Sunday, December 9, 2012

Tips on renting your first office space?

Q. I'm a web developer and am in need of a more professional atmosphere than my home office to actually get my work done.

What tips do you have for a person who is looking to rent his first office space? I'm not looking to spend over $600/mo and am in need of basically space and a decent internet connection. What should I look out for? What warnings do you have? What type of agreements do I have to live up to (regarding leases and such)?

I'm in the North Dallas area if that applies at all.

A. TIP #1 keep the first year lease to (6) six months... Yes, it will be expensive, but you need have an out plan... You can still run your business from home and a PO box...

Good luck...


renting an apartment for the first time?
Q. im 19 and ready to get my own apartment and start being independent. im rooming with a friend also. what are some tips about renting for the first time? the rent is $1,100. since its an apartment what bills do i have to pay?

A. Read and understand your lease fully.
See if water and sewer, electric, heat, and or gas, trash collection, TV, , are included.
if not you will need to budget and pay for these utilities.
Who signed the lease, one or both of you.
What happens if one moves out???


What are the best tips for renting out a house as a landlord?
Q. I currently own a home and want to rent it out, I don't want it to get trashed by tenants, I understand the responsibility that goes with being a landlord but I want to know if anyone who is a landlord could share some invaluable tips that could save me some hard ache.

A. 1. Screen, screen, and screen some more. Don't accept anyone that doesn't pass your preset criteria no matter how nice they seem and how much you want to help them out. Check credit, reference, income, and court/criminal records.

2. Treat this as a business. Never make this personal.

3. Take extensive pictures and document EVERYTHING.

4. ALWAYS do things by the book and be fair. ALWAYS enforce the rules immediately. Don't let things go too long or get out of hand.

5. Know your state's/area's Landlord/tenant laws. Print them and memorize them. Do lots of research on the internet.

6. Put in your lease, "Security Deposit is never to be used as rent payment." They always try to use Security as last month's rent. Security is for your protection against damages.

7. Put in your lease that you can check their credit in the future. This is in case they skip town on you. You can check their credit 6 months later to find out where they live and go after them for back rent and damages.

8. Don't be afraid to hire a lawyer to evict. A good lawyer that specializes in evictions can get it done quickly. If you try to do it yourself(and don't know what you are doing), you may lose thousands in time, damages, and lost rent if you don't do this exactly right.


I see so many landlords ask how to get a tenant out quick b/c they haven't paid rent in 3 months!! It should never get that bad. As soon as they are late, serve them notice and evict if rent isn't paid in full by the end of the notice.


Are there any tips for renting out a home?
Q. We have been trying to sell our home for several months. We are upside down on it and cannot mark it down any further.

We tried to to the contract to deed, but it was so expensive after the lawyer and title company fees.

So, our only option is to rent it out and re-coup some expenses. We have found a renter who is willing to pay what we have asked. I am going to go to Office Depot/Max to get renting forms for the contracts. Any other suggestions (CHEAP, sorry but it IS a factor here, especially after paying two mortgages for a year) would be welcomed!

A. Let the management company deal with it. Tell them what you need and want. Sure you have to pay them 16% of rental income but it will give you a peace of mind. They will find the right renter for you, do the background check, and generate the lease agreement.





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