Renting your first apartment is both exciting and intimidating. It is a really big deal – big enough to make your head spin. Here is a list that we’ve put together to make this an easier task for you.
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Benefits of Using a Property Management Company
You’ve invested in your first rental property. If all goes well, you will now have an increase in your monthly cash flow, and will build long-term wealth. You’re excited and confused. What do I do now? How do I get the right tenant? How do I have the time to do all that I need to properly manage my rental property? I want to avoid errors made when managing a rental property, and I want to focus my time and attention on running a successful real estate investment business. How do I do that? The answer is, you need to hire a property management company.
Renting Laws and Service Dogs
What’s A Dog Doing In A “No Pets” Apartment Building?
Renting Laws and Service Dogs
A common question coming from renters is, “Can I have a service dog here?”
This question is a lot more complicated than one might think, and should be answered by a qualified attorney. Basically, there are Federal Laws that may protect people with disabilities such as the Fair Housing Amendments Act, Section 504 of the Rehab Act, and the Title II of the Americans with Disabilities Act. But, not all rental housing is covered by a disability law. You may need an attorney to determine whether or not your landlord is exempt from these laws.
Rental demand heats up in the Cleveland area
As with many areas in the United States, rental demand continues to climb in the Cleveland area. The latest data from the Federal Reserve suggests that now is a great time to be a property owner since during the last three months of 2015 property owners’ rental income amounted to around 4.3 percent of the U.S. national income. Meanwhile, key takeaways from the “Emerging Trends in Real Estate” report published by the Urban Land Institute and pwc has us looking forward to successful investments for properly managed rental assets.
Your Cleveland, Ohio lease agreement matters!
It is important to be aware of changes to real property law and contract law. Perhaps what is more valuable is to have a lease reviewed by a lawyer who specializes in landlord/tenant law. Our management professionals always make use of a carefully worded Cleveland, Ohio lease agreement, which has been reviewed by an attorney.