These stories are not fiction; they are true stories taken from actual BiggerPockets members and just a tiny sample of what a real estate investor often must go through as a landlord. However, by learning how to screen tenants effectively, you can reduce the chance of this happening and ...
No matter how careful a landlord you are in screening and choosing tenants, it is likely that at some point you will find yourself needing to know how to evict a tenant. Before you begin a legal proceeding, try talking with your tenant to resolve the problem. If that doesn’t work, you...
Learn the eviction process in California. Step-by-step guide for landlords on how to legally evict tenants under California eviction laws. 7 min read updated on October 04, 2024 Key Takeaways: Landlords must follow legal grounds for eviction, such as unpaid rent or lease violations. Properly...
The holding is sold in this case and the proceeds are divided among the tenants according to their respective shares of the property. Property Taxes Under Tenancy in Common A tenancy in common agreement doesn't legally divide a parcel of land or property so most tax jurisdictions won't ...
If you don't properly screen potential tenants, you might end up with someone who damages your property, causing you financial strain and countless... Nov. 21, 2024 How to Conduct a Background Check for Your Nanny: Ensuring Your K... Does the idea of leaving your child in the care of...
While not exactly damage, your tenant could introduce bedbugs, roaches, or other pests to your property. Such insects can be difficult and costly to get rid of. Unfortunately, some tenants may intentionally vandalize your property and steal from you. In some nightmare situations, landlords have ...
“If a tenant burns themselves on your stove, they’re more likely to sue you for that,” Dearing points out. Tell your insurance broker that you’re going to have tenants coming and going from your guest room, and ask what you need to do to protect yourself. They’ll know which ride...
Learn how to strengthen tenant relationships and navigate repairs effectively. Blog 12 min read How to Write a Room Rental Agreement for the Perfect Roommate A room rental agreement is a legally-binding contract that outlines responsibilities of a tenant renting a room and the person who owns......
Now that your property is owned by the LLC, you will need to update all related paperwork, particularly any lease agreements, if applicable. Moving forward, your tenants should be paying rent to a separate bank account owned by the LLC and no longer to you as an individual. ...
There are legitimate “we buy houses” companies out there. If you contact (or are contacted by) one of them and decide to sell your house to them, you will get a legitimate cash offer and the sale will proceed officially and legally. There are some downsides to this, which we’ll tal...