These loans serve one with cash when he is stung by the deficiency of the same.

    Features and uses of loan

    Tenant can use this loan for various purposes like purchasing a brand new car or bike, going for an exotic holiday, consolidating debt, buying a new flat or apartment, expenses in your dear ones wedding, etc. As stated earlier unsecured loans for tenants fall under category of unsecured loan, so you need not have to put anything as collateral here. But as lender is at higher risk, the rate of interest is slightly high also the repayment period is shorter. You can procure an amount varying from£500 to £2500.Having a good credit history will help you obtain higher amount. The interest rate lies somewhere between 7.7% APR to 18.3%.Being informed and good groundwork like visiting various lenders will definitely help you in negotiations.

    Eligibility and availability

    Any type of tenant can apply for this kind of loan. You may be Council tenants, Private tenants, housing association tenants, or even tenants living with parents. In order to get loan you must also fulfill these criteria: you should be in salaried employment presently when yon you go for obtaining loan, You must have resided at your current address for over 12 months, You should have your personal U.K. bank account, having a credit/store card, You have a savings account to which you make regular payments. You can apply for this kind of loan to traditional money lenders or bank, or else you can apply online. Applying online saves your time and it also consumes less processing time. So just fill some simple forms and you have applied for loan.

    Unsecured Loans for Tenants- Fast and flexible way of getting cash especially for tenants

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    Now payday loan lenders offering Unsecured loans for tenants. These loans have convenient approval process especially for bad credit holder tenants. For getting these loans borrower must have a live bank account and he must be above 18 years salaried citizen of UK. You just fill a simple online form and get £250- £25,000 on affordable rates of interest without collateral within 24 hours of applying.

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    Payday loan lenders now offering loans design especially for tenants. Now the people those are not a homeowner can also get the cash loan without any security and hassle. unsecured loans for tenants have a convenient loan approval process for tenants.

    If you are a tenant of local councils, housing associations or other similar government landlords, then there are lenders who offer unsecured loans for you whether you have bad credit, default, arrears or CCJ. Lenders have no problem because of your bad credit history.

    Requirements for these loans are that you should be

    • An UK citizen with age of above 18 years.
    • A salaried person and get monthly income up to £1000.
    • You must have an active checking account in any reputed bank of UK.

    If you fulfill these requirements then you can easily get these loans without any hassle and inconvenience. Just visit to the website and fill a simple form within 5 minute you get approval and then within 24 hours you get the loan amount directly in your checking account.

    The main features of these loans are that you can borrow the amount between £250 and £25,000, its rate of interest to be charged depends on loan amount, it suits the tenants those have no home to keep as collateral because it is an unsecured loan, its services are free and easily available by the help of internet, flexibility of terms, repayment terms are made according to your pocket. So, the tenants who need money have no need to visit any where for money we will arrange the cash as soon as possible.

    Unsecured Tenant Loans: Non Homeowners Have No Option?… It’s Time To Reconsider

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    Unsecured Tenant Loans, like many other unsecured loans, do not entail placing of collateral. This poses a great deal of risk for lenders with regard to repayment. Hence, Unsecured Tenant Loans have higher interest rates, shorter loan terms and a limited loan amount. On the positive side, they involve less paperwork – which means faster approval, they do not require any collateral. Unsecured Tenant Loans are typically meant for non homeowners. So, those of you who thought you had no options, start searching for your ideal Unsecured Tenant Loan today.

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    The “Loan World” is a complex jungle full of a variety of loans, all at your disposal. Literally – there’s something for everyone! There are Personal Loans, Wedding Loans, Home Improvement Loans, Home Loans and many others. The cash obtained through these loans can then be used for home furnishing, renovation, buying that dream home/car, education or weddings. Well, what about those who have no security to offer or no collateral to put up to avail these loans? Like I said, there’s something for them too, it’s called an Unsecured Tenant Loan.

