State-Specific Legal Forms Landlords Trust
Contact Us

Local Laws & Info

Outside the U.S.? Click here
GR96_Square_7-16-18

Acquisition tenants can be an added bonus when purchasing a rental property. The landlord inherits a paying tenant as soon as the house closes, allowing them to start making money right away. After closing, most mortgages allow for up to 60 days before the first payment is due, depending upon the terms of the loan, so this is a great time to save up before the first payment is due.

However, the inherited tenant can also come with complications. An acquired tenant who is not paying their rent, is otherwise violating their lease, or who is causing other problems can mean early headaches on a newly purchased property.

Read More »

GR95_Square_7-16-18

As always, this article does not provide or imply legal advice. Check with your local, state, and federal laws. This article provides some guidelines to keep in mind as you begin your tenancy with an acquired tenant.

Purchasing a property with an acquired tenant can be a wonderful experience, where you’ll benefit from instant cash flow without having to find and place a tenant. It can also be scary, as you wonder whetherRead More »

GR94_Square_7-16-18

An acquisition tenant is an inherited renter currently residing at a property that you buy. Acquisition tenants come in all varieties. They may be in typical 12-month leases, or often they have lived at the property for years. In some cases, paperwork for these tenants may be old, incomplete, or nonexistent. Most importantly, these are tenants that you did not get to screen, choose, or have a say in selecting. They come with the property.Read More »

GR91_Square_6-21-18

There are two options for managing your rental property: hiring a property manager, or managing the unit yourself. If you happen to live far away from your rental, that doesn’t necessarily mean self-management won’t work for you. Although it may seem daunting to manage your property from afar, it can be done, and technology can help you do it.Read More »

alex-perz-627221-unsplash300

Neither landlords nor tenants enjoy handling the cost of utilities, which leads many people to try alternative options to heat or cool their residences. For example, a tenant may try to use space heaters to reduce their monthly heating bill. While using a space heater may be a great option to keep you warm in a confined space, using several will likely lead you to spend more money than you’re saving.

Read More »

View related threads in the Real Estate & Landlord News Forum »

Recent Educational Articles

FSBO_invest_purchase Does Selling Your House FSBO Really Save Money?
Selling 'for sale by owner' does not guarantee more profit in your pocket just because you are saving on realtor costs. Furthermore, while some FSBO do work out well, they are not all equal, as they depend on the house and the market. Read More »
Halloween_Decoration-Housesq Tenants Overdoing Halloween Decorations?
A realistic dummy laid on a lawn in Michigan each Halloween caused panic when passersby didn’t realize it was a prank. Many thought someone was seriously hurt and called 911 as the homeowner giggled inside the house. A much more gruesome scene, hosted each October on a front porch in Texas, included a child’s crib filled with zombie babies. And, in Illinois, a homeowners association felt compelled to enact new rules about Halloween displays after receiving complaints about a home whose decorations included 2,000 lights that blazed for weeks. Read More »
GR84_Square_3-29-18 The Problem-Child Tenant: When to Cut Them Loose
It’s time to send a renewal to that tenant who ruins your day! Before you decide whether to renew, take a closer look at the problem to see if it can be fixed during the renewal process. Read More »
GR77_Square Does Accepting Prepaid Rent Make Sense?
More and more tenants are requesting to pay their rents all at once, for many reasons. Whether they just sold their house, or they want to offer a lump sum due to a poor credit rating, the occasional tenant may want to put a large quantity of cash in your hand. While that sounds like a dream come true, it is important to evaluate why the tenant is requesting this, and if this makes sense for you. Read More »
GR81_Square_2-27-18 How to Appreciate Depreciation
Depreciation is a tool used by landlords to lower their overall tax bill. It is a deduction that must be paid back when you sell your property, whether you have claimed it on your taxes or not. Read More »
Contact US - Live Assistance Avialable
Contact Us! Live Assistance Available
Call us with questions or comments
1-877-367-6771 Call us with questions or comments
Fox Business Logo CBS Radio Logo msnbc Logo The Wall Street Journal - WSJ - Logo CNN Money Logo
Carbon Free - CarbonFund.org Click to verify BBB accreditation and to see a BBB report. website security
ez Landlord Forms products and services are reviewed and approved by attorneys, accountants, fellow landlords, or industry experts.
ez Landlord Forms is not a law firm and our products and services are not a substitute for the advice of an attorney.
Copyright © 2006-2018, ezLandlordForms LLC. All Rights Reserved. | Privacy Policy | Terms & Conditions | ezLandlordForms Affiliate Program
Version: 1.155.0