Characteristics Of That Dreadful Landlord You Should Avoid

Published on: 02 August 2019 Last Updated on: 11 September 2019
Bad Landlord

Home should be a place of rest and comfort; a place where you and your family can happily go about your life in peaceful and quiet enjoyment. However, one unfortunate situation that has befallen many people is the issue of having a bad landlord. This can quickly transform your supposed paradise to hell.

In this post, you will learn about the telltale signs that will help you spot a bad landlord before signing that crucial agreement.

Characteristics of a Bad Landlord:

1. The building will look poorly maintained:

This is one sign that cannot be hidden. You may notice worn-out painting, cracked walls, leaky roofs, or other noticeable signs of neglect. When you complain about this, a bad landlord may either lie to you that the maintenance team have already been mobilized and will start work soon, or he may tell you the defects are not a big deal – (a statement that you will believe at your own risk).

2. General evasiveness:

Whether you are inspecting homes for sale in Palo Alto for instance, or even considering a lease, the story is the same. Whenever you notice that the landlord is not providing satisfactory answers to your questions, it will be wise to retrace your steps.

3. There are unclear clauses in the agreement:

This is another way through which you can tell that things are not right and will not be right anytime soon. You may see some clauses in the draft copy of the agreement which you don’t vividly understand.

When you ask questions, you may be told that it’s nothing, just mere formality. That’s a big red flag! When looking for homes for sale in Palo Alto, you should seek the advice and guidance of a realtor who will always protect your interest from malicious intents and purposes.

4. Desperation:

A bad landlord will most likely exhibit signs of desperation. You will notice a higher inclination towards collecting your money before any grey areas or uncertainties are sorted out.

When buying a home, you should place your funds in an escrow account before the successful substantiation of all documents. A bad landlord will likely tell you that you have nothing to fear but will disappoint you in less than no time.

5. Your instincts may tell you something is not right:

Chances are that a bad landlord would have exhibited many signs which somehow make you apprehensive and uncertain. You should learn to trust your instincts as they will not fail you most times.

Arriving for an appointment late and not apologizing, an unpleasant personality, an overbearing disposition, and other unwholesome acts are among signs that should keep you on your toes and get you accurately apprehensive about the deal.

6. Bad testimonies:

It is advisable to ask questions around the neighborhood about the personality of the landlord before parting with your money or signing any agreement. If none of the neighbors has anything good to testify say, you better abort the deal and seek for a better option.

Conclusion:

Miss Haven ensures you and your loved ones can bask in the modernity and conviviality Palo Alto is famed for staying in fantastic palaces for homes. Stay somewhere you are always eager to come back to, a house you are proud to call home!

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

property investment

Investing in Property is Investing in Your Future

The idea of investing in your future is something that many people think about but don’t know how to start. We all know that planning for the future and looking ahead is something we should do, but the specifics can be hard to pin down. Whether you are trying to plan for your retirement, for your children’s future, or for your company, having long-term plans and goals is an important consideration. When it comes to preparing for your future, it is worth thinking about investing as an option, especially if you are uncertain about if or when you will retire. Property investment is a lucrative and worthwhile strategy for continuing savings and it brings both monthly returns and potentially large profits when the time comes to sell. Investing in property is one of the best ways to prepare for your financial future. There are two major benefits to property investment and the first of these is rental income. If you are considering investing in buy to let property you can earn a monthly rental income from the tenants who are living in your property. The second benefit is capital appreciation – the amount that your property goes up in value by while you have the investment. If you are able to find a property with high yields, you will find that the investment can pay for itself after a few years, meaning that in the future your property is just making more money. Property prices in the UK have risen by an incredible 281% since 1996, and in London, prices have risen by 501%. According to the Nationwide house price index, buy to let property investors typically earned returns of £14,987 for every £1000 that was invested twenty years ago. Having a long-term property investment strategy can lead to greater financial independence and if you can afford to invest early, you can benefit from a longer amount of time for the property to go up in value. Many successful property investors have used the profits from selling one property to build up a portfolio and can live comfortably off their rental earnings into retirement. There are some considerations when it comes to property investment that it is important to be aware of. If you need to get money out of your investment quick, selling a property can be a long and expensive process so it is important you have a backup plan too. There are also other fees, costs and tax implications that you need to consider before investing in property, like ground rent for an apartment or stamp duty. However, there are many more benefits to property investment. Property investment remains one of the most popular and trusted investment strategies and many people have become incredibly wealthy by investing in the right property at the right time. It is important that you think carefully before investing and choose a property that is a great bet for the future. Property investment specialists RW Invest have a range of buying to let properties available at below market value prices, with guaranteed rental yields for a set period, allowing you to plan your investment and returns. Property generally appreciates considerably over time and this can make owning a property in a high growth area a smart investment for the future. You can hold on to a property while its value appreciates and as you are earning rental income at the same time, owning a buy to let property is a profitable situation to aim for. Read Also: Benefits Of Investing In City Centre Property How To Sell Your House Fast?! Five Must-Know Tips To Move Your Property!

