Help for Property Managers

Being a property manager can be an incredibly rewarding job, but like all professions, it comes with its share of problems. Even if you’ve only been a property manager for a short period of time, you’ve likely encountered an issue with one of your clients. In most cases, these issues are minor and can be… Read more »

Year-End Wrap Up: What Records to Get in Order Now

Tax time comes around every April, and with 2015 now drawn to a close, it’s never too early to start preparing forms and documents as a landlord. There are two types of records you must have for tax purposes: a record of your rental income and expenses as well as supporting documents for them. Did… Read more »

A Look at the Rules Governing Security Deposits

Just about anyone who has rented or leased a property is familiar with the concept of a security deposit. What exactly is the purpose of this deposit and when is a tenant entitled to have it returned when they move out? We’re here to go over the basics to help you out. According to Michigan’s… Read more »

Legal Mistakes All Landlords Should Avoid

If you’re a landlord, you’ve likely run into an occasional problem with one of your tenants. Whether they are missing rent payments or refuse to comply with an eviction notice, there are legal actions you can take. However, the law will work against you if you don’t follow the proper procedures for dealing with tenants…. Read more »

Section 8 Renters. The Government is paying you for your tenant’s rent, you better believe that there are strings attached.

The Housing Act of 1937 was a product of the National Housing Act of 1934, part of the legislation to help Americans rebuild from the Great Depression. In addition to creating a central national housing authority, it gives those on welfare more options when it comes to living situations. Those receiving federal housing assistance can… Read more »

Tradeoffs for Accepting Section 8

The Housing Act of 1937 was a product of the National Housing Act of 1934, part of the legislation to help Americans rebuild from the Great Depression. In addition to creating a central national housing authority, it gives those on welfare more options when it comes to living situations.   Those receiving federal housing assistance… Read more »

Landlord Legal Mistakes to Avoid

Being a landlord involves more than fixing leaky pipes and broken lights. Being a landlord is a legal designation overseen by local housing authorities and state laws. These not only protect you as a landlord, but your tenant as well, and are subsequently legally binding. Protect yourself from common legal pitfalls landlords make when dealing… Read more »

Does your Income Property Offer Reliable Income?

When in the market for income property, there are many points to consider before signing a purchase agreement and committing to a years-long mortgage. But there is one item to always remember; you want an income property to function as a steady source of income.     To achieve a consistent income stream, you obviously… Read more »

Your tenant filed for bankruptcy; how does that affect your landlord-tenant relationship?

Uh oh! Instead of receiving this month’s rent check in the mail you received a notice of voluntary petition for bankruptcy from your tenant. What does that mean to you Mr. Landlord? The first thing to understand about bankruptcy in landlord-tenant relationships is that the simple filing of a petition for bankruptcy protection enacts a… Read more »