Your Responsibilities and Rights As a Tenant

Whether you are renting as a family or for the first time as a tenant in student accommodation, it is important that you understand what is expected of you as a rental tenant as well as knowing where you stand when it comes to your legal rights. We have compiled a must-have guide detailing the…

Whether you are renting as a family or for the first time as a tenant in student accommodation, it is important that you understand what is expected of you as a rental tenant as well as knowing where you stand when it comes to your legal rights. We have compiled a must-have guide detailing the rights and responsibilities of a tenant for those of you currently looking for a property to rent.

Your tenancy agreement will give you all the information you need in regards to your legal rights as a tenant. You will receive and sign your tenancy agreement when you have secured your property to rent; the 4 to 5 page document is an essential piece of reading for every tenant, whether they have rented before or are renting for the very first time so be sure to read it thoroughly before signing.

Every tenancy agreement will detail the name and contact details of the landlord, letting agent and tenant, how much you are expected to pay per month, any conditions (ie wherever all bills are included in your monthly rent) as well as when your rent and term of tenancy is due for review. The agreement will also clarify how much you have to pay as a deposit as well as the procedure should you wish to move out. Details surrounding the keeping of pets and the duties of the landlord in terms of regular household maintenance may also be put into writing.

How and when to pay rent should also be detailed in your tenancy agreement , as well as your responsibilities when it comes to keeping up with other bills such utilities (gas, electric and water), council tax, TV license and internet.

As well as the information detailed in your tenancy agreement, there are a few unwritten responsibilities when renting a property. Respecting your neighbors and other members of the community is one of them and excessive noise pollution from your rental property can potentially lead to eviction. In addition to this, obstruction areas that are used by other people in the local area is also a no-no, which can be easily done if you are new to the area and unfamiliar with waste collections etc.

Ask your landlord or letting agent about local bin collections and other dos and don'ts to make your stay in a rented property enjoyable and your relationship with your landlord, letting agent and the wider community a great one!

Furnished Flats – A Home Away From Home

Looking for a perfect place to stay? Hotels are not always the best option, especially if you are planning for a long stay in an unfamiliar city. They may offer you luxury but the price that you have to bear is excessively high. If you are on a business trip and can not afford to…

Looking for a perfect place to stay? Hotels are not always the best option, especially if you are planning for a long stay in an unfamiliar city. They may offer you luxury but the price that you have to bear is excessively high. If you are on a business trip and can not afford to spend much on your stay, look around for furnished flats in the city.

These flats are not only comfortable but are also cost-effective. So, they are perfect for business travelers who are in the city for a few weeks. These completely furnished homes are also good for people who are relocating to a new city or town. Even tourists search for furnished vacation homes to stay while they are enjoying their trip.

These flats are very popular, here are some of the reasons behind their popularity.

A home away from home

This type of apartment has all sorts of homely amenities that you can use when you need them. There is a kitchen, with utensils, ovens and stove which allows you to cook your own meal. You do not have to rely upon restaurants or unhygienic roadside eateries for your foods and snacks.

Most furnished apartments have washing machines and dryers. You can wash your clothes and soiled wardrobes as par your need. This will help you to save a lot of money that you must have spent on expensive laundry services.

Comfortable place to stay

If you are traveling with your family, you need more space to stay. It is not always possible to book separate rooms for every member. So, you are bound to adjust in a single room. This may sometimes become stuffy and uncomfortable. You can not even think of having a private enclosure. This becomes more awkward if you are sharing your room with a coworker and not your family.

In comparison to this, furnished flats are extremely spacious. You can select a two or three bedroom flat according to your need. With such an arrangement at your hands, there is no need to compromise with your privacy. Each member can now have their own personal space within a single household.

Cost-effective

Last but not the least, is the cost. Considering the cost is important when it comes to finding a place to stay in a big city. Luxury hotels with five-star facilities are always very expensive. You can never afford them, especially if you are planning to stay for a long time. It is better rent a furnished flat in return of monthly or weekly payments. These rent plans help to save a lot of money from the people residing in these apartments.

With so many facilities, it is obvious that furnished flats are the best place to stay wherever you are on a business tour or on a family vacation.

Top 5 Reasons Why Vacation Rental Properties Are Popular

If you are on a vacation but do not want the idea of ​​staying in a hotel room, try grabbing the advantages offered by vacation rental properties. Discussed Herewith are the top reasons why this type of properties has become popular over the past years. They are cheaper. Vacation enthusiasts always look for ways to…

If you are on a vacation but do not want the idea of ​​staying in a hotel room, try grabbing the advantages offered by vacation rental properties. Discussed Herewith are the top reasons why this type of properties has become popular over the past years.

They are cheaper.

Vacation enthusiasts always look for ways to less their expenses in order to enjoy more of the specific place they visit. Usually, they cut on lodging to be able to go to more tourist attractions. Vacation rental properties are generally cheaper than having to occupy a hotel room.

They offer the convenient setting of a home atmosphere.