READ MOREDetails
Buying a Second Household

Secrets to Choosing the Perfect Second Home & Make Money Out of It 

Do you own a house, and are you considering buying another one? The purchase of a second home is usually decided to enjoy a rest or family vacation.   Having a second home is a dream that many families want to have, and the summer can be an ideal time to choose that desired home. A second house offers the possibility of unique moments, especially in summer.   These are the benefits of buying a house for a vacation or another household. But before decision, do the following: Think About your Goals You may want a holiday home that you can visit during the holidays. Alternatively, maybe after your retirement, you might want to lay back and enjoy your retirement years. This can also be a vacation home, which you can leave for your children after you pass away.   If you are looking for tax deductions as an incentive for buying your second house, you are doing it right. However, a lot of it boils down to how you are going to use the second home. There are differences in insurance coverage when it comes to a second home.   A vacation home cannot be brought like an investment that will generate income. The difference can run into thousands of dollars. So, before you purchase a second house, you must settle this debate. Thoroughly go Through the Actual Figures and Numbers To begin with, you need to consider the mortgage factor. You really need to decide whether you want to invest your life’s savings as a down payment. You also need to plan on where the second mortgage might come from.   If you are sorted on the above two fronts, you need to start considering other avenues of additional expenditure that you might incur for your second home.   These might include issues like-   Taxes on Property.  Insurance of the house.  House Maintenance Annual Charges.  Redesign and repair.  Furniture and fees for property management.  What will your tax depend on what kind of property you are planning to buy? Before you do anything, it would be wise to seek an expert opinion from a tax professional.   He will be able to give you the complete picture of any financial expenditures you might be facing in the future.   You might also be interested in knowing whether you will get tax breaks or interest deductions on your new home. Establish a Budget Establishing a budget for the purchase of a second home is important because it will be key when calculating the mortgage fee. The budget should include the initial expenses of buying a house. Choose several areas to track to find your second home.   It is important to be clear about what use will be given to the Property and, depending on that, choose the area. Do not focus only on one geographical location; consider several options and make sure you have the necessary services for the purpose of buying the house.   The distance will be important since you will always be able to use your second home whenever you feel like it. Know your Mortgage Options A bigger chunk of the payment is made at the down payment stage, which ensures fewer monthly installments.   This, in turn, will make your borrowing from the bank of a lesser denomination. However, there is a huge difference in the interest rates of loans for primary residences and households deemed vacation homes.   One expert you should see is a Loan Officer. This professional is the best person to aid and advise you on your requirements. He will also be the best person to tell you about the qualifications required for the loan processing stage.   The typical procedure involves the loan officer appraising your current economic status and suggesting which loan packages will suit you the best. He will also look at your proposed dream home before making the suggestion.   If you apply for a loan at a bank where you are already a customer, you might receive some additional benefits.   The process itself might become easier, as the bank would already be aware of your economic and financial holdings and advise you accordingly. Beware of Fashionable Places Every so often, a city becomes a fashionable holiday destination. Be careful with fashionable places among most of the population because they are usually much more expensive and travel to them is complicated.   There are traffic jams to go and to return, queues in the supermarkets, shops, and other businesses, and 100% occupation.   There are some problems arising from going to summer to the best destination. Renting it Out for Extra Income  Many people justify buying a second home by renting it out when they're not using it. It can be a good way to cover some expenses, especially in popular vacation spots.   However, it is important to do your homework before diving into this. Some areas have strict regulations regarding short-term rentals. You should also consider the additional management that comes with renting—a property manager, cleaning fees, and handling guest complaints. Plus, there’s always wear and tear to think about. But if you play it right, renting could be a significant source of passive income. Just weigh the potential profits against the extra work and possible stress. However, remember, dealing with tenants can be challenging sometimes. However, you will have that extra. Do you want to deal with tenants on your summer weekends? Understand the Local Market Before buying, take a deep dive into the local real estate market. Is it a buyer’s or a seller’s market? What’s the long-term growth forecast? These are essential questions because a second home can be a personal retreat, but it’s still an investment. The value of that investment depends heavily on the health of the local market. Talking to local real estate agents who understand the area's nuances is key. They can offer insights into future developments, community trends, and potential shifts in property values. Even things like upcoming infrastructure projects can greatly impact your decision.  Think Long-Term It’s easy to get swept up in the excitement of owning a second home, but it’s wise to think long-term. Your needs today might not be the same in five or ten years.  Consider how flexible the property is. Can it accommodate changes in your life, like starting a family or changing your mobility needs as you age?  Also, consider the costs you might face down the road. Roof replacements, plumbing upgrades, and other big-ticket maintenance items will eventually appear.   Planning for those expenses from the beginning can save a lot of stress. Be Ready for Unexpected Challenges Owning a second home isn’t all sunshine and beach days. Unexpected issues will arise. Things like broken pipes, pests, or dealing with snow removal if it’s in a colder climate.   So, when these problems come up, you’re not always nearby to deal with them immediately. That’s why having a trusted local contact is important, someone who can check on the property regularly and handle emergencies. People often overlook these hidden headaches when dreaming about a second home. Be prepared for the unexpected, and it’ll save you a lot of frustration.  Final Thought: If you are planning to purchase a second house, please be rest assured that it will be a huge life-changing decision for you and your family. However, if you play your cards right, you might just be able to have the most comfortable retirement holiday home. This is where experts can help you make an informed and well-calculated decision. Read Also: 4 Tips For A Successful Home Renovation Things To Know Before Buying A New House A Quick Guide To The Legal Steps Of Buying A House Reasons To Stay In A Vacation Home Rather Than A Hotel Buying A House Vs Renting An Apartment: Which Is More Affordable?

