|
Author: Mark Walters Article source: http://usa-real-estate-guide.info/. Used with author's permission.
The typical landlord starts off life as a light
hearted real estate investor. The investor is
brimming with enthusiasm and is determined to
acquire some single family homes that will be
attractive to renters... and start down the road
to financial independence.
Then... Wham! Reality smacks them right in
the face! The investor-landlord is fair game for
almost everyone.
Why? Because nobody loves a landlord.
It's bad enough that many renters don't quite understand
that without their monthly rent payments the landlord
can't make the mortgage payments on the property.
A few renters are surprised to learn that the family room of a
rental home was just not designed as the place to rebuild
motorcycles.
Nobody loves a landlord.
And then... how many legal hoops must the landlord jump
through? In most states tenant/landlord law favors
the tenant in many ways
For example:
A tenant signs a one year lease. Six months later the
tenant breaks the lease and moves. Now the law demands
that the landlord find a new tenant for that unit as
quickly as possible.
Yes, the tenant only has to pay rent until the new tenant
is found... but the burden falls on the landlord. Why shouldn't
the tenant... the one who broke a contractual promise have to
find the replacement tenant?
Why? Because nobody loves a landlord!
Here's the first paragraph of a story in my morning newspaper
"A huge marijuana garden of 212 plants nurtured by an intricate
irrigation and lighting system worth ten of thousands of dollars was
uncovered inside a West Valley rental house Saturday."
The house was vacant except for the cash crop and I can't
help but wonder if the growers were getting government
farm subsidy payments?
The home has an out-of-state owner. Some poor investor who
thought he would cash in on the fast-rising Arizona home values.
Here's the kicker. That investor could be held responsible, because
he did not properly supervise the use of the property! Many areas
have such laws.
Why? Because nobody loves a landlord!
This should be a reminder to all of us that a rental house or
unit is not a set-it-and-forget-it investment. Every good lease
or rental agreement has an inspection clause that allows the
landlord or his representative to periodically enter and take
a look at the condition of the premises.
Are you doing that? You should be, because...
Nobody loves a landlord! About the Author: Mark Walters is a third generation real estate investor who shares his experience from his Web sites:
http://www.lease-option-sub2.com
http://www.CashFlowInstitute.com
Where Do You Go For Your Intellectual Feast?
(excerpted from Leading an Inspired Life)
Are Web Graphics Stealing Your Money?
They might not be wearing a mask and carrying a gun, but if you've got images on your web pages then they could be costing you a lot more money than you think e...
Trust Jesus (and Stress and Fear will Disappear)
The weight of the world had decided to settle on my shoulders. The car insurance was due and I simply did not have it. The cable went out on Wednesday, and I lo...
Instant Messaging through Mobile Phones
How to connect to instant messenger networks such as MSN, Yahoo!, ICQ and AIM through todays mobile phones.
Trends in Stylish Swimwear
Do you remember when the only choices for swimwear were a bikini or one piece? Those days are long gone. Nowadays, swimwear features more styles and color selec...
Problems in the Media
I am noticing an increasing and alarming rate to which the media journalists in all forms use the media for public opinion and not for news. Whereas this is no...
Inspirations: Even More Things Ive Noticed Along the Way So Far
I have just one question for husbands (or wives for that matter) who don't believe in marriage counseling. "Do you believe more in dovorce?"
Hey, Mr/Ms Manager!
Does it really make sense to bet your PR budget on results like newspaper mentions and zippy brochures while your all-important outside audience behaviors are p...
Press Releases for Every Occasion
Your press release has
to have a "hook", be well-written and sent to appropriate
journalists in an active, not passive, manner. But there's
another part of the...
Shih Tzu - We Create Emotional Bonds With Our Training Lessons
I have read and continue to read books on training. At this point, I feel like whichever method (without cruelty, of course)
Do It! A Guide to Starting an Internet Business
The first thing I did was start searching the internet for a work at home business that would fit me. You it and there are tons information on the internet.
Do You Need Help With Dry Skin?
As we get older our skin produces less of the natural oil that helps it retain its moisture. There are many contributing factors that can dry our skin.
Going Where Youve Never Gone Before
One of the first issues people on the spiritual path have to address is a doctrinal one: Is it wrong to ask questions that I've never asked before? Is asking qu...
Looking for a Qualified Medical Billing Specialist
This article not only explains the types of information a medical billing specialist should be familiar with but also the types of information that families, mo...
What Employers Look for in Freelance Writers
Freelance writing is as much about selling yourself as it is about writing. With this in mind, we asked some of the employers who use our site, and others like ...
Here Comes the Bride
A wedding is a big event for the bride to be. She imagines it
to be a day of perfection, a day of beauty and most of all, a
glorious time when she will come t...
How To Choose A Good Autoresponder Service
Ask any veteran Internet marketer about converting visitors into sales, and you'll get one answer: it's all about the follow-up.So how do I choose a good autore...
Having A Sweet Tooth May Not Help Your Acne
Many dermatologists and acne sufferers believe that excessive sugar consumption aggravates acne conditions. Many other dermatologists, however, do not believe ...
What Type of Doctor Should I See Under My HSA?
The Health Savings Account (HSA) is a great tool to save money on health insurance. This article examines the best types of doctors to see when you're paying fo...
Staying Out of Trouble with Your Driver
So what is it that's really causing problems with your driver? Is it a slice, a hook, or just flat-out inconsistency?
All Small Businesses Need to Gather Community Intel
How well do you know your community? As business owners it is essential that we know our communities intimately. Have you ever made the effort to learn more abo...
Inside-Information Regarding Your Motor Vehicle Accident Insurance Claim
Here's some "Inside-Info" you must know so you won't be taken advantage of on your motor vehicle accident insurance claim and also: SO YOU CAN COLLECT EVERY DOL...
Wholesale Scrapbooking: Should You Start A Direct Sales Scrapbooking Business Just The Discount?
Have you ever thought about signing on with a scrapbooking direct sales company,
just to get the discount on your own supplies? It can be a great way to get yo...
Doh! IRS Loses Taxes In San Francisco Bay
On September 23, 2005, the Internal Revenue Service began sending notices to tax payers in thirteen states that there may be a problem with their tax payments. ...
|
Print this page