Landlord-tenant law governs the rental and leasing of both residential and commercial property in the United States.
It only takes one bad tenant to turn a potentially profitable income property into a money pit.
Even though it’s a vital part of a successful real estate investing strategy, insurance is often overlooked by real estate investors and landlords.
Many income property owners operate under the assumption that, if they simply hire a property manager, they’re immune from any liability associated with the decisions, actions or negligence of their property manager.
Very few property owners and managers would intentionally discriminate against a prospective tenant based on their race, color, religion, sex, familial status, or national origin.
One of the biggest challenges to maintaining a profitable rental property is vacancy. Even when your rental goes vacant–and you’re not receiving rental income–you’re still paying insurance, taxes, utilities, and making mortgage payments.
Over the past few years, both residential and commercial real estate have rewarded investors handsomely yielding average annual returns on the upward of 7-10%.
The Fair Housing Act (FHA) of 1968 is a federal law that was passed by congress in a effort to put an end to widespread housing discrimination in the United States.