Did you know that your landlord’s homeowner’s insurance policy does not cover any of your personal belongings in case of an emergency? If a fridge goes out, the basement floods, or someone breaks in and steals your TV, the landlord most likely won’t be the one paying for your stuff. This is a great reason to have renter’s insurance, which can cover all of your personal belongings. We often don’t think of having renter’s insurance because as non-permanent residents, it just doesn’t seem like we have that much or that what we have is even worth the money. But if your house burns down and..
Most landlords prefer to sign one year leases with their tenants. And for most tenants, living in one place for a year will work with their own schedules as well. But whether you are planning on staying for the entire lease term, or if you already know of life plans that will require a move, it is good to know what the options are for getting out of your contract. Before you sign a lease, make sure to review it and talk to the landlord to understand what the expectations are for getting out of that lease. Are you allowed to sell your contract? What’s..
Don’t send that deposit check! New and experienced renters alike are often victims to rental listing scams. It happens like this: you search online for that perfect rental. You find it and contact the manager/owner about renting. They message you back and tell you to email all your personal info for an “application” or ask you to mail them a deposit check with certified funds. Next thing you know, they have your money and you have no keys. When searching for rentals online, it is very easier for scammers to steal pictures and details about a house to create their own rental listings. If in..
I haven’t paid my rent because I hardly used the home this past month and I will be out of town for a lot of this probably month.
I haven’t paid my rent because actually I don’t feel like paying it.
I don’t have the money for the rent, because I spent it all on Christmas presents for the kids. You don’t expect me to tell my kids they don’t get Christmas presents, do you?
A tenant continually complains that it is cold in their rental property, and insists that the windows and doors need to be sealed better or replaced! When the manager arrives it is truly cold in the home. Upon further inspection he notices that the furnace is actually turned OFF? When he questions the tenant about it they state, “Of course it’s off, do you know how much the gas bill would be if we turned it on ALL.WINTER.LONG?” Needless to say, the windows and doors (and furnace) were just fine, it was the tenant who needed ‘instruction’ photo credit: http://www.freeimages.com/photo/thinking-1237556
A tenant calls an owner and starts complaining about the late fees that she accrues & has to pay every month. Stating that it is excessive, exorbitant, extreme (and every other “E” word you could think of). It is unfair! She doesn’t understand WHY she has to pay them. After carefully explaining (repeatedly) that her lease agreement says that rent is due on the first and a late fee will be charged on the 5th she still didn’t understand. She simply states that she can pay rent whenever she gets paid, so too bad! Unfortunately, she still had to pay the late fee monthly and..
As February draws to a close, here are the bills that we are tracking that will have an impact on the Rental Housing industry. HB 376: Landlord-Tenant Rights This bill was passed out of committee by an 8-4 vote in the House with some small modifications requested by the courts. The tenant’s attorneys showed up at the hearing to oppose the bill, but when they admitted that the loopholes they were using were only delaying tactics which ultimately made evictions more expensive for both tenants and landlords, the committee declined to support their position. This bill will give all evictions the same process – regardless..
While many of us like to DIY things to save a little money, there are many areas where this can work out well, and some where it’s better to hire a professional, like plumbing, electrical, law, and real estate. There are people all over that have gotten lucky and will claim that the professionals aren’t needed, but it’s the little things that come up later that often cause them to regret their decision; the leaky pipe, the shorting wire behind the wall, the lawsuit they didn’t see coming, and the unhappy realization that what they “saved” is often less than what they could have made. ..