Carrie Kirby and her family faced a tough choice when they left Chicago in 2012 to return to California. The Chicago Tribune columnist wrote about having to decide between selling her and her husband's Illinois home at a loss or becoming landlords. They chose the latter.
Many homeowners confront this same scenario, as circumstances force a family to move.
It could be landing a new job, searching for better schools or even inheriting a property. With the housing market beginning to pick up, many hope that selling the old house will be a snap, but the fear is that if it doesn't sell quickly, there will be two mortgages to pay.
More people than ever before own two homes. Sure, some of those dual addresses belong to owners who deliberately bought a vacation getaway property as a second home. Others, however,
own two… Read More »
Alarm is spreading among rental property owners over a proposal that would hold them liable if they failed to stop their tenants from harassing other tenants who are protected by anti-discrimination laws.
The Federal Department of Housing and Urban Development rule could be enacted as early as this fall.
What has landlords with multiunit properties worried is that they would be held responsible for failing to stop discrimination action by one… Read More »
The green movement may be about environmental consciousness and conservation, but when it comes to your rental properties, there may be an added bonus to going green – it may lead to more green in your wallet.
As international lawmakers have focused on greener policies, energy consumption has become an area of increased regulation.
The trend started with increased attention from government regulators on energy consumption. That led to tax breaks… Read More »
Things were getting out of hand at the small senior center in Quebec City. Hordes of people gathered every evening on the lawn of the private center on a quiet residential street. Strangers set up chairs and spread blankets as if it were a public park. Using smartphones loaded with a hot new game, the crowds played late into the night.
Some nights, according to seniors who live at the site, groups of… Read More »
Technology has cut overhead and shifted record-keeping from piles of paper to management software, lease form automation and cloud-based storage. Understanding and making the most of these new tools will allow you to delegate some of the many tasks on your landlord to-do list.
Email is the new social security number
One hugely convenient technology improvement is the ability to scrutinize tenant applicants entirely online. Landlords no longer have to… Read More »