As a Landlord is This Type of Lease Best for You?
If you are a novice landlord or even have some seasoning under your belt, I am sure at some point you either have or will ponder the question as to whether or not to use a month to month lease.
As a landlord with over 10 years experience, I can tell you what I think is best in the areas where I have owned property. The ultimate decision will come down to what you feel comfortable with and more importantly the area in which you own rentals.
Keep in mind 99% of the rental properties that I have own are in the central New Jersey area, so laws may be different where you live. You should always confer with an attorney who is an expert on this matter before you make any decisions.
10 Tips to be a successful landlord
Most private landlords feel under real pressure from all sides in the current economic climate. Those with buy-to-let mortgages coming up for renewal may find themselves with much higher interest rates – especially if there is not enough equity in the property to make a re-mortgage possible.
Many will also run the risk of tenants failing to pay the rent – when a combination of increasing unemployment and the recession take their toll.
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