Having a tenants gas, electric, or water service get disconnected is a serious situation that must be addressed by a landlord quickly, but fairly. A tenant that has let a utility bill lapse to the point of disconnect is probably experiencing a severe financial hardship. If they have not let their rent lapse yet, chances are that is going to be happening sooner than you would think.
Continue reading ‘Dealing With Tenant Utility Disconnect Notices’
Part of buying and selling real estate are the fees that add up as a transaction comes to a close. Overlooking closing fees can be very damaging to the bottom line of a project for an investor, and not being aware of closing costs in a residential transaction could leave a home owner wondering where the profit from their sale went!
When selling in Western New York, plan ahead for the following expenses:
This list is not all inclusive, and the figures may vary depending on who you use to complete various aspects of the transaction, but the core principal remains the same: Plan ahead for closing costs!
(Thank you to contributing editor and real estate broker Ken Nagel for his assistance on this article.)
(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
Tenant screening is an important, but often overlooked, responsibility of the investor. Prospective tenants are not always truthful on their rental applications (assuming one was filled out to begin with!). Because of this, it is important to check prospective tenant references. This is a quick and dirty guide to the questions you should ask.
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This is a guest post from the team at RentingYourHome. RentingYourHome provides quality information to landlords about prospective tenants, and helps landlords screen potential tenants.
Get ready for this spring by tuning up your rental properties! Completing preventative maintenance helps limit surprises and keeps overall operating expenses (and tenant complaints) lower.
