Explain your strengths as a renter. The only way a landlord will lower rent for you is if you are someone they’d really like in their property. Explain to them why they should: highlight your positive history of making rental payments on time, taking good care of past apartments, and ...
Before you send a rent increase notice, you need to know why you’re increasing your tenants’ cost of living. (They’ll likely want to know as well.) Some residential property managers will raise rent by the maximum allowable amount with every annual lease renewal. Others prefer to do it...
Renting Without a Lease If you don't have a lease, you have an oral agreement. For example, if you agree to pay $500 per month, you're considered a month-to-month renter. In most states, the landlord can raise the rent by any amount at the end of each month. However, there migh...
To finish the letter, you should add a thank you and the tenant’s information, such as name and contact number. Below, we leave you a format ready to download. LATE RENT PAYMENT LETTER TO LANDLORD When should the rent arrears letter be sent to the landlord? This type of letter comes ...
Why you’re planning to move Once you’re in the apartment, try envisioning yourself living there. Take your time to observe and raise any concerns to the landlord or agent. This is also when you can go into the finer details like whether you’re allowed to cook (and if there are alre...
Your landlord raises the rent in the middle of your lease. If you’ve signed a one-year lease, your landlord cannot change the terms mid-year. If you have ashort term rental, like a month-to-month lease, the landlord can up the rent, but needs to give you 30-day notice. ...
rather than paying rent which always seems to rise year after year. Some portion of your monthly mortgage goes into your own pocket, so to speak. However,experts remain divided on the pros and cons of owning your own home, and a home is not a good investment at every price, as homebuye...
Regardless of how long you've lived in a rental home, your landlord always has the option of selling the property. As the current tenant, your landlord may give you the opportunity to buy the house. Preparing yourself for the possibility of buying can help you secure a loan with no hassle...
How to Get a VA Loan in 7 Steps Closing Day: What a Buyer Needs to Do and Bring How Does a 1% Interest Rate Change Affect Your Buying Power? Thinking about buying but not sure where to begin? Start with our affordability calculator. ...
Buying real estate to rent can be lucrative but, like any investment, should be undertaken only after some solid research. Key Takeaways A hands-on landlord needs a broad array of knowledge, from basic tenant law to how to fix a leaky faucet. ...