The Profit Blog

Turning Rental Problems into Real Estate Profits
Rules and Regulations Violation of the rules and regulation shall be construed as a breach of the terms and conditions and a forfeiture of the lease agreement. The landlord, at the option, may end this lease agreement by notice in writing and tenant may have no further right or possession of the rental unit. These rules and regulations apply to tenants and any and all guests of tenants. ...

Turning Rental Problems into Real Estate Profits
The Lease No matter where you are, we always recommend you use the lease from your state’s board of realtors. Sometimes, you may have multiple boards of realtors in a state, so whatever board your area is serviced by, use that board’s forms. And I’m going to emphasize that again. Always, always use the forms that are already pre-approved and provided for by your local board of realtors....

Turning Rental Problems into Real Estate Profits
Security Deposits We’re going to start with security deposits. This is a very hot topic. There are some federal guidelines. The landlord-tenant law—the primary body of law—came out, I believe in 1957. It’s known at the Landlord Tenant Act, and most states have adopted their own versions now. This is different than protected classes. With protected classes, you can’t change what the federal...

Turning Rental Problems into Real Estate Profits
Discrimination and Compliance There is a Federal law that comes from the Civil Rights Act of 1964 which has to do specifically with fair housing. Within fair housing, they have what they call the protected classes. Protected classes are anybody of race or color, national origin, religion, sex, age, familial status, and disability. This is a lot of people because every one of us is either male or...

Turning Rental Problems into Real Estate Profits
Charitable Organizations Charitable organizations are not the same as a government program. Charitable organizations, as we look at them here, are typically private institutions. In other words, they’re 501(c) 3s, like a local church or charity. There are Catholic charities. There’s the St. Vincent de Paul Society. There are Jewish community centers. Most cities have a community outreach...
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