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Real Estate Information |
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Nobody Loves A Landlord
The typical landlord starts off life as a lighthearted real estate investor. The investor isbrimming with enthusiasm and is determined toacquire some single family homes that will beattractive to renters... and start down the roadto financial independence. Then... Wham! Reality smacks them right inthe face! The investor-landlord is fair game foralmost everyone. Why? Because nobody loves a landlord. It's bad enough that many renters don't quite understandthat without their monthly rent payments the landlordcan't make the mortgage payments on the property. A few renters are surprised to learn that the family room of arental home was just not designed as the place to rebuildmotorcycles. Nobody loves a landlord. And then... how many legal hoops must the landlord jumpthrough? In most states tenant/landlord law favorsthe tenant in many ways For example: A tenant signs a one year lease. Six months later thetenant breaks the lease and moves. Now the law demandsthat the landlord find a new tenant for that unit asquickly as possible. Yes, the tenant only has to pay rent until the new tenant is found... but the burden falls on the landlord. Why shouldn't the tenant... the one who broke a contractual promise have to find the replacement tenant? Why? Because nobody loves a landlord! Here's the first paragraph of a story in my morning newspaper "A huge marijuana garden of 212 plants nurtured by an intricate irrigation and lighting system worth ten of thousands of dollars was uncovered inside a West Valley rental house Saturday." The house was vacant except for the cash crop and I can'thelp but wonder if the growers were getting governmentfarm subsidy payments? The home has an out-of-state owner. Some poor investor whothought he would cash in on the fast-rising Arizona home values. Here's the kicker. That investor could be held responsible, becausehe did not properly supervise the use of the property! Many areashave such laws. Why? Because nobody loves a landlord! This should be a reminder to all of us that a rental house orunit is not a set-it-and-forget-it investment. Every good leaseor rental agreement has an inspection clause that allows thelandlord or his representative to periodically enter and takea look at the condition of the premises. Are you doing that? You should be, because... Nobody loves a landlord! About the Author: Mark Walters is a third generation real estate investor who shares his experience from his Web sites:http://www.lease-option-sub2.com
MORE RESOURCES: ‘Given up’: Property giant’s verdict on Aussies news.com.au Boathouses Go Next Level at These Five Mansions Mansion Global The long road to recovery for LA’s property market The Real Deal Homes for Sale in New York and New Jersey The New York Times Erie County real estate transactions Buffalo News Downtown Knoxville IRS offices included on list of possible federal real estate spending cuts WBIR.com The Great American Insurance Retreat: Climate Change, Uninsurable Homes, & The Future Of Real Estate CleanTechnica REAL ESTATE | VIDEO | Perfect country property in Dodge County | By Wendy Wendorf - Homestead Realty washingtoncountyinsider.com Trade Alert: Independent Director Of Apollo Commercial Real Estate Finance Carmencita N. Whonder Has Sold Stock Simply Wall St Central Mass. real estate transfers, Sunday, March 9 Worcester Telegram Macomb County real estate transfers recorded Sept. 30-Oct. 4, 2024 The Macomb Daily An investor's 3-part 'build-to-rent' strategy is making him $330 a month per unit. It has him on track to retire early. Business Insider U.S. Government Hits Pause on Massive Commercial Real-Estate Sale The Wall Street Journal Crain’s Cleveland hires Smith to cover residential real estate Talking Biz News How Nigerian leaders spent millions on SC real estate amid US retreat from dirty money fight The Post and Courier DOGE claims $13.6 million in real estate savings in Alaska Alaska's News Source Real Estate Property Transfers Spring Hill for Feb. 3, 2025 Williamson Source Vendor & Real Estate Partners Dollar Tree, Inc. In Good Company: Discover Brooklyn’s Real Estate Gems with MM&Co. (sponsored) Brooklyn Bridge Parents Exclusive | Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul The Wall Street Journal Berkshire region real estate sales – March 7, 2025 theberkshireedge.com Trouble Signs For Real Estate Market In Palm Beach County BocaNewsNow.com America Builds: Making Federal Real Estate Work for the Taxpayer The House Committee on Transportation and Infrastructure The Michael Houck Real Estate Guide for March 9 Oil City News Sonoma County real estate market turns turbulent, though 7 areas show improved year-to-year sales prices The Santa Rosa Press Democrat Palm Beach house sells near Trump's Mar-a-Lago, marks fourth sale there since mid-December USA TODAY Godfrey - Home for sale RiverBender.com China’s real estate market keeps stabilizing as government policy support boosts confidence: Minister Global Times OT Real Estate Spotlight of the Week: 5457 Ridge Pointe Court The Owensboro Times DOGE claims $17 million saved in federal real estate terminations in Georgia. Here's where Online Athens Charming Southern metro nicknamed the 'Scenic City' sees housing boom in state with NO income tax Daily Mail Pushback in eXp, Weichert settlements called ‘self-serving’ Real Estate News Suburban cities, developers eye office space but high-rise downtowns outside Austin still years away The Business Journals This CT metro area has the 'hottest' real estate market in U.S., according to realtor website CT Insider Inside Saratoga's largest mansion, now listed for $24.9M The Business Journals Real estate stocks down with import of timber, lumber, derivative products under scrutiny Seeking Alpha Smartleaf Asset Management LLC Buys 479 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Defense World Tariffs are a ‘key part’ of Trump’s strategy to ‘level the playing field’: Real estate broker Fox News Healthcare Commercial Real Estate Finance Veteran Amy Heller Joins Meridian Capital Group Business Wire DOGE cuts 13 real estate contracts, federal offices in Mississippi. Where are they? - Clarion Ledger Real Estate Stocks To Keep An Eye On – March 7th Defense World RNR Real Estate Briefs – Texas & more Realty News Report $1.3 million Dover townhome tops Strafford County market. Here's lowest-priced home, too. Foster's Daily Democrat Apollo Commercial Real Estate Finance (NYSE:ARI) vs. Arbor Realty Trust (NYSE:ABR) Head to Head Survey Defense World UW and NFL great Lawyer Milloy lists Woodinville estate for $7.8 million seattlerefined.com Chetrit family faces a reckoning after decades of success in NY real estate Crain's New York Business Real Estate Newsletter Articles this Week: Property Insurance Costs Rose at a Record Rate in 2024 Calculated Risk Red Bank's Denholtz has created a $2B real estate empire; now they want to get bigger Asbury Park Press National Bankshares Forecasts Strong Price Appreciation for Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Defense World Chattanooga housing market heats up in Tennessee Fox Business What were the 5 most expensive homes sold in Petaluma last week? The Santa Rosa Press Democrat County Official Sees Growing Strength in Real Estate Franklin Observer ‘Extremely pissed off’: LeFever Mattson investors wonder why troubled real estate moguls have escaped accountability The Santa Rosa Press Democrat Is a 6.5% Mortgage Rate the 'Magic Number' to Turn the Local Real Estate Market Around This Spring? TAPinto.net Raymond James Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Defense World National Bankshares Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Defense World REAL ESTATE | 92+ acres of farmland in Rubicon, Wi | By Jim Emmer – Emmer Real Estate washingtoncountyinsider.com Here are recent property transfers up to $1.4 million St. Albans Messenger A couple making $28,000 a year in passive income from real estate used an out-of-the-box approach to buy their first rental Business Insider Elevate Your Real Estate Experience: Insider Tips Cape Cod Daily News Gambling on Las Vegas? Sin City Housing Market Softens as It Suffers Affordability Crisis Realtor.com News ‘The Hunger Games’ made this historic NC mill village a worldwide draw. It can be yours. Rock Hill Herald |
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