    Being unsecured like many other loans, these Tenant Loans do not require you (the borrower) to place any collateral as security, as in case of Secured Loans. This makes Unsecured Tenant Loans very attractive to non homeowners like tenants, students, PG’s, etc. However, this advantageous feature has it’s drawback too. Owing to the absence of collateral, lenders have to bear a greater risk with regard to repayment. With Secured Loans, in case you default on your repayments, lenders can take custody of your collateral. Conversely, in case of Unsecured Tenant Loans, defaulting on your monthly payments leaves your lenders in a lurch.

    Advantages of a Tenant Loans:
    · The best thing about a tenant loan is that you don’t have to put any property at risk. Most people who put up their home as collateral face repossession in case of inability to repay the loan.
    · Tenant Loans save your precious time in the process of procurement, as you don’t have to go for valuation of property. As a result you avoid a lot of paper work.
    · Tenant Loans are also available for people with bad credit histories, although the approval process is not a piece of cake.
    · Tenant Loans, in short, are a boon for all non homeowners like council tenants, students, etc.

    From above, as you can see, as there is no collateral to consider, there obviously can be no process for valuation of collateral. This means that your Unsecured Tenant Loan will take lesser time for approval and will clearly entail lesser paperwork, making liquid cash available to you rather quickly.

    Now I’m sure you’re wondering why lenders offer such loans, when there’s nothing in it for them. Well, here’s what you’ve been looking for – a glitch! To explain this better, let’s start talking “interest rates.” To compensate for the lender’s risk factor, Unsecured Tenant Loans come with fairly high rates of interest. In addition to this, lenders need to make sure that the Unsecured Tenant Loans are repaid as soon as possible and so these loans have relatively short loan terms. As a precaution, the loan amounts are also restricted or limited as compared to Secured Loans. For example: For basic secured loans, the loan amount ranges from £5,000 to £75,000 and the repayment period extends from 5 to 25 years. While for Unsecured Tenant Loans, lenders tend to limit the value to £25,000 and the loan term extends up to 10 years only. So nothing can be perfect after all!

    Disadvantages of Tenant Loans:
    · Tenant Loans come with high interest rates because of the absence of collateral.
    · The loan terms of Tenant Loans are very short to facilitate quick repayment.
    · Tenant Loans grant only small loan amounts for the same reasons.

    Unsecured Tenant Loans lenders too, are businessmen after all and have to have a reason for granting you your loan. For this, besides considering loan amount, loan terms and interest rates they need to mull over your repayment capability. They can gauge your repayment potential after checking your on your credit history and financial standing. A good credit history will further accelerate the approval procedure while a bad credit history will slow down the process. Here, please remember, that bad credit doesn’t necessarily stop you from getting your Unsecured Tenant Loan. Even those of you with bad credit due to a past bankruptcy, default in repayments, C.C. J’s (County Court Judgements) or arrears stand a fair chance of getting an Unsecured Tenant Loan approved.

    Every Unsecured Tenant Loan is tailored to your needs and financial standing, so choose wisely. You must have extensive knowledge about current rates and options to finalize any loan. Take expert advice from knowledgeable people. Getting as many quotes from as many Unsecured Tenant Loan lenders as possible simplifies the situation.

    … Like I said earlier, “There’s something for everyone.” So get going today!

    Vacating The Premises When Renting A House

    If you plan to vacate the premises when you are renting a house, you must abide by the lease agreement. Most leases require thirty to sixty days notice that you are vacating the house. Your lease agreement will also have required time you must live in the house before the lease is expired. If you sign a one-year lease and plan to leave after the year is up, you must give proper notice. This is done in writing as well as verbal. Tell the property owner of your decision and hand him or her a written latter as well.

    You will still have to pay the monthly rent and clean the house you are renting to receive your security deposit back. You need to leave the house in the exact shape or better, as it was when you rented it. After you vacate the property, the property owner has thirty to sixty days to return your security deposit or a portion if it with a detailed explanation of what was wrong. If any security deposit monies are withheld, you are entitled to detailed list as to why and what it was for. If you do not receive this, you can take legal action.

    Renting a house and vacating the premises requires you to turning all keys that are for the house or any other areas of the property. When doing so, you are no longer allowed to enter the house or visit the property. You should also remember to change your address and the utility bills. You should take all garbage and place it in the right area, the property owner or new renters can place it out for pick up. Never leave anything there that the property owner will have to pay to haul away, this will more than likely be ducted from your security deposit.

