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)

Is Walking Away From Your Mortgage Ok?

 

via all property management

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.*

Our New Website!

 Wilday & Smith Property Management & Leasing has a BRAND NEW user friendly website.

Go Visit Us @ www.wildaysmith.com

Buy & Hold Real Estate Investment

Flipping homes may be a great but only a fraction of people who chose this approach are successful at it.  For most people who want to get into real estate investing the best way to make money in real estate is to focus on the long haul by buying positive cash flow properties and keeping tenants for a long time. 

 If you make smart real estate purchases by buying decent positive cash flow properties and putting money into improving the property and selecting good tenants, you can earn a nice and somewhat passive residual income.

Buying and holding can be a great long term wealth building tool….it just simply takes time.

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

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THE VALUE OF PROPERTY MANAGEMENT

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