Reasons Why Renting Can Be GREAT!

Renting can have many advantages and we have compiled some simple reasons on why Renting can be GREAT!!

1. The Possibility of NO Yard Work
2. Flexibility and Mobility
3. Monthly Utility Bills Are More Affordable
4. More Social Outlets
5. You Don’t Need As Much Furniture
6. Someone Else Fixes The Major Repairs
7. No Major Up Front Fees Like A Down Payment
8. You Can Keep Your Options Open
9. More Amenities
10. Opportunity To Live In The BEST Locations
11. You Can Put More Money Into Savings (401k, etc.)

What are some of the reasons you can think of  Why Renting Can Be GREAT?

OPEN HOUSE THIS WEEKEND!!

We are hosting an Open House for this lovely property located in Plainfield, IL.... You can apply for this property on site.

** THIS PROPERTY ALSO HAS BEEN REDUCED** (price reflects the reduction)

RETALIATORY EVICTION

What is it?

Retaliatory eviction is retaliating against a tenant for asserting their legal rights.  In most states it is illegal for a landlord to retaliate against their tenants.

 

 

 

 

What are some legal rights of a tenant. 

·        Complaining to a government authority

·        Deducting money from rent to fix defects the landlord has not repaired.

·        Exercising the right to assembly (joining or organizing a tenant’s union)

 

Examples on how a landlord might retaliate

·        Increasing Rent

·        Terminating Lease

·        Refusing to renew lease

·        Decreasing Services

In most states the law presumes that the landlord is retaliating if the tenancy is ended or the services are reduced within a certain amount of time after the tenant exercised his or her legal right within usually a six month time frame. 

 

You Can Still Evict an Otherwise Bad Tenant

 

Non-payment of rent, violation of rental agreement, making necessary repairs to the unit (that requires the unit to be vacant).  Bad faith complaints to authorities.  The most important thing is to comply with the letter of the law at all times and to have a supportive paper trail.

 

*As always read your lease and consult with an attorney if need be.*

TO RENT OR TO BUY?..... That Is A GOOD Question!

(Click HERE For Enlarged View)

PRICING YOUR RESIDENTS OUT

With raising rents some low-and middle income residents are feeling the pressure in some markets.  Rental owners and Property Managers may need to evaluate their tenants financial situations before making the decision to increase the rent.  Otherwise, you may price your resident out of renewing their lease.

NEW LISTING!! Wonderful Custom 5 Bedroom 4 Bath Home In Naperville

                                                                 

We have a GREAT listing to Share!!

Go to our Facebook Page  for lot's of GREAT pictures of this property or visit or website at www.wildaysmith.com and click "Available Properties".  For a detailed report with pictures of this Wonderful Property!

BEST PLACES TO BUY A HOUSE TO RENT

Las Vegas, NV

• Vacancy rate: 8.6%
• Average rent: $803

Orlando, FL

• Vacancy rate: 7.9%
• Average rent: $871

Colorado Springs, CO

• Vacancy rate: 5.3%
• Average rent: $713

Memphis, TN

• Vacancy rate: 11.2%
• Average rent: $682

Jacksonville, FL

• Vacancy rate: 10.2%
• Average rent: $800

Houston, TX

• Vacancy rate: 10.2%
• Average rent: $792

Atlanta, GA

• Vacancy rate: 9.1%
• Average rent: $849

Columbus, OH

• Vacancy rate: 8.6%
• Average rent: $690