Becoming a Landlord: Everything You Need to Know About the Rental Application Process

The 2015 American Housing Data Survey revealed there were 48.5 million rental units in the United States. That same year, the Rental Housing Finance Survey divided up property managers into two distinct categories— individual investors and business entities. The first category is what most of us think of when we picture a landlord. By one estimate, there are between 10 and 11 million individual investor landlords, with many only managing a single property. Regardless of how many properties you’re managing, you’ll need reliable tenants in order to make any money in the business. That means finding people who will apply for your apartment. Here are a couple of things to know about the rental application process.

 You’ll Need an Application Portal

Landlords have to possess certain qualities including the ability to be on-call 24 hours without losing their sanity. They also have to figure out the best and most efficient way for would-be renters to fill out an application. In most places, the days of paper applications are long gone. Filling out a paper application is about as common as writing a check to pay for a fancy steak dinner.

So if landlords shouldn’t even bother with paper applications, then what should they use? The obvious solution is an efficient online renters application that’s easy for tenants to access and doesn’t cost landlords much, if anything, to maintain. Look for a template that lets you view critical pieces of information that will help you determine whether or not this applicant would be a good match for your property. If you’re charging rent of $1,000 a month, it makes sense that you want all applicants to be making at least $2,500 a month in gross income, since that’s 2.5 times the monthly rent. The best online application template will let you see that income information as soon as you open the completed form.

You Have to Treat Applicants Fairly

Some landlords wrongly believe that housing discrimination laws mean you have to rent to anyone regardless of whether or not you like them, which is not the case. Instead, they’re designed to protect certain classes of people who are perceived to be more vulnerable. Let’s say you’ve narrowed things down to two finalists, but then you find out that one of the applicants is disabled. In that case, you can’t refuse to rent to someone simply because they use a wheelchair. If you have other reasons why they’re not a good match, that’s one thing, but saying, “This won’t work for you because of your physical limitations” is not okay. It’s also illegal to refuse to rent to someone because of their skin color, religion, familial status, national origin, or sex.

The Fair Housing Act doesn’t apply to every single landlord, though. If a landlord lives in the property they’re renting out, they may be exempt as long as the property contains four units or less. However, even in that case, you still can’t advertise in a way that could be seen …

Best Markets in Buenos Aires

An Emperor’s capital in 1010 AD as well as the capital of French Indochina, Hanoi, today, may be the seat of government from the Socialist Republic of Vietnam. Known as the gateway for the mountain region the north and scenic Ha Long Bay, Hanoi is recognized for its historic and colonial buildings, beautiful landscape and enchanting people.

– In addition, you will find special kid’s suites offered at the Garden Plaza Hotel that can fully built with bunk beds

– The Garden Plaza Hotel are special activities geared for the children that are staying in the hotel, craft projects, themed games and water games which might be all scheduled throughout various times during the the day

– This Gatlinburg hotel really is targeted on making the younger family enjoy their stay

– Parents will always be happily surprised at the deficiency of usual boredom that their children feel when staying with the Garden Plaza

The Wonderful Salobrena

WP offers several packages from free to start with and up to $750 dollars. The affiliate product will give the member the capacity and know how n how you can create a simple squeeze page or, blog. From the blog itself you may be promoting over the unique articles software online programs in the click bank ads site. Although the coaching and mentoring isn’t exactly 1-on-1, it would be best for team up with someone who has already been successful available as this type of internet business does have a learning curve. – The Garden Plaza Hotel is located two miles in the entrance with the Great Smokey Mountain National Park

– The Great Smokey Mountain National Park has guided tours while offering day long back-packing trips and horseback excursions from the park – hosted by private companies located right beyond your gate

– The Smokey Mountain chain is really the star in the trip

A style implemented in planning the location was the radiating grid of streets from the central Plaza. While this sounded good inside formulation stage, the result would be a maze of narrow streets and alleyways. Though the outcome frustrates motorists, the proliferation of galleries, shops and restaurants are making the location a tourist’s delight.…

Mistakes to Avoid When Buying a Home

Buying a home for the first time can be exciting and fun. The issue, though, is that some people jump right in without thinking about everything involved. Not only is this a bad decision, but you might end up regretting it. Before looking for NC Real Estate – North Carolina, take a look at the mistakes below so you can avoid them!

Over Spending

One of the biggest mistakes that is made is over spending. While anyone buying a home can do this, it happens quite a bit with people who are buying for the first time. They buy more house than they can actually afford. There are calculators online that you can input your information into and it will let you know how much you can afford based off of your income. If you do end up over spending, there’s a chance that you’ll struggle to make your payments or even lose your home.

Denying an Inspection

Another big mistake that many people make is denying an inspection. You should get the inspection before an offer is made because you never know what might be going on. You don’t want to just take the seller’s word for it because they could be hiding big problems. Having a certified inspector come in can help you find out about any repairs that are going to need done or any parts of the home that aren’t in the condition they should be.