    When vacating the premises of the house you are renting, if the property owner can rent the house out sooner than later, you may receive a prorated amount of rent to pay if you have already vacated the premises. This is always nice because you do not have pay a full months rent at two different places. If you are required to prorate the rent, then you can take the monthly payment amount and divide by the number of days in that month. This gives you a daily amount that you times by the number of days you owe rent for on that rental.

    You will also need to make sure the utilities are changed into the property owners name or the new tenants will put the utilities in their name. Never take anything for granted, ask questions to find out the right answer for what to do. Then you can give the utility companies your new address so they can send you a final bill. In addition, have the water meter read right away. Sometimes they are a little slow, which might result in a higher bill than expected when it arrives in the mail.

    Vacation Rentals

    Many vacationers opt to rent a home in their vacation destination rather than staying in a hotel. For these vacationers, this is a worthwhile option because it gives the vacationer a more comfortable place to stay with features such as cooking facilities which are not typically offered in commercial hotels. Finding these vacation rentals can be significantly more difficult than simply making hotel reservations but many vacationers report this to be a worthwhile effort. However, some care should be taken when renting a vacation home to ensure the quality of the home meets the expectations of the vacationers.

    Finding Vacation Rentals

    Finding a vacation rental property can obviously be much more difficult than simply renting a hotel during the vacation. Of course some vacationers will be lucky and have a friend or family member who owns a home in a particular vacation destination and is willing to rent it out to others. Those who do not have this type of fortunate situation have other options for finding a vacation rental property.

    Many homeowners in popular vacation destinations rent out their home during the peak season. These homeowners may allow a realtor to handle the transactions. Contacting realtors in the area of the vacation destination and inquiring about available rental properties in the area is one way to start the search. The realtor will likely be able to assist you in finding a home for rent.

    There are also many popular websites where homes for rent are listed directly by the owner of the home. Searching the Internet can lead you to a reliable source of homes for rent. These homes are usually divided into categories by region and will likely provide you instant access to available dates. It will likely give useful information such as whether or not pets are allowed, the number of bedrooms and bathrooms as well as the size of the home and the proximity to nearby attraction. The listing may also provide useful information regarding the furnishings of the home. Some rental properties may include items such as bedding and cookware while some may not.

    Ask Questions before Renting a Vacation Home

    Vacationers who wish to rent a vacation home as opposed to spending their vacation in a hotel should exercise a certain amount of caution in selecting a property to rent. Being cautious will not only enable the vacationer to ensure his rental property meets his expectations but will also help to avoid potentially dangerous situations. One way to avoid these potential problems is by asking a great deal of questions during the process.

    Renting a vacation home through a rental agency is ideal for safety purposes. In these situations the agency handles the entire rental giving the renter the security of knowing they are not walking into a potentially dangerous situation. However, even in this situation the renter should ask some important questions. These questions will be explained in the subsequent paragraphs.

    How old is the property? Potential renters should ask questions about the age of the property and whether or not appliances, plumbing and electricity have been updated. This is important because this type of information can mean the difference between a comfortable stay in the property and dealing with problems related to the age of the home.

    What is included in the rental? While most rentals include the basic necessities, there are some rental agreements which only include the use of the house and furniture. Renters may be required to bring along bedding, towels and even cookware.

    How often is the property rented and how is it maintained? These two questions are inter-related because properties which are rented often see significantly more wear and tear than properties which are only rented a couple of times per year. Properties which are rented often should employ a maid service to clean the property thoroughly between each rental and possibly during longer rental periods.

    What is the exact location of the property? Asking this question will enable the vacationer to determine whether or not the property is ideally situated for the purposes of the vacation. For example a vacationer on a ski trip would want to be situated close to the mountains while a vacationer more interested in a cultural vacation might be interested in a downtown location which will likely be closer to museums and other locations of interest.

