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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month.

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Essential Legal Considerations for Starting a Real Estate Business

American Apartment Owners Association

No matter if youre an independent landlord renting out a single-family home, a multifamily property owner managing multiple units, or a realtor expanding in property management, launching a real estate business is typically accompanied by unique legal challenges.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. It will help landlords and property managers make informed decisions about who to rent to. Current and previous addresses and landlord contact information. Paid rent on time?

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Don’t Get Scammed: Know About the Fair Housing Act 

American Apartment Owners Association

Under the Fair Housing Act, the Section 8 Housing Choice Voucher Program isa federal program that helps low-income individuals, families, and seniors find housing in the private market. CHAT WITH AN ATTORNEY What is a Section 8 voucher? A current scam targets landlords rather than renters. How does the Fair Housing Act work?

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Don’t Get Scammed: Know About the Fair Housing Act 

American Apartment Owners Association

Under the Fair Housing Act, the Section 8 Housing Choice Voucher Program isa federal program that helps low-income individuals, families, and seniors find housing in the private market. CHAT WITH AN ATTORNEY What is a Section 8 voucher? A current scam targets landlords rather than renters. How does the Fair Housing Act work?

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The Importance of an Accurate Rental Application

American Apartment Owners Association

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. It will help landlords and property managers make informed decisions about who to rent to.It Current and previous addresses and landlord contact information. Paid rent on time?

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House Hacking 101: What to Know

American Apartment Owners Association

For example, you could purchase a single-family home and rent out the rooms or buy that same property, make any necessary repairs and upgrades, and sell it for a profit. Additionally, house hacking lets you learn about property management , being a landlord and dealing with tenants while they cover most of your housing expenses.