If you are a landlord, one of the most important things you can do is screen your prospective tenants carefully. This can prevent losses of thousands of dollars in damage, unpaid rent, and court costs associated with evictions. However, if you do not screen properly or use the right metrics to evaluate potential tenants, you may waste your time and money and still be …
Should I Let My Tenant Sublet?
Subletting is popular among renters and can be the perfect solution to a tough situation involving your tenant’s inability to pay for a rental he or she has already leased. However, there can also be many drawbacks to allowing your tenant to sublet the rental. Tenant do not have a legal right to sublet their rental. Rather, it is completely up to the landlord to allow …
Should I Be a Landlord?
Owning a rental property can be an excellent asset for generating extra income. Some people even go into the rental business full-time, completely living off of their rental properties. Owning property is a good investment. When you live on the property you are generating expenses; when you rent the property out, you are generating income. However, being a landlord is not for …