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    Recently there was an article in the Houston Business Journal of the anchor store in many shopping centers through out Houston pulling out. Kmart, took out some stores, so did three other big box stores and a few consumer electronics places and larger furniture stores, now Albertson’s has left. Who gets hurt? The franchise stores who pay a high price and lease to be in those centers along side a big anchor tenant. Think about it, Albertson’s with their large super stores with Banks in side, Starbucks coffee, bakery, mini eating area, film developing and pharmacy. Soon in Western States where property and land permit, on site carwashes too and also some already have fuel for your car, when you are a club card member. What if you had an MBE, Quiznos, Subway, Dry Cleaning, Travel Agency (as if things are not bad enough already), GNC, Hobby Town, Cost Cutters, etc.

    If your anchor tenant moves out and traffic dies in the shopping center you are screwed. Right now it is tough on some small businesses that are not serviced based and mobile, but imagine the problems when the mall dies for no reason, due to an accounting glitch or cost cuts by some larger corporation which is your anchor tenant. And do not expect anyone to care, because Albertson’s is based in Boise ID and CA. Kmart is Midwest, and this is not like the Kreisge’s 5 and Dime in the old days, today it all about quarterly profits, shareholders equity, next months P and L and man they do not give one darn about the burned area left behind. Other large retailers are based in the middle of no where, like Wal-Mart in Bentonville AR, and they often move to better locations right out side of town in a growing area and close the other stores. Are you sure you want to sign a ten-year lease for space? Not me. That might be the longest and hardest ten years of your life.

    You might want to think about the risks before you sign away ten years worth of lease payments to a shopping center management company. You might want to consider a reduction if the anchor tenant suddenly pulls out or an escape clause at your choosing. Think about it, others didn’t and they are still paying.

    “Lance Winslow” – If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

    What Question To Ask When Renting An Apartment

    When you are looking at apartments, there are some questions to as when renting an apartment. You need to know if the locks are changed. Not all property managers change the locks and count on previous owners turning in all the keys. You might want to ask for the locks to be changed, or ask if you can change them. This will protect you in the future if there are any extra keys unaccounted for by the property owner.

    Another question to ask when renting an apartment is about the utility bills. You want to find out the monthly bill and if there is a budget plan, you can be on to spread out high bills during the winter months. Most property owners have this information, but if they do not, you can call the utility companies and they will tell the information for that address.

    When you think about another question to ask when renting an apartment, you might forget the obvious question about grace periods for late rent. Some property owners give you a five-day grace period to pay the rent, if you go past this day, there may then be additional charges added on for late fees. You need to know this in case it would ever happen. If you are in between paychecks, you might want to save some money so you are always ahead a month.

    The last question to ask when an apartment is if there are any smoke detectors in the building and are they working properly. In addition, you need to know the fire exits that are available to get out of the apartment in the event of a fire. This is very important for anyone renting or buying a home or apartment. You want to make sure there is a safe exit in case the need arises. Many people forget this question when renting an apartment or a house. You might even think of some more questions from past experiences. Ask all the questions you need to have answers for before signing any lease to ensure your peace of mind.

    Some other questions to ask that most people forget about are the school district, the neighborhood reputation, if there is public transportation nearby and garbage collection schedules. These are just some more questions that people forget to ask. Another very important question would be about parking rules and regulations if you are going to park on the street. Many cities and towns that have winter weather with snow and for other reasons do not have parking on streets after a certain time.

    You will want to find out this information because, you may find yourself in need of a parking place that might be farther away from your home. This could become an issue if you have to walk a good distance late at night by yourself. If you think about it, any question is a smart question when renting an apartment. You want to have something that can accommodate you and not have you accommodate it.

    What Are Tenant Loans?

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    If you rent property, then you might think that it is hard to get hold of a good loan. However, this is simply not true anymore, and personal loans for tenants are increasingly popular. If you are a tenant and want more information on how to get a tenant loan, then this article might have some information that can help you.

    What are tenant loans?

