It is critical to understand landlord tenant statutes by state, particularly the state you are real estate investing in, if you plan on being successful. There are so many statutes and laws restricting landlords and abling tenants that you must be aware of. This could quite literally be the death of your business if you [...]
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Who Are the Largest Land Owners in the World and United States?
This inquiry was started when we had a thought about residential landlorders here in the United States. And being that we are a real estate investing magazine, we thought that it would be a great idea to report on who owns the most land in the United States. The research began. We discovered some interesting [...]
Illegal Immigrant Ban on Renters in South Carolina
In an effort to curve the rise of illegal immigrants in the state of South Carolina, more specifically, the city of Summerville, officials have drafted and approved an ordinance that aims at banning illegal immigrants from living in their town. According to the Huffington Post: Under the ordinance, up for final approval next month, renters [...]
Failure to Comply With Deposit Notifications Could be Costly
Imagine being forced to write a check to a previous tenant who still owes you money. This is a very real possibility if you fail to comply with the law after the tenant moves out. With the amounts and occurrences of tenant debt rising, having to pay a previous tenant who still owes you money [...]
Accepting Late Payments Can Land You in Court
There are many reasons why you shouldn’t allow a tenant to pay rent late, but the legal implications must always be at the top of the list. Unfortunately, by being the nice guy, or gal, and accepting late rent payments, you might be establishing grounds for a Fair Housing lawsuit. Last year, I sat in [...]
Landlording: Understanding The Eviction Process
Landlords and tenants have several responsibilities when they enter into a lease agreement. The most basic task a tenant has is to pay their rent. When property owners find themselves in a situation where the tenant fails to pay rent or perform specific obligations in their lease, eviction is often the recourse that is taken. [...]
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