Landlord Tips
The Casual Landlord: Avoiding Tenant Problems Before They Start
Finding the perfect tenant can be challenging. Most landlord/tenant “situations” start out amicable, with each side excited about the prospect of the tenancy and with no intention of disputes. But don’t let that cloud judgement, a careful landlord will do her homework before opening the apartment to occupancy by someone who might not live up …
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The 1031 Adviser: Converting 1031 Replacement Property into a Principal Residence
It’s not uncommon for an investor to convert a property held for business, trade or investment into one’s principal residence. Change in investment potential of the property, or a desire to get out of the landlord business, might make the investor decide to change the use into one held as a primary residence. And prudent …
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The Casual Landlord: Dealing with the Security Deposit When the Tenant Leaves
Without a doubt, the most common dispute among landlords and tenants is over the disposition of the security deposit when the tenant leaves. Landlords complain when tenants want to use the security as “the final month’s rent,” but tenants argue that when they do pay the final month, landlords unlawfully withhold security knowing that the …
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The Casual Landlord: Dealing with the Non Paying Tenant
The non-paying tenant can be devastating to your financial plans for the property. In addition to the obvious issues of cash flow, a non-paying tenant in possession continues to have access rights, and can interfere with a landlord’s plans to market and sell a property. And eviction is also expensive and time-consuming. And typically the …
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The Casual Landlord: Some Advice for First Timers
Being a landlord is not an easy line of work. And in this market where some homeowners opt to become landlords “temporarily” and rent their empty home until market conditions improve, it’s easy to end up in a far worse financial situation than you were in before taking on the landlord role. Here are a …
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