Should You Sell A Property With Tenants Living In It?

Should You Sell A Property With Tenants Living In It?

If you take a look at your local market, you may decide that now is a great time to sell your house. On the other hand, if you have people living in the house, should you go through with the sale? In general, there are no federal, state, or local laws that prevent you from selling a house that currently has renters in it. What do you need to know? The Lease Will Carry Through With The Sale The lease will carry through the sale. Essentially, the new owner will inherit the current lease agreement you have with your renters.…
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Do You Need To Get A Credit Reference From Your Rental Applicants?

Do You Need To Get A Credit Reference From Your Rental Applicants?

Are you looking for new renters for your investment property? If so, you must make sure they have the ability to pay rent on time, every time. That is probably why you are thinking about running a credit check on all of your renters. In some cases, this might be enough. In other cases, you might need to get a credit reference. What are some of the reasons why you may need to get a credit reference from your renters? What Is A Credit Reference? Just like the credit check itself, a credit reference is a way to look into…
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