Landlords wishing to protect their investment should ask potential tenants questions regarding the tenants' monthly income, the number of people expected to live in the home or apartment and if they have ever been evicted from a home or apartment, according to Erin Eberlin, Landlords & Property Investments Expert on About.com. Understanding past problems and anticipating future problems can help a landlord minimize risk associated with signing a contract with a new tenant.Know More
By asking potential tenants why they plan on moving, a landlord can learn of potential issues that might make him less likely to rent his home or apartment to those tenants. A potential tenant who says he is changing jobs, for example, might be viewed as a lower-risk tenant than one who says he was evicted from his prior residence.
Asking a potential tenant if he is prepared to pay the security deposit and first month's rent before moving in can help a landlord determine if the potential tenant is a prime candidate with whom he actually can enter into an agreement.
Asking how many people are expected to live in an apartment or home helps a landlord determine if there is ample space for those people in the home. If there are twice as many people as there are bedrooms in the home or apartment, this may indicate a higher potential for wear and tear.Learn more about Real Estate
Some tips for aspiring homeowners include looking at monthly income and expenses to determine which houses they can afford, saving for a down payment for at least 3.5 percent of the house's cost and taking a look at their credit scores to improve the likelihood of getting mortgage approval, suggests Yahoo Finance. Those who want to become homeowners should also seek pre-approval for a mortgage and seek advice from lenders.Full Answer >
Websites landlords can list houses for rent include Zillow.com, RentLinx.com and Airbnb.com. Zillow.com is a website on which only dedicated landlords can advertise listings, whereas Airbnb.com allows both professional landlords and average individuals to list properties or even their own homes. RentLinx.com advertises listings to various companies, including Zillow.Full Answer >
Free forms for landlords are available online through sites such as EZ Landlord Forms, The Landlord Protection Agency and Rocket Lawyer. Many forms are state specific, while others are generally used nationwide.Full Answer >
In Los Angeles, landlords who want to terminate tenancy must give a written notice allowing a tenant 30 days to move or 60 days if the tenant has lived there for a year or more. However, if the tenant has breached the terms of the lease, less notice is allowed.Full Answer >