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re: TOS: Being a landlord
Posted on 6/12/15 at 2:08 pm to Jefferson Dawg
Posted on 6/12/15 at 2:08 pm to Jefferson Dawg
quote:
You have to wonder what type of people would be moving into a house that's split up into five different units.
The place stays rented but to who or what type of people I have no idea. I'm not sure I can legally ask. I know when buying a home there are some strict rules regarding discussing race. This may be different though since they are renters.
4
Posted on 6/12/15 at 2:24 pm to retooc
Get a property management company. You'll be much happier in the long run.
Posted on 6/12/15 at 2:25 pm to retooc
quote:
The place stays rented but to who or what type of people I have no idea. I'm not sure I can legally ask. I know when buying a home there are some strict rules regarding discussing race. This may be different though since they are renters.
If i buy a rental property Imma damn sure find out who's in it, what their rent is & what their payment history if I gotta take them with the property... If the Gov. says I'm not allowed to know this info till I close, I'm out...
This post was edited on 6/12/15 at 2:27 pm
Posted on 6/12/15 at 3:30 pm to retooc
quote:
I'm not sure I can legally ask.
Check the rules on this. I have been told by a property management company that the Fair Housing Act doesn't apply to me because I only own one home and if I am renting it out on my own, I am expempt from so-called "discrimination".
CLICKY
quote:
What Housing Is Covered?
The Fair Housing Act covers most housing. In some circumstances, the Act exempts owner-occupied buildings with no more than four units, single-family housing sold or rented without the use of a broker, and housing operated by organizations and private clubs that limit occupancy to members.
Posted on 6/12/15 at 4:36 pm to retooc
Also...I don't know who in the hell told you that you can't ask about tenants but I'm pretty sure that's horseshite. We bought a unit with a tenant in place and were told we could review their application and credit....and built our approval of them and the lease language into our offer. Now there weren't any race questions...but the shite that matters was in there.
This would be like buying a business and not being allowed to look at the books. As I said...get a real estate attorney. If you don't want to spend a few hundred bucks getting proper advice then you shouldn't be buying a rental to begin with IMO.
This would be like buying a business and not being allowed to look at the books. As I said...get a real estate attorney. If you don't want to spend a few hundred bucks getting proper advice then you shouldn't be buying a rental to begin with IMO.
This post was edited on 6/12/15 at 4:39 pm
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