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

American Apartment Owners Association

The case highlights the power (and potential risk) of enforcing daily late fee provisions in lease agreements. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month. Had Foster’s attorney properly raised the issue earlier, the outcome could have been very different.

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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. This makes an LLC ideal for partnerships and also solopreneurs.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

In limited situations, the FHA does not apply to buildings with four or fewer units that are owner-occupied, single-family homes rented or sold by the owner without an agent and housing run by private or religious organizations that offer residences to members only. What are legal grounds for rejecting an applicant?

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Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

Diversification: Owning multiple units in one property diversifies your investment portfolio, reducing the risk associated with single-family homes. Professional Help: When in doubt, seek advice from real estate professionals, financial advisors, or attorneys to ensure you’re making sound investment choices.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

In limited situations, the FHA does not apply to buildings with four or fewer units that are owner-occupied, single-family homes rented or sold by the owner without an agent and housing run by private or religious organizations that offer residences to members only. What are legal grounds for rejecting an applicant?

article thumbnail

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. This makes an LLC ideal for partnerships and also solopreneurs.