Landlords across the nation had a unique perspective last year when it became clear that one of their own would be moving into the White House. Real estate investors couldn't help but hope for an income boost since, while the new president's current financial success is closely tied to branding efforts, his family built its fortune on New York residential real estate.
Hopes for cuts in taxes and reduced government oversight excited investors and capitalists of all stripes, writes the New York Times' Gretchen Morgenson.
“When Donald J. Trump won the presidential election, investors seemed positively giddy about what he was going to do to improve the nation’s economy. Believing that his promises to reduce corporate taxes and curtail costly regulations would unleash economic growth, investors pushed stock indexes to new heights,” writes Morgenson.
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Congratulations! You launched your property management career and are officially a landlord. Although you have a new mortgage to pay, insurance to buy, and maybe some home repairs to cover, a small investment in some key tools will help you run your new business effectively.
Here are some suggestions based on the experiences of veteran landlords:… Read More »
It's so easy for landlords to get the word out when they have a unit for rent. They simply post a description and photos online – usually for free – and get a world of tenants at their fingertips.
Why, then, are online rental ads often so unappealing?
Go ahead; choose any neighborhood, enter a few parameters and start going through the photos that pop up.
Harrisburg, Pa. apartment complex: Two of the three shots… Read More »
You gathered a pile of applications for your rental property. You narrowed it to several finalists and, after screening a few backgrounds, you finally settled on the best candidate for your next tenant.
Now, that tenant is backing out of the lease at the very last minute. What should you do, besides tearing your hair out?
It depends on whether or not the tenant signed your lease agreement, and whether you… Read More »
You want your tenants out and you want them out today. You have been more than patient, your tenants are taking advantage of you, and things are only going to get worse.
So, why can't you just kick them out immediately? Wouldn't any judge understand that eviction is appropriate under these typical scenarios?
• Tenants haven't paid rent in months.
• Tenants let other people move in and never told you… Read More »