READ MOREDetails
Commercial Construction After COVID-19

Commercial Construction After COVID-19: How Developers Can Adapt

The COVID-19 pandemic has disrupted the construction industry heavily. With people focusing on social distancing measures and businesses going online to cater to their customers, the commercial sector took a hit. The pandemic fuelled a boom in e-commerce has increased the demand for retail spaces, while many office spaces were left vacant. Fortunately, some companies have been taking up strategies that can benefit the commercial construction sector greatly. Speaking of adapting, the commercial real estate sector can focus on strategies like adaptive reuse. Apart from this, developers can also focus on creating spaces that are safe from COVID-19. When both these strategies are combined, the developers can repurpose vacant spaces into structures that are higher in demand and also ensure the indoor spaces are safe from the novel virus. Over the last few months, plenty of safety measures and precautions have been provided by organizations like ASHRAE and the CDC. The IWBI created the WELL Health Safety standard by providing scientifically proven measures for fighting against infectious diseases including COVID-19. Creating Safer Indoor Spaces: After a lot of research on the transmission of the coronavirus, extremely important evidence came into the picture that COVID-19 transmission can be airborne, especially in poorly ventilated indoor spaces. Therefore, creating safer than ever indoor spaces should be a top priority for developers. ASHRAE released a detailed guide for building owners on measures for promoting a safe indoor environment. The recommendations can be summarized in 3 main areas: Increasing outdoor air ventilation as much as possible, while minimizing indoor air recirculation. Upgrading the air filters to MERV rating 13 or higher. Installing Ultraviolet Germicidal Irradiation (UVGI) system for killing harmful airborne viruses and bacteria. Depending on the building conditions, the applications of the above-mentioned measures may vary but the main principle of ventilation, filtering, and purification still holds. Apart from new construction, they can also be implemented for existing buildings and in renovation projects as well for improving the indoor air quality. It is highly recommended to consult professionals that can identify the optimal measures for all building types. The IWBI came up with a list of 22 effective measures against COVID-19, and building owners can obtain the WELL Health Safety Seal by implementing at least 15 measures that are subject to verification. Mixed-Use Projects: A Viable Option While many companies are struggling with low occupancy in commercial buildings, the demand for housing is on the rise. A mixed-use project can not only provide housing spaces but also offer spaces for commercial use as well at the same time. Some of the interesting benefits observe are that in a mixed-use building, the occupied residential spaces will require services that can be easily accessible and provided from the commercial spaces in the same building. Also, business owners are drawn to such buildings as their potential customers are already there. Professionals working from home are also attracted to mixed-use developments as it offers various services within walking distance. Apart from this, mixed-use projects are highly beneficial for entrepreneurs planning to open a franchise, since they can have immediate access to a large number of potential customers. Repurposing Vacant Buildings with Adaptive Reuse: As mentioned earlier, some types of commercial buildings, like warehouses, are rising in demand, while some are seeing high vacancies. Adaptive reuse can be an excellent strategy for such building owners as the vacant buildings can be repurposed into structures like apartments, which are always in high demand. Work from home, implemented as a social distancing measure to fight against the spread of COVID-19 transmission, is now becoming a permanent solution for many companies. This led to less use of office space, which resulted in vacant office spaces and buildings. Repurposing such buildings is a viable strategy for office building owners. Conclusion: The commercial real estate sector was highly disrupted in the pandemic as the demand for some buildings increased greatly, while the others are now facing imminent vacancy. For staying competitive, developers implement the strategies mentioned above. Read Also: Commercial and Residential Construction: Key Differences Lifting and Rigging Equipment—Your Hardware Guide 3 New Age Engineering & Construction Technology All You Must Know About Construction Business Management Software

READ MOREDetails