Vacation rental properties give travelers the comfort and convenience of staying in a place that offers a home setting. Every day, after a tiring day of going here and there, travelers can have a relaxing retire in a space they can call their second home. The home setting of vacation rental properties create impressions that travelers have not actually left their homes. Like the usual homes, travelers can cook for themselves at fully functional kitchens. They can also enjoy the functionalities of other house parts like the living room, dining room, bath room, and bed room.

They have full-scale features and amenities similar to top-notch hotels.

Who says that vacation rental properties do not have features and amenities to match those of hotels? From swimming pools to game rooms and billiard halls to bar areas and theater rooms – vacation homes offer a wide range of extras to make the stay of travelers worthwhile and memorable. Adding a touch of relaxing comfort are landscaped gardens and lawns where the temporary residents can interact with the wind and sun. The available space to move freely and privately is far better than what is offered by most single rooms in a hotel.

Vacation rental properties are well-maintained.

To attract more travelers to spend a few days and nights in their concessions, vacation rental properties are made attractive and appealing by their owners. The property owners ensure that their vacation homes are well-maintained all throughout the year because travelers do not choose specific season when they want to visit a certain place for leisure and adventure. The owners also make sure that the properties are clean and in good shape to be at par with competitive properties and hotels.

Vacation rental properties have 24/7 on-site assistance.

Making the stay of temporary residents in vacation properties is the 24/7 on-site assistance given by the owners. The temporary dweller can keep in touch with the owner or with the management company and raise concerns like immediate fixes on faucets and other fixtures in the property.

If you are contemplating going after a vacation and do not have a place to stay yet, why not let your local local real estate agent jump in and help you find the right vacation rental property that suits your budget and personal preferences.

Tips in Finding Furnished Apartments for Rent

Hotel rates keep going higher and higher everyday as the cost of living increases, which is why the advent of furnished apartments for rent became such a welcome concept. Imagine having more space and privacy, while at the same time enjoying all the amenities and services that you can get from a five-star hotel but…

Hotel rates keep going higher and higher everyday as the cost of living increases, which is why the advent of furnished apartments for rent became such a welcome concept. Imagine having more space and privacy, while at the same time enjoying all the amenities and services that you can get from a five-star hotel but minus the hefty price tag and what you've got? A great deal on accommodations, that's what.

Initially designed for business travelers, furnished apartments soon became more than just a place to stay on long business trips. It soon became evident that families on a holiday or groups of friends who decided to take a road trip also preferred the convenience and low cost that these apartments offered because when you're on the vacation, the last thing you want is to have no money left over for shopping.

Sleek and luxurious in its furnishings, these apartments are also practical in the sense that they have a larger living space which allows it to double as a meeting or conference room for those who are on business trips. They also have state-of-the-art kitchens that are fully equipped so you can conveniently cook your own meals. These facilities also usually have their own gym and pool so you can relax and enjoy yourselves without having to spend a dime.

If you lead a busy lifestyle and find yourself often away from home on business, furnished apartments are ideal especially if you want to bring your family along on your trips. When you go online to search for possible long-term rentals, you will find that not only do you have a multitude of options, you can also find them according to your specific needs that will be the number of bedrooms or if it has a garage or not. You will also usually find actual photos of the apartments and detailed information about the features and amenities found within.

When you want to find the best furnished apartments for rent, you need to first do a lot of research. Doing research on the neighborhood and apartment building will give you an insight of what to expect. Without prior research, you could end up with noisy neighbors and a landlord who could not be bothered to keep the noise levels down. You will also need to find a good property manager as a good property manager means a good apartment.

To start finding the best apartments, you need to try a variety of ways and the most common ones including using brokers, by word-of-mouth, the classifieds, apartment referral services, community groups and online apartment guides. Every now and then you'll find a homeowner who invested in a furnished apartment and is renting it out for lower rates than normal.

Also, when talking rental agreement with the landlord, make sure that it includes the rental rate, security deposits, length of occupancy, apartment rules and termination requirements. Ask questions like how many people can stay in the apartments, when the rent collection, what are included in the rental rates (ie, water, gas, electricity, etc.) and under what conditions is the deposit refundable. And lastly, do not forget to check for signs of damage before you move in and inform the landlord immediately so you do not have to pay for anything you did not break.

4 Tips On How Much To Charge For Your Property’s Rental

If you have a property that you would like to put up for rent, how much would you charge a prospective tenant? There is a good chance that you do not know the answer to that question off the top of your head. What can you do to come up with a price that is…

If you have a property that you would like to put up for rent, how much would you charge a prospective tenant? There is a good chance that you do not know the answer to that question off the top of your head. What can you do to come up with a price that is fair to both yourself and your tenant?

Get An Appraisal Of Your Property

To begin the process of determining how much to charge for rent, you should ask a real estate agent to appraise your property. An expert in the real estate field will be able to determine how much you should charge based on the location of your property, the types of amenities it has and other factors. Your real estate advisor will also research vicinity properties in the area to get an idea for other properties in the area are renting for. This will help you charge a competitive rate to attract renters to your property.

