Real Estate Blog – Condotron

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25 Nov

Moving into Your Rental: 2

Posted in Renting on 25.11.09

landlord 4Now, you are going to want to begin by documenting everything about your apartment, preferably while it is still empty. If there are holes in the wall, blinds missing, a lack of smoke detectors, cracks in the floors, stains, and so on, you want pictures. If you intend to do any painting, you may also want to document the current color of the walls — if you can offer to repaint the place back before you leave, your landlord will likely be more permissive … unless he or she is controlling … and/or a jerk. (Sorry for the bitterness, folks!)

Then, again, check out your water pressure, the heat, make sure all the electrical sockets and light fixtures work.

For your own protection and for later proof, if necessary, you need to document the conversations you have with your landlord concerning the rental. Try to have a witness if you can. Correspondence should be sent through email, so that there is always proof of what has been written.

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22 Nov

Moving into Your Rental: 1

Posted in Apartments, Renting on 22.11.09

landlord 3Whether you are moving into an apartment in a complex, a rental house, or a private apartment, such as one that exists in a private, residential home, you have to realize: you have rights, especially if utilities such as heat, hot water, et cetera, is covered in your monthly rent.

There are also some things you need to do when you first move into your new home — and even before you move in, as a matter of fact. Let’s talk about that first.

You need to make sure that you are fully aware of all the codes, rights, and rules of tenancy in your area. You need to know what is expected of you as a tenant, and you also need to know what is expected of your landlord — again, especially if he or she maintains that heat, hot water, and electricity are included in your rent. Otherwise, it will be far too easy for your landlord to pull one over on you.

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21 Nov

Why Screening Your Tenants Is Important: 2

Posted in Apartments, Renting on 21.11.09

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While the appearance is something that you want to look at – it is not extremely important.  People dress the way they want and look the way that they want.  However, you do want to make sure that you get a credit check on them – as that will provide you with some insight on how these potential tenants will pay their bills.

You also want to make sure to have some type of tenant application in place.  That way, you can decide exactly how compatible you and the potential tenants might be.  While you do not have to be best friends, you want to make sure that you are compatible and have the same beliefs.

It is very important to find a reliable tenant that is not going to make you lose money … remember that.  You can be choosy when you are the landlord, keep that in mind.

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20 Nov

Why Screening Your Tenants Is Important: 1

Posted in Apartments, Renting on 20.11.09

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When you think about it – what is the most important thing to you when you are renting out your apartment or house?  Well, the screening process of finding the right tenant should be the most important thing.  This is a person that is going to be living in your home and they are not going to be supervised. 

That is why it is so important for you to screen any tenants that you have looking at the place and are serious about it.  There are some things that you can do to ensure that you find the right tenant for your home.  First, you want to look at their appearance – you want them to make a good impression on you, almost like they are interviewing for a job.

In the next blog, we will talk about some other things that you should be looking for when you are trying to find the right tenant.

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01 Nov

When It’s OK to Back Out of a Real Estate Deal: 2

Posted in Real Estate on 01.11.09

tenant 2So, when is it okay to break the deal? If the house of your dreams has any debts, it may not be a good idea to keep your offer in the pot. At the very least, calculate how much you will be left paying.

If you find any structural damage, that’s it. Do not worry about any deals, just get out as close as possible. No real estate deal is worth the health and safety of you and your family.

You also need to make sure that the location suits your needs.

For that matter, the size of your house needs to suit your needs as well. If you are looking to buy a cute house but plan to expand your family … well, thinking for the future is always smart.

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