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Rental Basics in Montgomery County : Real Estate Advice

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  • Local Info11
  • Home Buying21
  • Home Selling3
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Activity 26
Mon Mar 13, 2017
Ksmith asked:
I often see individuals and/or LLC listed on a W-9 when making Rental Assistance Payments. Leases sometimes list an individual as the agent for an LLC who is also the owner of the LLC.…
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Thu Nov 3, 2016
Brian asked:
Fri Jun 24, 2016
Ted Candalino asked:
Renter strung us along saying that there were other renters. He finally said the other renters were out of the picture but they weren't. The other renters were willing to pay $1,300…
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Thu Aug 6, 2015
Debra (Debbie) Rose answered:
which homes??

You forgot to post the addresses
0 votes 1 answer Share Flag
Sat Oct 18, 2014
George Raymondo answered:
As long as haven't purchased the property less than 12 months ago, you'll be fine.

For those homeowners who are looking to purchase and retain their home and purchase with an FHA Loan, depending on HUD vacancy rates in your zip code we can use up 95% of your rents to offset your mortgage if you decide to p. Don't let anyone tell you that you need two years tax returns with rental income in order to use future rents. Let me know if you have any questions.

Best of Luck!
... more
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Tue Mar 25, 2014
Hilary Lefkowitz-Karaman answered:
Ashish,

What area will you be working in? There are a lot of options out there, depending on what you need/want to be close to. I would be happy to share some of my experience as you decide on your next home.

Best of luck,
Hilary
... more
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Sat Feb 22, 2014
Jeanne Feenick answered:
The answer will be among the terms of the listing. Commission is often one month's rent split between the listing agent and the tenant's agent/brokerage. It may be specified paid by landlord, or paid by tenant, or split between the two. Your agent should be able to answer this question on any listing. Note that commission is negotiable so the tenant is to pay all or in part, you can try to negotiate this. ... more
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Tue Oct 29, 2013
Trisha Kozak answered:
Hello, I am a Realtor in the area and I have negotiated rentals with clients who have credit or employment issues this way. It is possible!! Also there are townhomes in the area that offer short term rentals as well. Please contact me if you would like my help in finding your perfect rental!
Trisha Kozak
Coldwell Banker Realty Corp
office 215-855-5600
cell 215-435-0650

Thanks and good luck!!
... more
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Mon Jul 29, 2013
Ryan Kirkpatrick answered:
Depending on his situation, whatever works best to meet his financial, investment, and future housing needs. As a professional, I would suggest making an appointment with me to discuss different situations before making a final determination. The property I have listed in King of Prussia is listed for rent and sale. I found a tenant and was in the process of approving the tenants when an offer to purchase arrived. The owners reviewed both options and after careful consideration, decided to accept the purchase contract. We are scheduled to settle in early September. I offer both these services on a contingent basis, meaning, I don't get paid unless I find a tenant or buyer and an offer closes. Without knowing the ACTUAL offers, terms and values, you would be guessing which works best. I have over 13 years experience as well as a business degree and I follow economic news daily to help myself and my clients make informed investment decisions. I am also a mortgage loan originator. Please feel free to call me with any questions or to schedule an appointment, 610 420 7200.

Ryan Kirkpatrick,
Bonaventure Realty
... more
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Sun Mar 24, 2013
skipstein answered:
Hello;
We have owned a condo for years and refi'ed it while we were owner occupied. It has been almost four years now and there has not been questions from the mortgage holder. Here is my question, we want to refinance with the same credit union here in California. If we notify the credit union of our intentions and disclose the property is now a rental, and for some reason do not go through with the loan refi, will the credit union call in the loan?
Thank you for your help.
... more
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Thu Jul 5, 2012
Assunta Schmoyer asked:
Looking for a 2 or 3 br 2 bath to rent in OJRSD up to $900/month. Please call Jim Schmoyer 484-995-8041. My house is being purchased need to downsize one floor living.
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Wed Mar 21, 2012
Tuc18723 answered:
I am not set on a particular area. My budget is around 125-175k. I've seen many properties in the norristown area but don't know what kind of rental opportunities exist. My obvious concern is finding reliable tenants at that price range. ... more
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Mon Mar 19, 2012
John Bahn answered:
Let me get this straight. You want to pay cash upfront for a renting a house that is for sale now rather than purchase it and would a seller consider this? I guess the right answer at the moment is "it depends". ... more
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Mon Feb 20, 2012
Gita Bantwal answered:
If you are a student how are you going to qualify for a mortgage? First sit down with a lender and see if you qualify. ICheck local laws regarding renting . If you do get a mortgage, you are liable for the payment and should make sure you have money to pay if the others do not pay you. ... more
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Mon Feb 20, 2012
Gladys Viruet answered:
It all depends on the present condition of your home. Many homes don't require updates. I have discouraged clients from spending a lot of money updating areas that may not necessarly add to the value of the home. I have a good eye in assessing if the home needs any improvements. Many times offering a credit at closing is better than trying to put in new kitchens and baths.Good luck with your home sale. If you need a good Phil. referral let me know.
Gladys Viruet
... more
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Thu Jan 26, 2012
Benny Smith answered:
Civicschic02
IF you are interested in buying this home then a realtor might help. My advice is make preps to move in the future. You have months not days after the sale how much will depend on the buyer. I know many people who keep renting. Just don't stop paying. I recommend getting a lawyer so about paying the court not the landlord or Mortgage company. Your rights as a renter depend on timely payments. Good Luck. For more info you are welcome to email me here
Benny Smith, 412-498-7868
... more
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Thu Jun 30, 2011
Bruce Lang answered:
commission is to be negotiated up front in a listing contract...there is no "required amount" and any inferrence if a violation of anti-trust laws....I will use a hypothetical of my person experience ...I have seen this done for one months rent , I have seen it done for 7% of the total lease value....I have also seen other ideas too - 1/2 month, 2 months, 1 month/year...its really a conversation to have with the realtors you interview. ... more
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