Aim For One Percent Of The Home's Value

If you are renting out a single family home, you should aim to charge roughly one percent of the home's value. Therefore, you would want to charge roughly $ 1,000 a month if the home was worth $ 100,000. However, you will want to take into account such variables as the location and quality of your property. For example, it would be difficult to charge $ 1,000 a month in a rural area where other properties are going for $ 500 a month.

What Are Your Renting?

Landlords who are renting out a luxury apartment in a large city will get to charge more than homeowners renting out their finished basement. You also have to adjust the price that you are charging your tenants if you are renting a professional suite as opposed to a pure living space. In other words, if you are renting to someone who is going to run his or her business from your property, you can charge more because it is technically a commercial property.

Consider Your Costs

Your goal as a landlord is to make a profit. This means that you have to take your expenses and other costs into consideration when you decide on a price to charge each month for rent. If you have a mortgage on the property, you may need to charge slightly higher amounts each month as opposed to someone who does not have a mortgage. Make sure that you are not charging a lower rate based on the relationship you have with the tenant. You do not want to break even or lose money on your rental just because you are renting to your brother or best friend.

It is tricky to decide how much rent to charge each month for your property. The answer to that question depends on the location of your property, the quality of your property and the needs of the tenant. Ultimately, you need to look at the market value of the house as well as the rental values ​​of surrounding properties to ensure that you are charging your tenants a fair amount for rent.

Before Your Sign A Lease

Renting a house has a number of advantages over owning property. The quality of rental properties has increased recently and renting is becoming more and more hassle free. Renting is low maintenance, allows you to move frequently, it costs less money, and there are not any property taxes to pay! With renting becoming popular, there…

Renting a house has a number of advantages over owning property. The quality of rental properties has increased recently and renting is becoming more and more hassle free. Renting is low maintenance, allows you to move frequently, it costs less money, and there are not any property taxes to pay! With renting becoming popular, there are a few things you should before you rent a property. Here are some things to think of before you rent a property.

Read your lease! It may seem like a no-brainer, but many people do not read their leases and that is when problems arise. Make sure you know what you are responsible for as a renter and what your landord is responsible for. These will be spelled out pretty clearly in the lease agreement. Make sure you know certain things such as restrictions on pets, design alterations, and guests. If you have any questions about your lease, talk to your landlord. You do not want to get evicted over something small. Keeping communication open, it will help when it comes time for repairs and other problems. Remember: read the small print !!

Make sure your privacy is protected. When a landlord enters a property, it can be seen as an issue that can lead to many tension-filled moments if not addressed properly. Know your rights when it comes to when the landlord can enter the property. Knowing your privacy right can protect both parties and can also end that problems arise. Remember, you have rights too, so you should always keep yourself informed.

Get renters insurance. Renters insurance is something that many people do not think about. It can protect you from many things such as theft and robbery, if someone injures themselves on your property, or other adverse events. Your landlord's insurance does not cover you!

Lastly, know how to protect your security deposit. Do a walk-through before you sign a lease and make sure that prior damage is properly documented. Also when reading over your lease, make sure that your are clear on when your deposit is refunded and what can cause deductions in your deposit. If any problems arise, know the proper channels that you can take your complaint if you have a disagreement about your deposit refund.

Overall, renting a property should be a great experience. If you want housing with low responsibilities and an affordable price, renting a home is a great idea for you.

How to Take Care of Your Overseas Property for Rent?

During last few years' investment in property and real estate has emerged as one of the most profitable businesses throughout the world. One of the main reasons behind this is due to the migration of people towards urban areas for various reasons and secondly it is a dream of every person to live in his…

During last few years' investment in property and real estate has emerged as one of the most profitable businesses throughout the world. One of the main reasons behind this is due to the migration of people towards urban areas for various reasons and secondly it is a dream of every person to live in his own house. However with the increasing price of land it is not possible for everyone to construct their own house and the result of which is that they have make their dream come true by purchasing a property. There has been a big increase in the number of investors wanting to buy property overseas and renting it out either to locals or as a holiday home which can generate some huge profits for the owners over the long term. In-fact it would not be wrong to say that renting property is now one of the best sources of retirement income or additional income.

Most people dream of building their own property overseas and renting it out but but it is not always easy to do. There are many factors to consider with overseas tax laws and land legislation. Having your own overseas property to rent is also not easy and you must take care to use regulated and reputable businesses to help you do this. There may also be instances of social issues elements that need to be considered and a small mistake could cost you dear. This problem becomes more severe if you have overseas property for rent, because as your property is located overseas it is not possible for you to visit your property at regular intervals or conduct the background checks of your tenant before renting your property to them. Moreover as you are not a permanent resident of that region you may not be aware what's going on in your property and easily rent on anyone to easily take care of the property.

But as there is solution to every problem, especially in today's world where we have access to the internet where we can find various websites that could help you in your search for the perfect property and business to help look after your property and check tenants' details . Thus helping you to limit the number of problems you may face and keep a steady flow of rent.

