Rent To Own
Landlords Should Require Renters Insurance—Here’s Why
Why Should Landlords Require Renters Insurance? Renters insurance is valuable to landlords because it ensures the tenant’s property is protected, minimizes their cost towards property damages as a result of tenant negligence, mitigates coverage disputes (i.e., who pays for what) if the tenant’s possessions are damaged or stolen while on the property, and reduces landlord’s…
Read MoreChicago’s Fair Housing Ordinance
Fair Housing During the summer of 2020, the City Of Chicago approved the new Fair Housing Ordinance. This ordinance increases the amount of notice a landlord must give in order to not renew a lease, terminate a lease, or raise the rent of a tenant. Chicago Landlord Wants To Terminate Your Lease – Under the ordinance, landlords…
Read More15 Tax Deductions for Landlords During Tax Season
15 Tax Deductions for Landlords This is a reprint of an article from Transunion SmartMove. We’ve used SmartMove to screen tenants in the past. If you’re a Landlord this is a must-read. Feb 4, 2021By Andrea CollatzResources, Landlords, Tenant Screening For some landlords, pride of ownership is the main appeal to purchasing rental property. For…
Read MoreDid The Last Round of Stimulus Help Renters Enough?
The latest round of stimulus provided much-needed relief for struggling families and businesses across the United States, especially for renters facing ballooning balances and costly monthly burdens. The package bought renters time, but for how long? New data from Zillow and MRI Software goes over the current state of the rental market and the challenges renters face moving forward.…
Read More3 reasons your furnace cycles on and off frequently.
Furnace cycling on and off frequently. This is a reprint from Petro Home services Have you ever thought “Why does my furnace keep shutting off?” You are not alone. This is a very common problem that if not diagnosed and corrected immediately could result in higher utility bills and major furnace repairs. Or even a…
Read MoreMortgage Broker -Benefit of Using A Great One
The topic is about a mortgage broker that helped us save a deal for a client. A great fix and flip opportunity for our client but at the last minute underwriting got scared and we almost lost the deal. We closed because of a great team effort including the attorney, a contractor that went the…
Read MoreRental Property- Deciding Between a Class A or B
We recently received a question from a client doing a 1031 exchange about how to decide between properties. The client was nearing the end of their 45-day deadline to name a replacement propertiy. The first property, built in 2018 is in a nicer area, with very that have a 9.8.7 School rankings. The list price…
Read MoreA New Path To Home Ownership (Lease With Option To Own)
Are you close to being able to buy a home but aren’t quite there? A NEW PATH TO OWNERSHIP You may not be ready to buy a house today, but you can still live in the home and community you really want. Smith & Company can show you how. Learn More
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