Rent or Sell Inherited Property?

One of the most common scenarios in which people unexpectedly find themselves thrust into the position of becoming a potential landlord is by inheriting property. Just because it hasn’t happened yet, becoming the heir to your parents’, grandparents’ or other relative’s home can easily happen to you. Regardless of the current state of the “FED” […]

Continue reading

Becoming an American Landlord – Introduction

Whether you’re getting started, getting frustrated or just not getting it all, becoming a successful landlord is not always easy. Be it on account of the maintenance, the tenants, the financing or the remaining list of unforeseen potential pitfalls, owning rental property can often be downright frustrating – however, it doesn’t have to be that […]

Continue reading

Accepting a Tenant with Foreclosure History

It’s hard to reject someone who is facing foreclosure. After all, this is why the person wants to rent from you in the first place. It’s a very depressing situation to be in – they are losing their home, have no place to go and their credit is shot due to several late payments. In […]

Continue reading

When Tenants use the Divorce Excuse for Bad Credit

Here is what you need to find out and why: When did the divorce occur? It is important to understand the approximate time frame in which you would expect to see the derogatory information begin to appear on the credit report. If the majority of debt with negative remarks appears years before or after the […]

Continue reading

The Importance of a Rental Application

It’s hard to paint a masterpiece without a quality canvas. The importance of a rental application is often misunderstood and cannot be stressed enough! Don’t think of it as merely a piece of paper to collect a name and a phone number. It can be an invaluable tool, providing essential data and even offering legal […]

Continue reading