Apart from this there are various benefits which you can enjoy by taking assistance from these websites involved in business of overseas property. One thing which also needs to be stated about these websites dealing in business of overseas property is that including taking care of your overseas property for rent , they can also assist you in finding suitable property for you or assisting you in finding the right type of property to invest in with the overseas market. Some investors who are due to retire from their job are interested to invest their money in buying properties located in overseas market with the hope of earning huge profits. For such investors these websites have emerged as a useful tool in providing them with all useful information at their finger tips by just filling an application form available on their website and then registering with them.

Here they have to provide all required information relating to the type of property they want to buy, sell or rent out and the amount they expect to receive from their property or the amount they want to invest to purchase an overseas property. These websites provide them with all the necessary information in line with their requirements to help them in deciding the best profitable deal for them. In simple words it can be said that nowdays you do not have to stay in your native country when you are looking to invest in property overseas and you can get all the help and support from various websites to help you make the decision to buy overseas property Egypt look to rent overseas property.

How to Get Your Tenants to Stay For at Least Three Years

This article is to introduce you to the concept of offering a “Loyalty Program” to your residents. For those who are not familiar with a resident loyalty program, let me say that this is a “resident retention” concept, which is an excellent way to encourage residents to stay with you a minimum of 3 years.…

This article is to introduce you to the concept of offering a “Loyalty Program” to your residents. For those who are not familiar with a resident loyalty program, let me say that this is a “resident retention” concept, which is an excellent way to encourage residents to stay with you a minimum of 3 years.

This concept is similar to frequent flyer programs with airlines or frequent buyer programs with grocery stores. At one airline, they call some of their customers a “Gold Medallion” member. At one grocery store chain, they call customers “MVP” members. Why do these companies encourage customers to participate in their free programs? To create customer loyalty.

Guess what, it works! When customers go to buy airline tickets or buy groceries, without thinking they are likely to purchase from the companies that give them a few perks (small discounts or upgrades) because they see themselves as a MVP or Gold Medallion member.

Likewise, there are many landlords who have initiated a customer loyalty program with their residents for the same reason. And it works.

Create Customer Loyalty

You can create a customer loyalty program by first giving your program a name. For example, “Preferred Resident Program”, or “3-Star Program”. Secondly you can offer tenants a perk of some kind (ie. Minor property improvement or upgrade) on each rental anniversary for their first three years of residency. This way residents see the benefits of staying in your rents longer, a minimum of three years. Of course, the residents can legally terminate the rental agreement at any time (with proper advance notice) and move to another rental, just like consumers can start shopping at a different store or fly with a different airline.

However, consumers most often voluntarily keep flying with or shopping with what they've always been reminded that they are a valued customer and receive perks. The airline or the grocery store does not ask consumers every year if they want to renew their membership in the program or whether they want to keep flying or shopping with them. They may simply send them a letter or advertisement on occasion (along with perks, upgrades or-store discounts) thanking them for continuing to be a valued customer in their program and telling them what they can look forward to as a continuous customer.

This is the same way a resident loyalty program that work that you create. These analogies are shared so that you can see that while your “resident loyalty program” may be a new concept for the rental industry, it is a time-tested idea used and adapted by other industries. Your resident program, like the Gold Medallion or MVP program, creates customer loyalty. Residents continue to stay year after year without annual decisions about whether they want to stay in or renew the program.

As far as rental customers go, it can be helpful and to your advantage to talk with your residents once a year BEFORE their anniversary date (end of lease term). It is recommended that sixty to ninety days before their anniversary date that you send an “Anniversary Agenda Checklist” along with a Thank You letter for participation in the FIRST year of their resident loyalty program. The Agenda Checklist informs residents that they have an opportunity to discuss any concerns and new options available during the next year of their lease.

The Anniversary Agenda Checklist requests residents to select the topics from the agenda of what they would like to talk about. Each topic a resident selects gives you, the landlord, the opportunity to meet the changing needs of your resident. Equally important, as you offer options to meet the resident's needs and concerns, each topic on the agenda will also give you the opportunity to increase your cash flow plus increase the customer satisfaction level of the resident. Remember, let your guests pick the topics for the discussion and use the agenda to truly have a mutually beneficial discussion.

Sample Anniversary Agenda Checklist

Dear Resident:

As one of our Star Residents, we would like to meet with you at least once each year to help ensure that we continue to meet your housing needs and make sure you are aware of all the housing options that are available to you. We want you to select the agenda for the meeting. Tell us what you would like to talk about. We can discuss just one of the following topics, or we can discuss as many of the topics as you select. Or, if you prefer not to meet at this time, just let us know.

The meeting will take place at your residence on one of the following two dates. Please let us know which date and time is most convenient for you to meet with us. Return this checklist to us within the next 3 days so we can schedule the meeting. Mail or deliver it to the following address: Landlord, 123 Main St, Anytown, USA, 12345 .

Which meeting date and time is best for you?

_______________________________

Select which topics you would like to discuss at the meeting.

_____Different rent payment plans available. Some tenants prefer to pay every two weeks instead of monthly. It is possible to change the payment terms in your rental agreement.