    Tenant loans are often referred to as unsecured personal loans or non-homeowner loans. They are for people who do not have th…

    Personal loans,uk,secured,loans,debt,consolidation,compare,apr,bad credit,student loan

    If you rent property, then you might think that it is hard to get hold of a good loan. However, this is simply not true anymore, and personal loans for tenants are increasingly popular. If you are a tenant and want more information on how to get a tenant loan, then this article might have some information that can help you.

    What are tenant loans?

    Tenant loans are often referred to as unsecured personal loans or non-homeowner loans. They are for people who do not have the collateral of property to secure against a loan amount. With house prices increasing, many people are renting property instead. Lenders have noticed this trend and are offering more and more competitive loan terms to people who do not own property.

    Criteria for a tenant loan

    Instead of securing the loan amount against your home, you need to prove to the lender that you are able to pay back the loan amount. This is done by reviewing your credit rating and employment details. If you have a good credit rating and have paid back all your debts on time before, and you are also in stable full-time employment, you should be able to get a loan. The amount you can borrow will obviously depend on your earnings and your credit history. The more you earn and the lower risk you are to the lender, the more you will be able to borrow. However, usually you can borrow between £500 and £10,000 over a period of 1 to 7 years.

    Costs of a tenant loan

    Obviously, because the lender does not have the added security of property against the loan, interest rates are generally higher than for homeowner loans. However, if you shop around you can get rates that are very good, which will help to keep the amount of interest you pay to a reasonable amount. Somewhere in the region of 7-10% is a good figure to look for when trying to get a tenant loan.

    Poor credit rating problems

    If you have poor credit or are self-employed, then getting a tenant loan will be harder. However, it is not impossible to get a loan at a good rate, even if you have poor credit. As long as you can prove to the lender that you are not a huge risk, you should be successful. There are companies that specialise in tenant loans for people with poor credit, but the rates they charge are often higher. Your best bet is to shop around online to find a good deal.

    Fast to get hold of

    Although you might not be able to borrow as much as you would with a homeowner loan, tenant loans do have the advantage of being quick to get hold of. Many online companies allow you to fill in your details online, and because there is no need to value your property you can have the loan in a matter of days or even hours. If you rent property, then consider getting a homeowner loan to cover your financial needs.

    What you need to know about a Rental Agreement?

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    List the components of a rental agreement and how to get one that is suitable for state.

    rental agreement

    A rental agreement is a legally binding contract between the landlord and the tenant that outlines the terms and conditions of the rental.

    This contract document is made up of many components. They are:-

    1. The rental agreement should be very specific on the subject of abandonment. It must clearly define the landlord’s options if the tenant leaves the property without notice?

    2. It should outline the alterations that a tenant can make to the property. The rental agreement should clearly state the kind and extend of the alteration that is allowed or not.

    3. The rental agreement should touch on the subleasing. As subleasing is very popular today, the rental agreement should state your stand very clearly on this subject to avoid future misunderstanding.

    4. The rental agreement should also state very clearly what will happen in the case of defaulting on a payment. The late fees should also be outlined in the rental agreement. The tenant should know up front how much they will be penalized.

    5. As a landlord you should have access to your property for inspection. The rental agreement should detail when and how you will be able to enter the property in order to inspect it, etc. State laws vary on this subject and your rental agreement should conform to the law of the state.

    6. The rental agreement should state who is responsible for the maintenance of the property. If it is a joint responsibility, it should clearly state who is responsible for what.

    7. Payment methods should be outlined on the rental agreement so that the tenant knows how they can pay the landlord.

    8. Like maintenance, utilities are a huge part of any rental agreement. It should be clear on who will pay what bill, as well as which utilities are included in the monthly rent.

    All of the above are important components to any rental agreement. In addition since state laws differ, a rental agreement can have additional clauses depending on where you are located.

    The first place, and usually the best place, that you may want to search for a rental agreement is on the Internet. There are several websites that will supply you with the rental agreement form that you are looking for. One of the more reputable services is located at www.rentalagreements.net.

    You have to pay a small price to purchase the rental agreement that is appropriate for your state but it is much better than drafting your own rental agreement and taking the chance of missing out on something that is crucial.

    The other way to get hold of a rental agreement is to get in touch with a real estate agency. If you are lucky, they may even be able to supply you with a sample rental agreement that you can customize and use as your own.

