Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese

Free Back Links

Getting lots of "Back Links" to your site is the one of the best ways to build your website traffic. Click here now to: Submit Sites FREE, including your keyword rich link text.

  Number Times Read : 813      
Categories

Accessories
Acne
Aerobics
Application Development
Arts
Ask an Expert
Banking
Beverages
Branding
Budgeting
Business
Buying
Cancer
Career
Cars and Trucks
Causes and Organizations
Cell Phones
Collecting
College and University
Communications
Computers
Cooking
Corporate
Crafts & Hobbies
Culture and Society
Current Affairs
Database Marketing
Death and Dying
DHTML
Directories
Disease & Illness
Diseases and Conditions
Domain Names
Drop Shipping
E-Commerce
Electronics
Employee Relations
Entertainment
Environment
Equipment
Ezines and Newsletters
Family
Fashion
Fiction
Finance
Financial Planning
Financing
Fitness
Free Tools and Resources
Gadgets and Gizmos
Gardening
Grants
Growth Topics
Health
Health & Fitness
Home
Home & Family
Home Business
HTML
Human Resources
Import Export
Infants and Toddlers
Internet
Internet Business
K-12
Men Only
Motivational
Motorcyles
Nature
Our Pets
Personal Development
Pets and Animals
Podcasting
Pregnancy and Family Pla
Presentation
Product Reviews
Recreation & Sports
Recreation and Leisure
Reference & Education
Relationship
Religion and Spiritualit
Screenplay
Search Engine Optimizati
Search Engines
Self Improvement
Selling
Shopping
Speaking
Sports
Start Up
Stock Market Investing
Strategic Planning
Structured Settlements
Supplements and Vitamins
Team Building
Technology
Teenagers
Telecommuting
Telesales
Television
Tools & Resources
Travel
Travel & Leisure
Vehicles
Video
Web Development
Weddings
Work Life Balance
World Affairs
Writing & Speaking
 


   

Certain Facts You Must Know Before Becoming a Landlord



[Valid RSS feed]  Category Rss Feed - http://articledirectorydatabase.com/rss.php?rss=63
By : James Klobasa    99 or more times read
Submitted 2007-04-23 11:15:06
Becoming a landlord is an extremely good way to make extra cash. However it all depends on the right research and planning by you. If you do not play your cards right, you could end up losing money.

First of all you have to ensure that rentals are allowed by your area's homeowners association. If there is an option where you can rent out your property then you must set up a rent price. Newspaper classified ads are a good place to get an idea for the rent you should ask for. There are certain questions you might want to answer to determine the rental rate. You should see if the rent that you are going to ask for covers the cost of running and maintaining the house and after paying this, a profitable amount is left for your own disposal.

One thing has to be kept in mind; local laws may hinder rent increases and rent amounts hence you should check with the consumer affairs or housing services of your state. This should be done before you make the final decision to rent your property out.

It is a good idea to join a landlord association to help you stay abreast with latest landlord tenant issues. Becoming a member of an association will help you to interact with other landlords and understand state specific rental or lease agreements. These agreements have to uphold the state law. Features such as a rent increase or forms that deal with eviction etc vary according to policies unique to each state.

One thing you must know before becoming a landlord is that tenants have no rights to trash your property. However, as long as the tenants are paying the rent they can enjoy all the rights of ownership. But the right to sell the property is excluded from this clause.

Landlords must ensure that the property is in a condition that is habitable and that has working locks on the windows and doors, a roof that does not leak and adjustable thermostats. You must check the laws of your state regarding the maintenance and repair responsibilities of the landlord.

Another thing that you must know before becoming a landlord is that the Fair Housing Act of US Department of Housing and Urban Development prohibits any discrimination of tenants according to religion, color, race, national origin, familial status, sex, disability or handicap.

It is imperative that you do not rush through the entire process of tenant selection. You should see that you have compiled a set of standards or criteria to choose a good tenant. All applicants that you might want to consider should adhere to these standards.

These standards should include rules for the rent price, number of occupants, security deposits, pets, minimum income requirements, who pays utilities etc. Economically disadvantaged people are given vouchers or certificates by the housing authority. This guarantees that a portion of the rent will be paid by the government.

Carrying out the duties of a landlord will be easier if you understand the guidelines mentioned above.
Author Resource:- James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing
Article From Article Directory Database

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 

Free Article Submission