____Any concerns about your current rental home?

____Receive 10% annual refund of your security deposit for passing semiannual inspections.

____New upgrades and service options available for the next year of your resident loyalty program.

____Transfer location options if you want to consider moving to another size rental home.

____Prices and rental policies of other homes in the area.

____Negotiate new rental amount for the coming year.

____ Tell-A-Friend Referral bonus for residents. (How to get free rent or cash)

____Your evaluation or comments about our maintenance guarantee program.

____Special services and advantages of our “VIP” Resident Programs.

____Other topic___________________________________________________

____ I prefer not to meet at this time. Everything is satisfactory. No topics I need to discuss.

Author's Note: Whatever topics the resident wants to discuss, it is to BOTH party's (landlord and resident) advantage to discuss and meet their concerns and seek a win-win solution to continue the relationship far beyond the anniversary date.

5 Ways To Restore The Beauty Of Your Home

Whether your home is 10 years old, or more than, modernizing your home can be a challenging act. Depending on your abundance of renovating, modernizing can be a simple or complicated task. Your home can be modernized for restoration or inventive touches. These Touches can be ones in which only what you see and feel…

Whether your home is 10 years old, or more than, modernizing your home can be a challenging act. Depending on your abundance of renovating, modernizing can be a simple or complicated task. Your home can be modernized for restoration or inventive touches. These Touches can be ones in which only what you see and feel will be considered in updating. Some will choose to modernize down to the structure of the home, and this type of modernizing can turn into a full home renovation. Here's some simple ways to bring your home up to date, without spending too much.

Look at the current condition

Analyze your home and observe what areas of your home need to be renovated. Often times the current condition of furniture and appliances makes us expect that the home needs more work than really necessary. Look at the conditions of the walls of your home. If made with gypsum board and studs – light patching of holes and updating paint color may do the trick. Concentrate on the house itself, not your beloveds in the house.

Modern Details

Flip through your favorite home magazine, or visit home websites that give you an idea to find modern home detailing. Simple details like yellow light switch plates can date your home. Changing them to white or a matching décor color will immediately bring your room into the modern day.

Lighting

Home light fixtures are typically made for the current times. Updating ceiling, sconces, and bathroom fixtures will rejuvenate your space and possibly bring better and more efficient light to the space. Lighting fixtures may be able to be reduced or removed with the introduction of more natural light into a space. Consider adding skylights, and solar tubes into areas that once were dark.

Materials

Flooring, wall paper, kitchen / bath counters, and sinks / bathtubs are an instant attraction of age. Since these items are usually chosen by the current colors and patterns of the times, your home could have been looking much older than you desire. Change carpet if it is worn, becomes faded, or is in an outdated color. Remove obsolete wallpaper and replace with modern styled wallpaper or paint the walls instead. Often times an old brick wall can become a new accent wall with cleaning and restoring its original beauty. For kitchen and bathroom fixtures with outdated colors consider replacing with neutral colors that will not show time as quickly.

Modernize to increase its worth

If you get tired and bored of looking at the same outdated home, then modernizing can be best for you and your family to enjoy a familiar home and uplift in its character. On the other hand, home sellers may be updating their home to be able to put their home on the market, and boost up their appeal. Whichever your personal reason for modernizing, it's a great idea to make your home safe, look better, and to bring the occupant of your home pleasure when enjoying your home.

Entering A Rent To Own Agreement

The qualification requirements, when applying for a mortgage, are tough. The strict credit criteria contribute to home-loan applications getting declined. There are people ready to become homeowners, but lack the savings for a down payment on the property and a good credit profile. A rent to own is a lease combined with an option to…

The qualification requirements, when applying for a mortgage, are tough. The strict credit criteria contribute to home-loan applications getting declined. There are people ready to become homeowners, but lack the savings for a down payment on the property and a good credit profile. A rent to own is a lease combined with an option to purchase the property within a specified time.

The period is usually three years or less. Rent to own is a wonderful opportunity for potential sellers to obtain a satisfactory price and to buyers; it offers a valuable alternative to save money to make the down payment. There is a process involved in the rent to own homes. For many people, a home is the largest purchase they ever make. It is therefore, advisable to weigh all options.

RECOGNIZE THE “RED LIGHT” SIGNS

It is to one's personal benefit to ensure the property have no risks involved. It is possible that the current home owner can lose the property during the rent to an own period. This can occur due to a number of reasons:

• The seller was unable to make the mortgage payments;

• A tax judgment is placed on the property;

• The homeowners are going through a divorce;

• If the home owner loses the property, the buyer loses the possibility of buying the property.

THE AGREEMENT BETWEEN THE TWO PARTIES

Before entering into an agreement with the seller, it remains wise to consult with a banker. Your banker can give you a proper assessment of how likely it is that you will be able to qualify for a mortgage in two or three years time. Draw up a realistic financial plan for the next couple of years. Negotiate the terms and conditions of the contract with the owner:

• First of all, it is important to get a title report. This can provide information to see if the seller can deliver the title when the time comes and what the outstanding liens are.