Forgetting Additional Expenses

Some home buyers completely forget about additional expenses they’ll come across. Not only is there the price of the home, but they also have to remember closing costs, home insurance, any renovations and any repairs. If they spend all of their money on the home price, they won’t have the extra money to take care of these costs and that could lead to an even worse situation.

House Shopping Before a Mortgage

Many first time home buyers also find a house before they apply for a mortgage. Before you even begin looking for a home, you want to get pre-approved for a mortgage. There’re a few reasons for this. For one, you’ll know exactly how much you can spend. You’ll also not end up falling in love with a home that you might not be able to afford. Knowing how much you can borrow means you can look at houses that are only in that price range!

Rushing

One last big mistake that people make is rushing into decisions. For instance, they might go with the first agent or first home they see. This can really make you miss out on a lot of great things. Not only can the agent be horrible, but you won’t see all the houses that are in your price range. Just take your time!

These are all mistakes that can be completely avoided. Not only will the process be more enjoyable for you, but you’ll also have a higher chance of not regretting your purchase. Remember, just take …

What Types of People Buy Condominiums?

Condo living is not for everyone, but it does offer many benefits. One of the biggest benefits is not having to worry about maintenance of the exterior of the unit and the grounds. For some people this is the ideal way of living. There are a few typical groups of people that love the condo lifestyle .

The Young Professionals

The first group is the young professional couple. These are people who lead very busy lives. Because of this, they don’t want to worry about wasting what little free time they have doing yard work. The condominium lifestyle offers them an opportunity to live in a property they own without worry over exterior maintenance. Often this group also enjoys the many amenities certain condominium complexes have to offer. From gyms and swimming pools, to community centers and spas, condo living can be a great place for young professionals.

Senior Citizens as Condominium Owners

The other prime group that loves condo living are senior citizens. This group traditionally has already had years of enjoying their time owning homes and caring for yards and gardens. They are often at a point in life where they just want to relax more, travel more and worry about yard work and exterior maintenance less. Condominium living for retirees can be a wonderful way to continue home ownership without all the stressors of exterior property maintenance and care. It often gives senior citizens a great sense of relief when they can own property without these additional home ownership worries.

The Single Person Lifestyle

The last group of people that are traditional condominium buyers are the single person home buyer. These people may come from any age group and are usually looking for a way to buy a home they can call their own. However, because they do not have a family, many single home buyers do not want to worry about exterior property maintenance.

Parents of College Students

This group can include college students looking for condos near the University of Texas. For many parents of students attending the university, this can be a great investment that allows them the ability to help teach their young adults about the basics of home ownership. It also allows them the ability to ensure that their young adult children do not have to keep moving in and out of dormitories, can readily cook for themselves, and can have a place to continue living after college is over if they choose to start a career in the area.

Since parents often do not live in the area, buying a condo near the university can allow their children to have a great place to live without worrying about property maintenance. This is when long term ownership by parents can make sense. Since most property increases in value, parents have few concerns over resale value in these circumstances.

Condominiums as Investments

The last group of buyers of condominiums are investors. These people are looking to buy a condominium and rent …

The Nelson-Atkins Museum of Art

At one point soon enough one thing you may expect when residing at one of several hotels was a room using a bed along with a wash bowl to clean yourself up. If you needed a meal there would have been a cafe on-page, however the meals are not free. You could, however, expect a room to become cleaned and also the sheets for the bed changed, in case your weather was hot, you’re lucky to get a power fan.

– Cat’s hostel is among the best know budget guest houses in Madrid and possesses been highly rated by a number of independent travel guides

– Aimed at ‘young people who are up for the good time’, Cat’s hostel is a great spot for solo travellers: using a thriving social scene and frequent party nights you might be certain to have friends hitting the city with

the Best Florists In New York City For Your Consideration

Popular among visitors not only due to the aesthetic and cultural value The Wisteria Tea House was also the positioning of the film Eat, Drink, Man, Woman which starred Ang Lee. Serving as a gathering location for Chou Te-wei, a gaggle of academics who believed in liberalism inside 1950’s, the tea house became host to numerous political movements in their time. Latterly it took over as place of convergence for artists and political dissidents after the pro-democracy Kaohsiung incident in 1979. – There is a choice of hardware items, that may be completely new or perhaps second hand

– Apart from video massive amount electronic equipment such as printers, cameras, game consoles and music players are also available

– Software systems can be a popular item at Pantip Plaza in addition to copies of music and films

– Shops featuring repairs, networking, modifications and accessories are popular especially for the mezzanine floor

Cerro de Monserrate First stop: Monserrate. This Roman Catholic Sanctuary, located 2,000 feet above Bogota, is accessed via whether cog rail or cable car. From this mountaintop the vast panorama of Bogota spreads out before you decide to. It’s an amazing view, but Monserrate possesses its own charms, including a splendid church, fabulous gardens, and dozens of shops which you could bargain for local crafts.…