Want to understand more about being able to rent out my 1 bedroom house.

Passive Income

I let a woman come in and live with me when she seperated from her husband. She has been living here for 3 months. Now she is 5 days late on the rent and I have heard through the grapevine that she is planning on moving out next week ( I know. I am a sucker) Is there anything I can do to make her pay me her half?!

Quick Property Sale

WE NEED HELP, WE BOUGHT A HOUSE IN CALIFORNIA LAST YEAR IN MAY-2006 IN L.A. CALIFORNIA BUT WE LEND SOME MONEY TO A RALATIVE AND GOT INTO TROUBLE FINANCIALLY RESULTING IN BEING IN DEBT AND NOW WE CAN NO LONGER PAY THE PROPERTY, WELL WE CAN BUT THAT IS ALL WE CAN DO NO MONEY IS LEFT FOR LIVING AND WE KNOW THAT THE HOUSES ARE LOWERING THEIR PRICE AND NOT GAINING ANY EQUITY WHAT CAN WE DO TO SELL THIS PROPERTY FAST AND GET OUT OF PROBLEMS WE CAN NO LONGER BE LIVING WITH THIS LOAD OF STRESS I’M VERY VERY DEPRESSED AND CAN NOT FIND A EXIT. PLEASE NO JOKES WE KNOW WE MESSED UP AND NEED SUGGESTIONS.

Passive Income

I was wondering if anyone knew what the statue of limitations is for a person that owes you back rent. It has almost been a year since they moved out and still owe rent. How long do I have to sue them for it?

Quick House Sale

We live in California.

And if the answer is yes, where can you find a mobile home as a rental in your own lot?

Quick House Sale

I recently hired a company to renovate my house and the company went out of business during the renovation. I still have a fair amount of work to be done.

I was recently contacted by the owner of the company and told that he needs to get the materials out of my house or 84 Lumber will put a lien against my house. The material was to be used for a deck.

I already paid the contractor, Case Handyman, for the materials. I do still have the final payment to finish the project, about $10,000.

Can a vendor, such as home depot, lowes, etc. really put a lien against my house for material purchased by a contractor for home renovations? This is in Maryland.

Thanks!

Real Estate Professionals

Do I need to deduct property tax from the rent? Thank you

Quick Property Sale

So I’m on a fixed rate mortgage for five years, but I was thinking of buying another property and moving to that, and renting this one out. Do I need to change my mortgage to buy to let? Or can I just rent my property out and get the tennant to sign a contract etc?

Repossession

my husband is about to be made bankrupt so we now need to find a rental property for when we need to be out.
my question is can you rent a property while being bankrupt as i am confused by the situation.
thanks.

Quick House Sale

Alright, you have spend the last 4 weeks watching some renovation program on television and have formulated some ideas about what you want to do with your condo to help it sell better. With hammer and wallpaper in hand and the words of Bob Vila coursing through your mind you are bound & determined to create the perfect living space in a short amount of time without blowing anything up. Good luck! The question you should ask yourself is “Am I Bob Vila or Tim Taylor?”

Let’s be honest, those shows make renovations look so easy. In fact, they make it look so easy that you are considering putting in skylights (the upstairs condo won’t mind), new windows, a heated sub floor (downstairs condo gets free heat) and several other improvements that take specialists years to learn how to install. The reason that this is a concern is that if renovations are done sloppily or unprofessionally, buyers will notice. Usually all it takes is for them to notice one small flaw in a fix and they begin wondering what else has been “tampered with?” You may start with the best of intentions but you also need to be realistic about your abilities when it comes to renovations. Don’t start any projects that your aren’t completely confident that you can finish.

Sometimes when you overestimate your abilities in renovations you end up causing more problems that you fix. More than a few condo and home owners have started projects only to call a professional when things finally get out of hand. By this time it usually involves the owner coming out of wallet as well. Take the time to talk to someone who knows renovations before starting anything. ask them about your particular project and if there is any danger of causing damage to the property. Also, find out if you have all the necessary tools for the job. There is nothing worse then getting halfway into a project only to realize your suddenly need an arc welder…..or a backhoe.



Sell and Rent Back