Renting


Renting / Roommates, managing rentals, and understand rental terms

What is a lease-purchase agreement?

A lease-purchase agreement is one a homeowner sets up with a renter who wants to buy the property at a later date, possibly when they are in a better financial ...
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5 Pros And Cons of Living With a Roommate

Have you ever thought of sharing your home with another person? Whatever stage you’re at in your life, at some point you might consider finding a roommate to split expenses ...
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How can I protect my investment if a tenant will cause a lot of damage to the home?

Start out with a good lease agreement that covers all bases, and get a two-month security deposit. The lease agreement should clearly state when you can enter the property and ...
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What is option money when renting a house?

When renting a house with an option to buy, also known as leasing with option to buy, you pay the landlord/seller a one-time, nonrefundable option fee. This money gives you ...
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Can I rent my current home with an existing mortgage, and still get a second house?

You can get a mortgage for a second house in this situation, but you must prove to the lender that you have the financial ability to carry both mortgages, as ...
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Is first and last months’ rent too much for a deposit to move into a house?

Most landlords charge first month’s rent and a security deposit. Some landlords add last month’s rent as well. First month’s rent covers the first month the tenant will live in ...
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Is rental insurance worth it?

Rental insurance is absolutely worth it. It’s not expensive for tenants, and protects your possessions in case of a fire, burglary or other misfortune. Your landlord’s property insurance does not ...
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How to handle tenants who pay rent late?

If your tenant does not pay the rent on time, there’s a legal process you must follow. This process varies from state to state. Do not allow the rent to ...
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Is there a credit check in a seller financing transaction?

In a seller financing deal, because the seller is financing the deal, there isn't necessarily a credit check involved. This is the decision of the seller. However, if you've been ...
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