How to Rent Out Your House in Richmond Hill
If you’re considering selling your Richmond Hill homes, you might actually benefit more from turning your home into an investment property and start earning rental income. An economic slump can result in a lower profit if you sell your house now. With the housing market as it is, it might be wise to wait for better conditions. A lot of reasons can lead property owners to rent out their homes. This article helps potential landlords prepare for what’s needed when setting up their property for new occupants. Figure out what features and amenities …
Georgia Fair Housing Act - An Overview
The federal Fair Housing Act is a federal law that requires landlords to treat their renters fairly and give each tenant equal opportunity for housing without discrimination towards certain protected classes. The Fair Housing Act was passed in Congress in 1968 after a widespread push for fair housing by the civil movement groups at the time to prevent discrimination. At the onset, the fair housing act only protected four characteristics: religion, race, color, and national origin. Sex was added in 1974, and disability and familial status came …
Top Tips When Buying Investment Property in Richmond Hill
Did you know that one of Georgia's top six places to live and work is Richmond Hill? Richmond Hill homes are high in demand due to the fantastic schools, rich history, close proximity to military bases, and overall high-quality lifestyle. Purchasing investment property can be a great way to produce passive income, but it's not for the faint of heart. You should have a solid understanding of the market and local laws before buying. In this article, we'll cover our top tips to help you avoid common mistakes that new investors make when purchasing…
Breaking a Lease in Richmond Hill Georgia - Know the Laws
Most landlords in Georgia require their tenants to sign a lease and provide a security deposit prior to moving into their rental property. This is because a lease is a legally binding contract that offers a myriad of benefits to both the landlord and tenant. Having a lease agreement to secure a tenancy is important. This helps ensure landlords will not have issues with tenants paying rent while they occupy your house. Usually, lease terms last a year. This means that when potential tenants signs a lease, they agree in the eyes of the law and th…
Georgia Security Deposit Laws
Do you own at least 10 rentals as a landlord? If so, you must abide by Georgia’s security deposit rules. You may also be subject to this law if you hire a company to manage your properties on your behalf. The following is a basic overview of Georgia’s security deposit laws for landlords. Is There a Security Deposit Limit in Georgia? No, there are no security deposit limits or maximum security deposit amount. As a landlord, you can ask for any amount as a security deposit when a tenant chooses to rent your premises. However, you’ll want to be r…