• Negotiate the three parts of payments you will be responsible for. The one payment is for the rent, and the second one is a premium which will be applied to the purchase price if you buy the home. You have to consider the option fee which is usually three to five percent of the purchasing price.

• Ensure the lease options' states clearly who is responsible for maintenance and repairs.

• A “lease option agreement” allows a buyer to buy at any time during the rental period, while a “lease to purchase” option requires purchase at the end of the contract period and has legal ramifications for backing out.

• Ensure the price is fair by obtaining a home inspection.

• Get legal assistance. A rent to own should be approached in the same manner as if you are buying a home. A real estate attorney can help you to avoid any contract flaws. Ask your lawyer to go through the contract and to advise you accordingly before you sign.

PLAN FOR FINANCIAL RECOVERY

Now is the time to pick up the financial pieces and to concentrate on the reasons you could not qualify for a home loan. Your bank advised you on which areas to concentrate. You usually have 36 months to recover, and you have to go back to the plan you created. You have learned from your mistakes and can prevent future mistakes. Spending money makes you feel better at the time, but dealing with it afterwards is often stressful. Control your spending by keeping book of it.

KEEPING UP THE GOOD WORK

Three years can become a long period of time to survive a financial disciplined life and the careful way of spending your money can become a bit boring. In the beginning of this period, you were excited about the recovery to obtain a mortgage, but after a year or two, the enthusiasm can fade. Keep on reminding yourself about your goal. Furthermore, keep in mind how much money you can lose if you fail to reach your goal.

REACHING YOUR GOAL

Once your lease agreement is due to expire, it is time to gather the necessary paperwork and apply for home finance. Your down payment is paid. You did everything that was required from you during the last three years. It will now only be a matter of time before you are the lawful owner of the house. This is what you have been dreaming of the last three years, and you worked hard to achieve a healthy credit profile.

Your banker will guide you every single step along the way. Once your loan is approved, the instruction for transfer and registration will go to the conveyance attorneys. The attorneys will contact you and give you a time and date for signing the relevant documents in order for them to proceed and register the property in your name. This is a proud and exciting moment. Only a matter of weeks and the rent to own home is finally yours. The attorneys will notify you on the date of registration. From this day forwards, you will be liable for only the mortgage payments and taxes.

Looking to Rent? Keep an Eye Out for These Warning Signs During Viewings

When viewing properties to rent you are likely to encounter a few red herrings when looking for a potential home but what signs should ring alarm bells? Whether you are looking for student accommodation or your first home as a professional, the property market does throw unsuspecting tenants a few duds, make sure you do…

When viewing properties to rent you are likely to encounter a few red herrings when looking for a potential home but what signs should ring alarm bells? Whether you are looking for student accommodation or your first home as a professional, the property market does throw unsuspecting tenants a few duds, make sure you do not fall for the wrong property with our top tips and be clued up on the warning signs of a property from hell!

Damp is a common problem, especially in older homes, but despite its being commonplace it still makes properties an unpleasing and uncomfortable place to live, and there are a number of health concerns linked with damp properties. For people that are new to viewing, damp may not be something they have encountered before but it is easy to spot with the right know-how.

Damp will show itself on walls and ceilings as water marks or stains, and in serious cases, areas of mold growth will be visible. Another tell-tale sign of damp is a musty, pungent odor so take a deep breath and judge for yourself. Keep in mind that a number of landlords may try to hide the signs of damp so look out for freshly painted areas on walls and ceiling (particularly in the corners of rooms) and the use of heavily fragranced products that may have been used to cover the musty smell.

In your second or even first viewing take the time to test the home's fittings and fixtures, an unkempt property may need a lot of repairs and says a lot about prospective landlords who may have left DIY jobs unfinished. Open and close cupboards, doors and drawers, look out for rusty piping and radiators, take note of exposed wiring and look in the loft to see if timber beams are rotten as this may be an indication of dangerous structural damage.

Keep an ear out for noisy neighbors too when looking for properties to rent as this can quickly turn a dream rental into a real nightmare. Visit the property in the evening to gauge wherever noise from neighbors will be a problem. The same applies when surveying the area surrounding the property, visit at different times of the day to view busy roads.

Conclusion

Taking some time to get clued up on the warning signs of rental properties will save you a lot of time and money and get you one step closer to moving into a property that safely suits everyone involved.

A House For Rent By Owner Is A Business

In today's real estate market, more home owners are becoming landlords. Home owners can often not obtain the desired home price if they want to sell. Some home owners accommodate tenants in their home because they do not need to sell in order to buy another home. There are home owners who use the property…

In today's real estate market, more home owners are becoming landlords. Home owners can often not obtain the desired home price if they want to sell. Some home owners accommodate tenants in their home because they do not need to sell in order to buy another home. There are home owners who use the property as an investment, while others are forced to rent out a home. It is possible that the home owner is transferred by the employer to another city and will therefore accommodate tenants.

FINDING A TENANT FOR A HOUSE FOR RENT BY OWNER

If you are a prospective landlord, there are things you should know about the tenant before renting out a house. Keep in mind that a tenant is a stranger who is going to move into your property.