    A rental agreement is something that you must have if you are going to be renting out any property. State laws differ and your rental agreement needs to meet the laws and requirements of your state in addition to also outlining every aspect of the lease in detail.

    What to Consider before Buying Investment Rental Property

    Rental property can be an excellent way to bring in additional money as well as invest in an asset that is actually tangible; however, investing in rental property does involve more than just purchasing a property and watching the money roll in. Many people believe that the biggest hurdle they may face is obtaining the loan; however, this may be easier than they actually think. It is other issues which you may face along the way which should be considered before you actually take the step of purchasing rental property.

    First, always make sure you take the time to know exactly what you can afford. Many people make the mistake of overlooking this step, assuming that the rent will cover the mortgage payments. If you are not sure of exactly what kind of rent you can get before you purchase a property, you could find yourself in financial trouble later on. You should always research rental properties in your local area to understand the going rates for similar properties. Check the newspaper for information on going rental rates. It is also a good idea to check with your local landlord’s association for rental rate information.

    In addition, you need to take into consideration expenses which may come up along the way. Ideally, you should have a reserve fund established to tide you over in the event you experience emergency expenses or your property is vacant for a period of time. Before you commit to purchasing a property, make sure that you will be able to rent the property for at least an amount that will cover the mortgage as well as still have a sufficient amount left over to cover insurance premiums, maintenance costs, property taxes and income taxes.

    In addition, you need to give some thought and consideration to the type of property that will best suit you. You can find rental properties in many different sizes as well as types. Each of these different types can pull in different rental rates as well as attract different types of renters. So, giving thought to the property that best suits you is really an important step which should not be overlooked.

    For example, if you purchase a property that is near a college or university you are likely going to find that most, if not all, of your tenants are college students. While you may never have a vacancy, you may also find that you have a continual turnover, problems collecting rent and even possible damage to the property itself.

    In addition, you should make sure you understand your responsibilities as a landlord. Keep in mind that your obligations are typically regulated by the state in which the property is located. Some states have very little regulation while other states are highly regulated. If you fail to follow state regulations you could find yourself in for quite a bit of financial as well as legal trouble. It is always best to educate yourself ahead of time.

    Finally, make sure you consider how much insurance you will need to not only property the property in the event of damage or destruction but also to cover all liabilities as well. One liability claim can be enough to cause serious repercussions so this is not an issue where you want to take a short-cut. Remember that it is your responsibility as the landlord to provide liability insurance, not your tenant. If someone should slip and fall on your rental property then it will be you who is responsible, not the renter.

    Rental investment property truly can be an excellent investment and income builder provided that you are prepared and understand what you should expect from the outset. Do not be afraid to seek help where you need it, especially from associations and from professionals such as attorneys. This is the hallmark that can often set a successful rental property investor apart from one who fails.

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    What to Consider When Renting a Motor Home

    Are you interested in renting a motor home? If you are looking to take a cross country trip or if you would like to go camping in style, but you are also on a budget, you may be in the market for a motor home rental.

    If this is your first time trying to find and reserve a motor home rental, you may be unsure as to how you should proceed. Instead of heading on down to your local motor home rental station or rental company, you may want to take the time to examine motor home rentals, namely what you should look for in one. By taking the time to examine your wants, as well as your needs, you will likely find yourself traveling or camping in a motor home that is perfect for you and the rest of your group.

    When looking for a motor home to rent, one of the most important factors that you should take into consideration is the cost. In the United States, you will find a large number of motor home rental companies or motor home rental stations. It is important to remember that not all rental companies or rental stations charge the same rental fees. What you will want to do is think about first comparing prices. This will prevent you from paying too much money for a motor home rental. Also, if you are on a budget, it is advised that you determine, ahead of time, how much money you have to spend on a motor home rental.

    The amount of time that you will need a motor home rental for is also another important factor that you should take into consideration. Before examining for rent motor homes, you may want to speak with a motor home rental representative first. This is because, over the past few years, the popularity of motor home rentals has skyrocketed. Before getting your heart set on one particular motor home, you will want to make sure that the motor home rental of your choice is available for when you need it. It might actually be easier to walk through the lot of a motor home rental company with a representative who can give you this important information right away.

