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photo credit: EdTarwinskiAbout five years ago the real estate market was a flipper’s paradise. Now it?s turning into a foreclosure nightmare. But some savvy real estate investors are turning these foreclosures into cash making opportunities by purchasing homes and then renting them. If the lightbulb just went on over your head, you’d betting pull on a lampshade and consider the nitty gritty details before diving into a foreclosed property investment.
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photo credit: mangpages

They haven’t paid rent in months and they’re breaking a couple other lease terms and even though you’ve asked them to leave, those problem tenants are still on your property. So, what do you do? You change the locks, right? Wrong! (more…)

photo credit: illryion

You’ve given them more chances than they deserve and they’ve got to go NOW! It’s a horrible feeling but unfortunately its one that a lot of landlords and property managers have experienced. You try to help out the tenant and work out a solution but they’re still breaking the rules or not paying rent on time and now you just want to get rid of them. The problem is there are fair housing rules in each state and sometimes in each community that protect the tenant from an unlawful eviction. These laws mean there are certain hoops that landlords have to jump through to obtain a legal eviction. (more…)

credit: bloomsberries

If you have a tenant from hell it might be tempting to kick him or her out of your property. But you had better make sure your definition of a hellish tenant conforms with the law. Almost every state and some cities provide protection for tenants from such retaliation if the renter is exercising a legal right. (more…)

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credit: rick

Evictions are a tricky part of property management. Once you agree to rent to someone and let them move into your property they gain certain rights, which at times, can seem to be more in their favor than the property owner’s. (more…)