• Follow up on personal references provided by the potential tenant;

• Ask for a reference or contact details from the former landlord. The previous landlord can give you a good indication if the tenant made regular payments and if any problems occurred during the tenant's renting period;

• Request a police report;

• Obtain proof of past and present employers;

• Evaluate present income and monthly debt obligations. Make sure the tenant can afford the rent;

• Screen the potential tenant's credit score;

• Make sure that you are informed about the number of occupants. This is subjected to the Fair Housing Amendments Act of 1988;

• If the tenant is keeping pets, make sure you know what kind of pets and how many;

• You do find destructive incentives. Trust your instincts. If a tenant's vehicle is trashed, it can be an indication of how the tenant will maintain your rental house.

Property managers can be of great assistance with background investigation, and they know the laws surrounding data searches. For example, you may know that collecting background information on someone requires signed consent, but did you know the law mandates that you shred the data afterwards to prevent identity theft?

A HOUSE FOR RENT BY OWNER IS A BUSINESS

Go in prepared. A house for rent by owner is a business, and you have to manage it like any other business. Determine the rent and know how much to charge for rent. Charge too little and you lose money, and if you exceed the standard rate, your house remains vacant. Keep in mind that as soon as you start collecting rent you are considered as such by:

• Internal Revenue Service: rent is a business income and must be reported. All income must be reported to the Internal Revenue Service. If you do not complain, you can be ordered to pay penalties;

• The Insurance companies: Turning your home into a business is not necessarily covered under your homeowner's insurance;

• Authorities: There are rules and regulations to protect renters from unsafe living conditions and discriminatory practices.

THE PROS AND CONS OF A HOUSE FOR RENT BY OWNER

Renting is a process that will help you bring in a cash flow to make the mortgage payment. Here are some of the advantages of renting out your property:

• Current income: It reflects to the income that you have after you paid all related expenses and the mortgage.

• Appreciation: The value of the property increases over the years.

• Leverage: You can purchase a home with a home loan and by putting down only a percentage of the total value.

• Tax advantages: If there is no income after all expenses are paid, you will not be liable for tax.

Disadvantages of a house for rent by owner:

• Liability: The property you are renting out has to meet all government codes. With the increase of lawsuits, you have to ensure you meet all standards and rules.

• Unexpected expenses: To fix a roof, faulty wiring or bad foundations can be expensive. If you can not afford to pay for the repairs, you can be left without a tenant and be forced to sell your house at a reduced price.

• Bad tenants: It is possible that you will have to make use of a collection agency to collect overdue rent.

• Vacancy: A vacant rental means no money coming in.

FINANCIAL BENEFITS OF A HOUSE FOR RENT BY OWNER

The housing market shows little signs of recovery, forcing homeowners to rent out their homes, rather than to sell. The most obvious benefit of renting your home is that of extra income. The rent can help to pay for property taxes, utilities, repairs and maintenance.

• Your tenants may fall in love with your property. Maybe they can not buy your home now, but renting your property can give them the opportunity to fix their credit profile. Your tenants can consider a rent to own process. This will allow the tenants to take ownership before they officially own it.

• The demand for rentals is extremely high due to people losing their homes through processes such as short sales and foreclosures. All these former home owners need homes and are unable to obtain mortgages.

The market for rental properties is increasing tremendously. The vacancy rate for rents decreased, and job growth is positive. Rental rates increased. Now is the perfect time to cash in on a house for rent by owner.

Yes’s and No’s Of Being A Roommate

You think living by yourself is hard, then try living with somebody. People are different, we have different needs, different lifestyles and different points of view. This is why it is not easy. However, it does have its fair amount of advantages. First and foremost it's the money. Splitting the rent can be a huge…

You think living by yourself is hard, then try living with somebody. People are different, we have different needs, different lifestyles and different points of view. This is why it is not easy. However, it does have its fair amount of advantages. First and foremost it's the money. Splitting the rent can be a huge reliever for your budget. Then you have your roommates. If you maintain a good relationship with them, you can be sure, they will be there for you in the toughest of times. This is why there are a certain rules you should follow in order to keep it friendly.

No:
Do not disrespect someone's privacy. Everybody needs it. Do not forget that because the least you would want is someone breaking in your room when you just got out of the shower. It is not only about the room. The food in the fridge, their personal things or even their shampoo in the bath should not be touched.
Yes:
If you do need something, always remember to ask. Try not doing it often or if you do always remember to replace the used item with a new one bought from the store.

No:
Do not forget to keep up with the rent agreement. This means keeping up with the bills and paying the rent on time.
Yes:
If you do not have sufficient funds at the moment, try explaining that to your roommate. Try to avoid situations like that, by all costs, though. This might come as a setback when trying to establish your relationship.

No:
Do not neglect the lease agreement. This means no loud noises, no wild parties and no coming home drunk from a night out. As said we all have different lifestyles and as some people like to go out every night, others prefer staying at home in peace and quiet.
Yes:
In order to socialize with your flatmate invite them for a drink every now and then. A pint of beer will not harm anyone.

