Metropolitan Updates

A holdover usually occurs when the renter has given a notice to vacate and then stays. As a landlord, you may already have a new renter ready to move but now can’t because of the holder. You will end up evicting the holdover but should ask for damages to cover temporary housing for the new tenant as well as storage cost for their items. The issue is whether or not the resident’s failure to move is willful and not in good faith. You need to take appropriate action to regain possession of your rental, plus rent owed, court costs, and attorney’s fees.

View featured properties

The volatility of today’s real estate market can provide many gems for investors IF they can be flexible in their strategies. Consider why you want to invest; do you want a great return on your investment or are you looking to purchase some newly affordable “prestige properties”? Being too rigid in the locations you’re reconnoitering can mean missing out. You purchase an investment to make money… otherwise you would have bought a boat. Think about your needs. Are you willing to have your investment sit empty rather than lower your rental price? With a slight adjustment and a realstic vision you can have a steady stream of revenue.