    As for the choosing of a motor home rental, you will want to make sure that the motor home you rent is the right size for you and all of those who will be joining you on your next adventure. Of course, you will want to find a motor home rental that is cheap and easy to drive, but you also need to take the number of people that you will be traveling with or camping with into consideration. Motor homes are nice ways to travel and to camp, but there is nothing worse that being stuck in an overcrowded motor home.

    Before agreeing to rent a motor home, you should examine the features of the motor home in question. You will want to make sure that the motor home you want to rent can provide you with everything that you need, as well as everything that you want. For instance, if you are looking to travel across the country, you may want to make sure that your motor home has a working bathroom, particularly one that includes a shower. Other features that you may want to look for in a motor home rental include a kitchen, spacious sleeping areas, an eating area, as well as a small entertainment center.

    The above mentioned points are just a few of the many points that you may want to take into consideration, when looking to find a motor home rental. As a reminder, it is important that you remember that renting a motor home isn’t your only option. If you would like to do so, you may want to look into buying your own motor home. With a large selection of new and used motor homes to choose from, you may very well find yourself getting a great deal on a motor home that you can call your own.

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    Why Room Rentals?

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    Why should you rent rooms in your house? Maybe you shouldn’t, but then perhaps the money would change your mind.

    room rentals, rent rooms, boarding house

    Room rentals? Why would you want to make your home into a boarding house? Maybe you shouldn’t. I enjoyed having people living in my house, and most of them became friends. On the other hand, you might not like that arrangement. I hated being a landlord when I owned rentals that were not my home. Each of us is different.

    Consider Your Room Rental Options

    You don’t necessarily have to live with the room-renters, so consider all the options available. You could do any of the following:

    1. Rent rooms in your own home and share common space with the renters. This is what I did for several years when I was single, and it worked fine for me.

    2. Partition your home so you can rent rooms without sharing common space.You’ll need at least two bathrooms, and separate entrances to make this work.

    3. Add an efficiency apartment for yourself, so you can have privacy, perhaps still sharing a laundry room with the renters. This is what we did when I married. It also opened up one my previous bedroom, increasing the rental income enough to pay for the new apartment in less than a year.

    4. Buy a house just to rent it out by the room. This can be an excellent way to get cash flow out of homes that might not otherwise be such good investments.

    5. Sublet a room in the apartment you rent. If this is okay with the landlord, it can be a way to afford a nicer apartment, or to get past financial hard times.

    6. Use room rentals as a way to afford a house payment. If you are having trouble buying a home because you can’t afford the payments, you can buy a home with extra rooms and rent them out.

    Consider The Money In Renting Rooms

    The amount you can charge for rent will vary greatly in different parts of the country. Here is what I charged renting rooms in a mobile home in a small town in northern Michigan (a few years ago):

    Small Bedroom: £65 per week times 52 weeks equals £3380 per year.

    Medium Bedroom : £75 per week times 52 weeks equals £3900 per year.

    Large Bedroom : £85 per week times 52 weeks equals £4420 per year.

    Potential Annual Income (I had a couple weeks vacancy now and then): £11,700 per year.

    This was a home that I lived in, remember. I included all utilities in the rent, and I tracked my expenses closely. Including repairs to the heating system, the refrigerator and roof, as well as utilities, garbage collection, cable television, local phone service, property taxes and insurance, my costs the last year I had the house were £3,900 (I had already paid off the £253/month mortgage).

    How do you figure profit when you live in the home? Renting rooms in my home probably added £300 or so to the annual costs. Heating was almost the same cost, as was garbage collection, taxes, insurance, cable television, and phone service. A little more wear and tear and a bit more electricity were the only real additional costs. In other words, almost all the extra income was profit. Or if you want to look at it another way, I lived for free and had £7800 income from the home I lived in.

    Do you want to have thousands of pounds of extra income every year? What would you do with that money? Think about that, and you have the answer to why you should rent rooms.