No:
Do not forget about cleaning. It should be done on a regular basis.
Yes:
A good way to split your cleaning duties is to make a schedule, but it is your responsibility to keep the property sanitized.

Follow these basic rules when living with someone else. When the time to move out of the property make sure you combine your effort with your roommate to clean the place up. This way you will avoid any safety deposit cuts, arguments with the landlord and keep a good memory. If you think you will not handle it by yourself you can pay a move out cleaning company so that you are sure the job is efficiently done.

Make An Educated Decision When Renting An Apartment

Leasing is on the rise and rents are showing signs of strengthening, especially in the apartment market where rents are rising the fastest. An analyst of Morgan Stanley, Oliver Chang, called this “the Year of the Landlord”. Rents are rising, vacancies are falling, household formations are growing and the apartment supply is limited. THE MAIN…

Leasing is on the rise and rents are showing signs of strengthening, especially in the apartment market where rents are rising the fastest. An analyst of Morgan Stanley, Oliver Chang, called this “the Year of the Landlord”. Rents are rising, vacancies are falling, household formations are growing and the apartment supply is limited.

THE MAIN REASONS WHY PEOPLE PREFER APARTMENTS FOR RENT

Here are some of the main reasons why people prefer apartments for rent:

• In many areas apartments and houses for rent are still very affordable. This is one of the main reasons why people prefer rentals.

• The fact that one is not responsible for maintenance when renting, adds to the desirability of apartments for rent.

• When relocating, a homeowner can face challenges, such as selling the old home and buying a new one. Apartments and houses for rent provide one the opportunity to easily move from one location to another.

CAN ONE OBTAIN AN APARTMENT FOR RENT WITH A BAD CREDIT PROFILE?

It is a common practice for landlords to do a credit check when applying for an apartment for rent. If one maintained a good credit profile, obtaining an apartment for rent is easy. Situations in the past, such as high medical expenses, could contribute to a bad credit record and become an obstacle when applying for an apartment to rent. There are a few convincing methods to demonstrate that you can commit in a responsible manner when applying for apartments and houses for rent:

• Be honest and tell your potential landlord about your credit profile before he or she picks it up. Make suggestions of possible solutions;

• If possible, offer to pay an extra month or two in advance;

• Give proof of your income. Submit your pay stubs and bank statement to confirm the income;

• You can ask a relative with a good credit profile to apply as a co-applicant.

THE APARTMENT FOR RENT

Do not create unpleasant surprises when you are looking for an apartment. Make sure you see the apartment for rent that you intend renting. It can happen that the landlord will offer to show you a similar apartment and not the one you are going to rent. The layout can be similar, but the condition can differ.

Do not sign a lease if the apartments for rent are not complete. It is advisable to use an agent in search of apartments and houses for rent. It is important to make an educated decision when renting. It is also important to have a good understanding of the lease. An agent will charge you a small fee, but it remains advisable, as your agent is trained and can handle all problems that can occur.

Congratulate yourself in obtaining the best you can afford. Be a proud apartment tenant. Experience the surroundings that your new address offers and make new friends.

Why Do Hunters Look For A Hunting Land To Lease?

Hunting is a sport that offers excitement and adventure. In order to be on top of your game, you must have the right mindset and skills to help you make effective plans and sound decisions during your hunt. It is also essential to find the best hunting ground to ensure a good hunt. However, with…

Hunting is a sport that offers excitement and adventure. In order to be on top of your game, you must have the right mindset and skills to help you make effective plans and sound decisions during your hunt. It is also essential to find the best hunting ground to ensure a good hunt. However, with the increasing number of hunters these days, land areas for hunting are congested and the population of wildlife is decreasing. With all these factors, hunters can not find the right spot to hunt.

Fortunately, there are still some areas that are rich and thriving with wildlife and most hunters visit the place every year especially during the open season. Because of the wonderful terrains, environment and food resources, the population of wildlife such as ducks, deer and fowl which are the best hunted species is increasing. Even with the huge hunting ground in this area, hunters still look for a better place for their hunt.

To help you find the best hunting place, you can hire reliable brokers. These brokers can help you find a hunting land to lease or for sale that can help you have better hunts. However, for some season hunters, it is still best to lease a land due to its numerous benefits. Here are some of the benefits you may obtain.

Smaller obligations. When leasing, you will just lease a land for a period of time in order to satisfy your needs. Here, you do not need to cultivate and improve the property all year long. You only need to find the ideal hunting ground, sign an agreement with the lessor and you can hunt through the season. Yet, be sure to carefully assess the hunting ground you will choose in order to gain the best features and benefits you need.

Less competition. Even though hunting is a sport and competition coincides with it, some hunters only do this just for fun. So, leasing your property can get rid of other hunters who wish to compete with you.

Good hunts. Since you leased for a property, you can control the hunting conditions and gain more hunts unlike others. You can also determine the best areas and time to hunt, giving you better and easier hunts during the season.

With these amazing benefits, hunters can have the best hunting season of their life, giving them satisfaction and contentment until the hunting season is over. Click here for more.