Wednesday, December 5, 2012

What to consider when renting through a property management company?

Q. I have always rented homes directly through the owner so I'm not sure what to expect when renting from a property manager. What is different? What are some good questions to ask when doing a home walk-through with the agent? What are the advantages and disadvantages to going though a property manager?

A. They are more knowledgable and the experience should be significantly more professional. However, they don't have an ownership interest in the property and can be more lax about repairs and maintenance.

Get a copy of the walkthrough and keep it.


Decor ideas for high ceiling in rented home?
Q. My fiance and I are renting a home with high, vaulted ceilings. It's not a charming old home--more like a shabby circa-70s Caifornia ranch with white walls and dated fixtures.

I'm from the Northeast, and I'm spoiled by historic homes that look chic no matter how you decorate thanks to the character of old-fashioned molding. But I'm a little lost as to how to make this one look quaint and artsy on a budget without painting or making major changes.

A. Placing wall art of mirrors a little higher than eye-level will take away from the height of the wall. Focus will appear on the items you have chosen for decoration.

Embrace the home ~ sounds lovely!

http://www.bargainbunch.com


What rights does one have if they are renting a home, and just found out it is being forclwed?
Q. My sister rents a home and pays her rent every month on time. She signed a one year lease in August. A mortgage company came to the house,, took pictures and served her with papers for the owner stating the house has been forclosed. What rights does she have to stay there? Her family has nowhere to go right now.

A. Your sister needs to start looking for a new place, pronto.

A foreclosure is not a sale or transfer of ownership, it's a repossession, the laws that apply when an owner sells a home that leased do not apply in this situation. The lease is completely void.

Bank's are not in the landlord business, and are quick to try to mitigate their damages by putting the home on the market as quickly as possible.


What rights does one have if they are renting a home, and just found out it is being forclwed?
Q. My sister rents a home and pays her rent every month on time. She signed a one year lease in August. A mortgage company came to the house,, took pictures and served her with papers for the owner stating the house has been forclosed. What rights does she have to stay there? Her family has nowhere to go right now.

A. Your sister needs to start looking for a new place, pronto.<BR><BR>A foreclosure is not a sale or transfer of ownership, it's a repossession, the laws that apply when an owner sells a home that leased do not apply in this situation. The lease is completely void.<BR><BR>Bank's are not in the landlord business, and are quick to try to mitigate their damages by putting the home on the market as quickly as possible.





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